10/24/2012 2:45:00 AM
NEWS BRIEFS
ITW Sales Show Decline
Illinois Tool Works Inc. (NYSE: ITW) today reported third quarter revenue decreased 1.7% to $4.5 billion.
Organic or base revenues grew 0.9%, with North American organic revenues increasing 3.9% and international organic revenues declining 2.7%. European and Asia Pacific organic revenues decreased 3.7% and 1.5%, respectively.
Q3 operating income gained 6.8% to $763 million. Operating margins of 16.9% improved 130 basis points due to favorable raw material price/cost trends as well as effective management of overhead costs within the businesses. 2012 GlobalFastenerNews.com
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