ITW Reports 15 Percent Growth in Operating Revenues
GLENVIEW, IL — Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 15 percent for the three months ended May 31. Operating revenues for the three month period consisted of a 10 percent increase from acquisitions net of divestitures, 1 percent growth from base revenues and a 4 percent contribution from translation.
ITW Reports 15 Percent Growth in Operating Revenues
Illinois Tool Works (ITW) has reported an operating revenue increase of 15 percent for the three months ended April 30. The company said total revenue growth was in line with expectations. Operating revenues for the three month period consisted of a 10 percent increase from acquisitions net of divestitures, 2 percent growth from base revenues and a 3 percent contribution from translation and other items.
ITW Reports Diluted Net Income Per Share of 71 Cents in the 2007 First Quarter
Illinois Tool Works Inc. (ITW) has reported 9 percent growth in diluted net income per share in the 2007 first quarter. Diluted net income per share was 71 cents versus 65 cents in the 2006 first quarter. In addition, the company’s first quarter revenues increased 14 percent while net income rose 10 percent. The company said the increase in first quarter earnings resulted from strong contributions from international end markets tempered by slowing growth or declining activity in a number of North American end markets.
ITW Reports 15 Percent Growth in Operating Revenue
Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 15 percent for the three months ended Feb. 28. Operating revenues for the three month period consisted of 2 percent growth from base revenues, an 11 percent increase from acquisitions and a 2 percent contribution from translation and other items. While base revenue growth benefited from strong demand from a broad array of international end markets, a number of North American end markets continued to show signs of moderating growth or actual declines in the three month period.
ITW Reports 14 Percent Growth in Third Quarter Operating Revenues
Illinois Tool Works (ITW) has reported an operating revenue increase of 14 percent for the three months ended Jan. 31. Operating revenues for the three month period consisted of 2 percent growth from base revenues, a 9 percent increase from acquisitions and a 3 percent contribution from translation and other items. While base revenue growth benefited from strong demand from a broad array of international end markets, a number of North American end markets continued to show signs of weakness in the three month period.
ITW Reports 10 Percent Growth in Operating Revenues
Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 10 percent for the three months ended Nov. 30. Operating revenues for the three month period consisted of 2 percent growth from base revenues, a 7 percent increase from acquisitions and a 1 percent contribution from translation and other items. While base revenue growth benefited from strong demand from a broad array of international end markets, a number of North American end markets continued to show signs of moderation or decline for the three month period.
ITW Puts Akron, OH, Plant Up for Sale
ITW Ride Quality Products, the former Akron Standard Co., will probably have a new owner in 2007. The plant, which makes testing equipment for the automotive and tire industries, has been put up for sale by its Glenview, IL, parent company, Illinois Tool Works. Ride Quality Products President Steve Harris said the company will be sold as a package with Balance Engineering, an ITW division in Detroit that also produces automotive market testing equipment.
ITW Reports 10 Percent Growth in Operating Revenues
GLENVIEW, IL — Illinois Tool Works (ITW) has reported an operating revenue increase of 10 percent for the three months ended Oct. 31. Operating revenues for the three month period consisted of 2 percent growth from base revenues and an 8 percent increase from acquisitions. While base revenue growth benefited from strong demand from international
ITW’s Board of Directors Elect Brunner, Martel and Parry to EVP Posts; Kropp Elected to CFO Position; Wooten Elected Senior Vice President and General Counsel
Illinois Tool Works’ (ITW) board of directors elected a number of senior managers to key positions within the company. Robert Brunner, Roland Martel and David Parry were elected executive vice presidents. In addition, Ronald Kropp was elected senior vice president and chief financial officer and James Wooten, Jr. was elected senior vice president, general counsel and corporate secretary.
ITW Successfully Completes Click Commerce Tender Offer
Illinois Tool Works Inc. (ITW) has successfully completed its cash tender offer to purchase all outstanding shares of common stock of Click Commerce. Click Commerce is a provider of on-demand supply chain management solutions. The company works with clients such as Alaska Airlines, BASF, Citibank, Delphi, Eastman Kodak Company, Jabil Global Services, Lockheed Martin, Microsoft, Pier 1, Ryder and Verizon to coordinate and optimize business processes, accelerate revenue, lower costs and improve customer service.