Profit declines 7% over concerns in the housing market and general economy.
The Home Depot 2Q Sales Fall 9.1% Read More »
Acquisition of the Middle East-based fluid engineering company expands Gates’ presence in the region.
Gates Corp. Acquires Hydrolink Read More »
Industrial production increased 0.5% in July. Aside from a hurricane-related rebound in October 2008, the gain in July marked the first monthly increase since December 2007.
Manufacturing output advanced 1.0% in July, primarily due to a jump in motor vehicle assemblies from an annual rate of 4.1 million units in June to 5.9 million units in July. Excluding motor vehicles and parts, manufacturing production edged up 0.2%.
The output of utilities fell 2.4%, reflecting unseasonably mild temperatures in July, and the output of mines increased 0.8%. At 96.0% of its 2002 average, total industrial production was 13.1% below its level of a year earlier.
In July, the capacity utilization rate for total industry edged up to 68.5%, a level 12.4%age points below its 1972-2008 …
Industrial Production Up 0.5% in July Read More »
Illinois Tool Works Inc., Glenview, IL, reported operating revenue decrease of 24% for the three months ended July 31, 2009. The revenue decline for the three months consisted of a 21% decrease in base revenues and an 8% decline in contributions from currency translation. Acquisitions contributed 5% to revenues in the three month period.
For the most recent three month period, base revenues modestly improved versus the 2009 second quarter largely as a result of improving end market activity for businesses in the transportation, polymers & fluids and construction segments.
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. (Percent …
Illinois Tool Works Operating Revenue Down in Latest 3 Months Read More »
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