ITW sales up 10.4 percent
Illinois Tool Works Inc. reported fourth quarter 2011 revenues of $4.319 billion, a 10.4 percent increase from the same period a year ago.
Base revenues grew 5.9 percent, with North American organic revenues increasing 8.7 percent and international organic revenues growing 3.0 percent.
The company's fourth quarter operating income increased 34 percent to $647.1 million.
Total revenues for the Power Systems and Electronics segment increased 16.0 percent, fueled by growth in worldwide welding equipment and consumables businesses. Key worldwide end markets for the welding businesses continued to include oil and gas as well as heavy equipment manufacturers.
Total revenues for the Transportation segment increased 20.9 percent.
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.
