10/22/2013 2:39:00 PM
NEWS BRIEFS
North American Gains Boost ITW Fastener Segment

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ITW reported Automotive OEM organic revenues, including fasteners, increased 11.5% to $589 million, with strong growth across all regions. By comparison, worldwide auto builds increased 4%. Automotive OEM operating margins improved 200 basis points to 21.1%. Q3 Automotive OEM operating income reached $124 million.

In the first nine months of 2013 Automotive OEM revenues gained 9.7% to $1.79 billion, with operating income of $367 million.

Construction Products organic revenues, including fasteners, increased 3.3% to $440 million due to 9.3% organic revenue growth in North America. Operating margins improved 250 basis points to 16.2%. Operating income was $71 million in Q3.

Nine-month Construction Products revenues fell 0.6% to $1.29 billion, with operating income of $180 million. ©2013 GlobalFastenerNews.com

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