ITW Reports 7 Percent Growth in Operating Revenues
Illinois Tool Works (ITW) has reported an operating revenue increase of 7 percent for the three months that ended Feb. 28. Operating revenues for the three month period consisted of 5 percent growth from base revenues and a 6 percent increase from acquisitions. Currency translation and intercompany sales lowered revenues 4 percent in the period. Strong demand from North American end markets, particularly those served by the company’s specialty systems business units, continued to drive base revenue growth.
ITW’s Board of Directors Authorize a Two-for-One Common Stock Split
The board of directors of Illinois Tool Works Inc. (ITW) has authorized a two-for-one common stock split. The board’s action is subject to the approval of shareholders at the annual meeting to be held on May 5, to increase the number of authorized common shares from 350 million to 700 million.
ITW Reports 8 Percent Growth in Operating Revenues for Three Month Period
Illinois Tool Works has reported an operating revenue increase of 8 percent for the three months, which ended Jan. 31. Operating revenues for the three month period consisted of 4 percent growth from base revenues and a 6 percent increase from acquisitions. Currency translation decreased revenues 2 percent in the period. The company said strong demand from North American end markets, particularly those served by the company’s specialty systems business units, continued to drive base revenue growth.
ITW Reports 17 Percent Growth
Illinois Tool Works Inc. (ITW) reported that its diluted net income per share increased 17 percent in the 2005 fourth quarter. Diluted net income per share of $1.42 compared to $1.21 in the 2004 fourth quarter. In addition, the company’s revenues increased 8 percent, operating income grew 11 percent and net income rose 12 percent.
ITW Reports 9 Percent Growth
Illinois Tool Works (ITW) reported an operating revenue increase of 9 percent for the three months ending Oct. 31. Operating revenues for the three month period consisted of 5 percent growth from base revenues, a 3 percent increase from acquisitions and a 1 percent contribution from currency translation.
ITW Reports Record Earnings
Illinois Tool Works (ITW) has reported record earnings for the fourth quarter of 2004, with diluted income per share from continuing operations increasing 30 percent. Income from continuing operations in the fourth quarter was $359.2 million, or $1.21 per diluted share, versus $286.9 million, or 93 cents per diluted share, in the fourth quarter of 2003.
ITW Acquires Permatex
ITW Performance Polymers, part of Illinois Tool Works, has acquired Permatex, Inc., a well-known producer of sealants, adhesives, and other products for the worldwide automotive aftermarket and the industrial maintenance and repair market. The company made this purchase at the same it was in the process of acquiring Wynn Oil from Parker Hannafin, as announced on Jan. 4.
Nearly $600K Raised at AACF Golf Tournament
The funds raised will be directed toward AACF’s mission of providing resources to aftermarket families facing hardships.
AAPEX Announces 2023 New Product and Packaging Awards
This year, a total of 183 products and 23 packaging entries qualified to be judged.
Advance Names 2023 Vendor Partner of the Year
Advance Auto Parts recognized several vendors for their contributions over the last year at its Partner Summit.
