ITW revenues dip slightly
Illinois Tool Works reported third quarter 2012 revenues of $4.501 billion decreased 1.7 percent.
Revenues for the same period last year were $4.58 billion. Net income for the period was $524 million, or $1.12 per diluted share, compared to $507 million, or $1.04 per diluted share, in the same period last year.
Organic revenues grew 0.9 percent, with North American organic revenues increasing 3.9 percent and international organic revenues declining 2.7 percent. European and Asia Pacific organic revenues decreased 3.7 percent and 1.5 percent, respectively.
Total revenues for the Power Systems and Electronics segment increased 4.6 percent. Total organic revenues for electronics grew 10.5 percent due to strong contributions from the electronic assembly businesses. Organic revenues for worldwide welding increased 1.9 percent, with North American welding growing 4.6 percent and international welding decreasing 5.6 percent.
"Even with end markets slowing in a number of international geographies, we were pleased by the consistent level of end market demand in North America," said E. Scott Santi, president and acting chief executive officer.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
