3/22/2011 1:45:00 AM
NEWS BRIEFS
ITW Automotive Fastener Segment Sales Jump
Illinois Tool Works Inc. reported Transportation segment revenue, including fasteners, jumped 15.7% for the three months ended February 28, 2011, based on strengthening demand from automotive OEMs.
Construction Products revenue, including fasteners, grew 11.4% during the period.
“A number of worldwide end markets continued to show strong demand levels for the three month period, especially those end markets associated with the Company’s welding, electronics, test and measurement, industrial packaging and automotive OEM businesses,” ITW reported.
Overall operating revenue increased 11%, which included 9% in organic growth.
ITW’s revenues totaled $15.9 billion in 2010, with more than half of these revenues generated outside of the U.S. ©2011 GlobalFastenerNews.com
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