1/28/2015 1:00:00 AM
NEWS BRIEFS
ITW Automotive Fastener Segment Sees Growth

ITW reported automotive OEM organic revenue growth of 7% outpaced fourth quarter worldwide auto builds of 1%. Organic revenues grew 12% in Europe, 4% in North America and 7% in Asia Pacific. Operating margins of 22.3% increased 190 basis points.

Automotive OEM segment revenue, including fasteners, totaled $620 million in Q4, with operating income of $138 million and an operating margin of 22.3%.

Construction Products revenue, including fasteners, totaled $402 million, with operating income of $63 million  and an operating margin of 15.7%.

Overall Q4 declined 1.4% to $3.5 billion. Operating income gained 9.5% to $686 million, while net income increased 10.3% to $450 million.

Full-year Automotive OEM segment revenue reached $2.6 billion, with operating income of $600 million and an operating margin of 23.2%.

Full-year Construction Products segment revenue totaled $1.7 billion, with operating income of $289 million and an operating margin of 17%.

Related Stories:

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• U.S. Fastener Activity Drops Double Digits

• Fasteners Achieve Solid Organic Growth at SWK

Related Links:

• ITW