ITW Electronics Sales Up 49% in Q4 PDF Print E-mail
Written by Mike Buetow   
Monday, 31 January 2011 09:45

GLENVIEW, IL -- Illinois Tool Works' Power Systems and Electronics unit saw revenue climb 22.8% percent in the fourth quarter versus the year-ago period, capping a strong year.

The Electronics segment of the unit, which includes screen printing and soldering equipment OEMs Speedline Technologies and Vitronics-Soltec, saw organic revenues rise 48.9% in the quarter, thanks to ongoing strong demand for consumer electronics products. Segment operating margins were 20%, or 530 basis points higher than the year-ago quarter.

Overall, ITW reported fourth quarter 2010 revenues of $4.17 billion, up 11% from the year-earlier period. Organic or base revenues grew 9.1% in the quarter, with North American organic revenues increasing 8.9% and international organic revenues growing 9.2%. Fourth-quarter operating income was up 21.7% to $579.5 million. Operating margins of 13.9% were 120 basis points higher than the year-ago period.

For full-year 2010, the company reported revenues of $15.87 billion, up 14.4% from 2009. Operating margins rose 480 basis to 14.8%.

ITW offered a full-year forecast of 11.5% to 14.5% revenue growth, 12% to 15% in the first quarter.



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