ITW Q1 Revenue Improves

Jason Sandefur

Illinois Tool Works Inc. reported that operating revenue for the first quarter of 2003 grew 5% to $2.31 billion, while operating income increased 4% to $321 million.
Q1 revenue from North American Engineered Products, including fasteners, grew 2%. Operating income slid 11% on slower growth in the construction, automotive and industrial markets. International Engineered Products� revenue for Q1 rose 22%, and operating income climbed 50%.
Glenview, IL-based ITW is a $9.5 billion manufacturer of engineered components and industrial systems. Web: itw.com �2003 FastenerNews.com