ITW's Electronics Equipment Sales Slowed in Q4 PDF Print E-mail
Written by Mike Buetow   
Tuesday, 29 January 2013 08:56

GLENVIEW, IL -- Illinois Tool Works today reported fourth quarter sales at its Power Systems and Electronics unit of $737 million, down 1.2% from last year.

Operating income fell 16.5% to $122 million for the period ended Dec. 31.

The for year, the unit saw sales of $3.15 billion, up 5.5% over 2011. Operating income rose 6.2% to $643 million. Organic revenue was up 3.8% for the year; the remainder of the gains came from acquisitions.

The unit includes Speedline Technologies, Vitronics-Soltec and other major suppliers.

Overall revenues fell 2.3% year-over-year to $4.22 billion, despite double-digit growth in the conglomerate's worldwide automotive OEM sales. Without the impact of divestitures, total revenues would have grown approximately 2%. Base revenues increased 60 basis points, in line with company expectations. By region, organic revenues in North America grew 1.6%, fell 2.6% in Europe, and rose 3.7% in Asia Pacific.

ITW guided for modest growth for both North American and international geographies in 2013. Organic revenue is expected to grow 1% to 3%, and the firm expects to take $120 million to $140 million in restructuring charges for the year. For the first quarter, the company is forecasting total revenue growth of flat to -2%.

 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Techspray Introduces Fine-L-Kote High Viscosity AR Conformal Coating
Fine-L-Kote high viscosity AR acrylic conformal coating reportedly widens the process window and flexibility. Can use as-is for dipping or thin down for spray systems. Is for selective spray systems...