ITW Permatex Acquires South American Adhesives and Sealants Manufacturer
ITW Permatex has acquired Anaerobicos S.A., a privately owned maker of adhesives and sealants headquartered in Buenos Aires, Argentina. Anaerobicos has been manufacturing silicones, cyanoacrylates, anaerobics, adhesives and other sealants since 1972. Anaerobicos S.A. operates two industrial plants, a raw materials production facility in San Luis, Argentina, and a headquarters and manufacturing facility in San Martin, Buenos Aires, province. The Buenos Aires plant also houses the company’s central offices, state-of-the-art R&D laboratory and collapsible aluminum tubes manufacturing. The company employs more than 185 people in Argentina and Brazil.
ITW to Reclassify Divested Businesses as Discontinued Operations
GLENVIEW, IL — Illinois Tool Works Inc. (ITW) announced it will report five businesses that were divested in 2007 and 2006, or held for sale at the end of 2007, as discontinued operations. As a result, the operating results for these construction, consumer packaging and automotive machinery and components businesses will be reclassified as discontinued
ITW Reports 16.6 Percent Growth in Operating Revenues
GLENVIEW, IL — Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 16.6 percent for the three months ended Nov. 30. Operating revenues for the three month period consisted of a 9.8 percent increase from acquisitions net of divestitures, 2.5 percent growth from base revenues and a 4.3 percent contribution from translation
ITW Reports 15.6 Percent Growth in Operating Revenues for Three Months Ended Oct. 31
GLENVIEW, IL — Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 15.6 percent for the three months ended Oct. 31. The company said total revenue growth was in line with company expectations. Operating revenues for the three month period consisted of a 9.9 percent increase from acquisitions net of divestitures, 2.2
Juan Valls Named ITW Executive Vice President; Robert Brunner Moves to New Executive Vice President Role
GLENVIEW, IL — The Illinois Tool Works (ITW) Board of Directors has elected Juan Valls to executive vice president of global automotive fasteners. Robert Brunner, former executive vice president of global automotive fasteners, has moved to the position of executive vice president of ITW’s worldwide construction business. Valls, 45, becomes the first ITW executive vice
ITW Revenues Increased 16 Percent in the Third Quarter
Illinois Tool Works Inc. (ITW) has reported 14 percent growth in diluted net income per share in the 2007 third quarter. Diluted net income per share was 89 cents versus 78 cents in the 2006 third quarter. Additionally, the company’s third quarter net income increased 10 percent. The double-digit growth in third quarter earnings per share was in part due to ongoing strength from a broad variety of international end markets tempered by weaker North American end market activity.
ITW Reports 15.9 Percent Growth in Operating Revenues for Three Months
Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 15.9 percent for the three months ended Aug. 31. Total revenue growth was in line with company expectations. Operating revenues for the three month period consisted of a 10.4 percent increase from acquisitions net of divestitures, 2.5 percent growth from base revenues and a 3 percent contribution from translation and other items.
ITW Board of Directors Approves New $3 Billion Share Repurchase Authorization
GLENVIEW, IL — Illinois Tool Works Inc. has announced that its board of directors approved a new share repurchase program which authorizes management to buy back up to $3 billion of the company’s common stock over an open-ended period of time. The full authorization represents approximately 55 million shares based on the company’s closing share
ITW Appoints New Executive Vice President
Illinois Tool Works’ (ITW) Board of Directors has elected Jane Warner to executive vice president of the global finishing and software businesses. "Jane has a proven operating and management track record and we are pleased to have her lead our growing finishing and software businesses," said David Speer, chairman and chief executive officer. "Her promotion now gives us a total of 10 executive vice presidents who will continue to be prime architects of ITW’s successful growth in the years ahead."
ITW Reports Diluted Net Income Per Share of 90 Cents in the 2007 Second Quarter
Illinois Tool Works Inc. (ITW) has reported 11 percent growth in diluted net income per share in the 2007 second quarter. Diluted net income per share was 90 cents versus 81 cents in the 2006 second quarter. In addition, the company’s second quarter net income increased 9 percent.