4/26/2012 2:39:00 AM
NEWS BRIEFS
ITW Transportation Revenue & Profit Grow

ITW reported total revenues grew 6.4% to $4.55 billion in the opening quarter of 2012, while operating income gained 7% to $705 million.  

Organic revenues grew 3.2%, with North American organic revenues increasing 6.6% and international organic revenues were essentially flat. European organic revenues decreased 1.2% while Asia Pacific organic revenues grew 3.1%.

Transportation segment revenues, including fasteners, increased 10% to $923 million, with operating income gaining 10.3% to $151 million for the period.

Construction Products revenues, including fasteners, increased 1.1% to $469 million, with segment operating income declining 20.9% to $36 million. ©2012 GlobalFastenerNews.com

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