ITW reported Automotive OEM revenue, including fasteners, grew 7.2% to $879 million in the second quarter of 2018. Segment organic growth increased to 3% from 1% the previous quarter, while income totaled $198 million. Operating margin rose 20 basis points to $22.5%.

During the first six months of 2018, Automotive OEM revenue rose 8% to $1.78 billion, with operating income totaling $415 million and operating margin reaching 23.3%.

Construction Products revenue, including fasteners, increased 4.4% in Q2 to $444 million, with operating income at $109 million and margins up 50 basis points to 24.5%.

Six-month Construction Products revenue gained 6.3% to $872 million, with operating income totaling $204 million and margins of 23.3%.

Overall ITW revenue improved 7% to $3.8 billion in Q2, which included organic growth of 4% driven by 5% growth in North America. Operating margin was 24.3%, an increase of 10 bps, and operating income grew 7% to $932 million. Web: ITW.com