Illinois Tool Works

John Wolz

Illinois Tool Works
2001 Revenue$9.29 billion
2000 Revenue $9.98 billion
2001 Closing Price67.72
2000 Closing Price56.84

Analysts are projecting Inc. revenues to grow no more than 1% during 2002, buoyed by ITW�s acquisitions program.
ITW reported a 1% decline in total company revenues for the three months ended January 31, 2001. The revenue decline consisted of 9% growth from acquisitions, offset by a 4% decline from base businesses and a 6% decrease due to the impact of currency translation.
ITW reported North American engineered products were down 3%, but international engineered products gained 22%.
ITW is a $10 billion diversified manufacturer of highly engineered components and industrial systems. The company consists of approximately 600 decentralized operations in 43 countries.
Founded in 1912, ITW first manufactured cutting tools at a small plant in Chicago. ITW entered the fastener business in 1923 using a patent on a twisted-tooth lockwasher to start Shakeproof Company in 1923, when Detroit was converting autobodies from wood to metal door hinges. Fastener involvement expanded with the concept of �preasSEMbling� a washer to a screw. In the early 1950s the Fastex division was formed to produce special stampings and plastic fasteners.
Today ITW manufactures highly engineered fasteners and industrial components and specialty products primarily for the auto, food and construction industries. Brand names include Buildex, Fastex, Ramset/Red Head and Shakeproof.
Fasteners are part of the Engineered Products division, which accounts for 45% of sales and 45% of profits.

Headquarters: 3600 W. Lake Ave., Glenview, IL 60025-5811. Tel: 847 724-7500 Fax 847 657-4392
Web: itw.com
NYSE Symbol: ITW
CEO: James Farrell
Investor Relations: John Brooklier
Employees: 55,300 \ �2002 FastenerNews.com