Illinois Tool Works Inc., Glenview, IL, reported an operating revenue increase of 10.1 percent for the three months ended August 31, 2008. The double-digit increase in revenue growth for the three months was due to contributions from translation and acquisitions.
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: +16.6%
Power Systems and Electronics: +13.2%
Transportation: +4.8%
Construction Products: +3.2%
Food Equipment: +11.2%
Polymers and Fluids: +43.5%
Decorative Surfaces: +1.0%
All Other: +4.6%
On Aug. 11, 2008, the company announced a plan to divest its …
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