Illinois Tool Works Sales Up 2.4% for 4Q
Illinois Tool Works Inc., Glenview, IL, reported an operating revenue increase of 2.4% for the three months ended Nov. 30, 2008. Revenue growth was driven by contributions from acquisitions. Base revenues were negative for the three month period as North American and international end markets declined significantly in the month of November. Currency translation also had a negative impact for the three month period.
On a segment basis, the Company’s three month moving average percentage change for operating revenues, comprised of base revenues, acquisitions/divestitures and currency translation, is provided below:
Industrial Packaging: +1.4%
Power Systems and Electronics: -1.9%
Transportation: +7.6%
Construction Products: -12.6%
Food Equipment: …
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