ITW reported Automotive OEM revenue, including fasteners, grew 9% to $901 million in the opening quarter of 2018. Segment income totaled $217 million, while the operating margin dropped 30 basis points to $24.1%

During the same period, Construction Products revenue, including fasteners, increased 8.3% to $428 million. Segment operating income totaled $95 million, while the operating margin dropped 30 basis points to 22.2%.

Overall ITW revenue grew 8% to $3.7 billion, which included organic growth of 3%. Operating income gained 12% to $903 million, with the operating margin up 90 basis points to 24.1%. Web: ITW.com