ITW reported Automotive OEM segment revenue, including fasteners, declined 6.2% to $777 million in the fourth quarter of 2018. Operating income fell 12%% to $168 million, with margins falling to 21.6%.

During 2018, Automotive OEM segment revenue rose 2.1% to $3.34 billion, while operating income improved 0.5% to $751 million and margins declined to 22.5%.

Q4 Construction Products revenue, including fasteners, fell 3.6% to $397 million, with operating income up 3.1% to $99 million and a margin gain to 24.9%.

Full-year Construction Products revenue improved 1.8% to $1.7 billion, with operating income up 3.7% to $414 million and margin improvement to 24.3%.

During 2018, ITW revenue rose 3.3% to $14.8 billion, with operating margin slipping to 24.3%. Web: ITW.com