ITW Revenue Jumps 10%
ITW Revenue Jumps 10%
Jason Sandefur
Acquisitions and currency translation helped ITW reported a 10.1% operating revenue increase for the three months ended August 31, 2008.
The company’s Industrial Packaging and Power Systems & Electronics segments saw double digit revenue growth during the period. Transportation sales grew 4.8%, while Construction Products posted a 3.2% increase.
ITW reported revenues during the first six months of 2008 grew 10.9% to $8.7 billion, while operating income increased to $1.27 billion. Net income slipped 8% to $831.7 million.
During the second quarter, sales improved 10% to $4.57 billion, with operating income rising 8.7% to $756.7 million. Q2 net income grew 4% to $528.1 million. Web: itw.com �2008 FastenerNews.com
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