| ITW's Q3 Fortunes Improving |
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| Written by Mike Buetow | |||
| Monday, 16 November 2009 10:41 | |||
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GLENVIEW, IL -- Illinois Tool Works today reported operating revenues fell 18% year-over-year to $3.4 billion for the period ended Oct. 31. The revenue decline included a 17% decrease in base revenues and a 4% decline in contributions from currency translation. Acquisitions added 3% to revenues. The company said base revenues improved modestly sequentially, mainly due to ongoing improvements in discrete end-markets such as automotive and construction. Power Systems and Electronics, the group that includes Speedline Technologies, Kester, Vitronics and other leading brands, fell 31.8% year-over-year during the period. In its 2009 third-quarter 10-Q, ITW said third quarter operating revenues in its Power Systems and Electronics unit were $620.7 million
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| Last Updated on Monday, 16 November 2009 11:28 |
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