ITW reported Automotive OEM segment revenue, including fasteners, increased 11% to $828 million in the fourth quarter of 2017. Segment operating income grew 7.3% to $191 million, with margins rising to 23.1%.

Full-year Automotive OEM revenue gained 14.3% to $3.27 billion, with operating income up 8.2% to $747 million and operating margin declining to 22.8%.

Q4 Construction Products segment revenue, including fasteners, grew 6.7% to $412 million, with operating income up 15.6% to $96 million and operating margin at 23.4%.

Full-year Construction Products segment revenue improved 3.7% to $1.67 billion, with operating income up 10.5% to $399 million and operating margin at 23.9%.

Overall ITW revenue grew 5% to $14.3 billion in 2017, with net income down 17% to $1.69 billion and operating margin improving 190 bps to 24.4%.  Web: ITW.com