ITW reported Automotive OEM revenue, including fasteners, increased 10.4% to $800 million in the final quarter of 2020, with operating income totaling $191 million and operating margin at 23.9%.

Construction Products revenue, including fasteners, rose 11.9% to $430 million during Q4, with operating income totaling $112 million and operating margin at 26.2%.

Overall ITW revenue climbed 5% to $3.5 billion during Q4, with operating income up 7% to $883 million and operating margin climbing to 25.4%.

Full-year Automotive OEM revenue declined 16.1% to $2.57 billion, with operating income totaling $457 million and operating margin at 17.8%.

Full-year Construction Products revenue rose 1.7% to $1.65 billion, with operating income reaching $421 million and operating margin at 25.5%.

During 2020, ITW revenue grew 10.9% to $12.6 billion, while operating income down 15% to $2.9 billion and net income decreasing 16% to $2.1 billion.  Web: ITW.com