Illinois Tool Works (ITW)

Illinois Tool Works reported a total Company operating revenue increase of 9 percent for the three months ended January 31, 2010 versus the year-ago period.
The growth in revenues consisted of acquisitions and currency translation contributing 1 percent and 10 percent, respectively. Base revenues declined 2 percent in the three-month period. The base revenue decline of 2 percent in the most recent period improved versus the 2009 fourth quarter when base revenue declined 10 percent on a year-over-year basis. This improvement was largely due to easier January comparisons and the substantial improvement in the North American automotive OEM end market.

Feb 15 · 5:56:00 PM · Source: Reuters
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by Michael Oliveto