ITW reported Automotive OEM revenue, including fasteners, declined 6.8% to $725 million in the fourth quarter of 2019. Segment operating income totaled $154 million, while operating margin declined 40 basis points to 21.2%.

Construction Products revenue, including fasteners, fell 3.1% to $384 million in Q4. Segment operating income totaled $157 million, with operating margin down 270 basis points to 22.2%.

Overall ITW revenue dropped 3.1% to $3.47 billion, with organic revenue down 1.6% and operating margin at 23.7%.

Full year Automotive OEM revenue dipped 8.2% to $3.06 billion. Segment operating income totaled $659 million, while operating margin dropped 100 basis points to 21.5%.

Full year Construction Products revenue fell % to $1.63 billion. Segment operating income totaled $383 million, with operating margin down 70 basis points to 23.6%.

Full year ITW declined 4.5% to $14.1 billion, with organic revenue down 1.9%. Operating income fell 5.1% to $3.4 billion, with operating margin at 24.1%. Web: ITW.com