US Market News
3週前
Miller Expands Copilot™ Family to Address Larger Weldments and Aluminum ApplicationsJune 10, 2026 2:00 PM
Business Wire New welding automation additions support a wider range of applications and production needs Miller Electric Mfg. LLC, a leading worldwide manufacturer of Miller® brand arc welding equipment, announces the expansion of its Copilot family with two new product variations: Copilot Builder with FANUC CRX-30 and Copilot with XR-AlumaPro™ CB torch. These build on the Copilot platform’s promise of making robotic welding easier to adopt, more flexible to configure and capable of growing alongside evolving production needs while addressing a wider array of welding applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260610952925/en/Copilot Builder FANUC Robot Extension in use “One of the biggest barriers to robotic welding is complexity,” says Sam Harvey, business unit director, Miller Welding Automation. “By expanding the Copilot family, we’re making it easier for teams to automate more challenging applications while maintaining the simplicity and confidence Copilot is known for. The introduction of new variations lets you reimagine your workflow and advances the platform to meet a wider range of operational requirements.” Copilot™ Builder™ With FANUC CRX-30 Copilot Builder with FANUC CRX-30 is designed for customers looking to take on larger weldments, particularly those already using FANUC robotics and seeking equipment standardization across their operations. It’s available in either air- or water-cooled versions, and it includes the same features as the Copilot Builder system with through-arc seam tracking built into the FANUC arm. Key features and benefits include: Enhanced reach for larger weldments: The CRX-30’s 70-inch reach unlocks the ability to weld larger assemblies that may be difficult or impractical with shorter-reach arms. Improved waypoint accuracy: Miller AccuGuide™ positioning control allows for higher precision when setting waypoints, a task that can be challenging when programming long-arm welding applications. Simplified programming: Compared to native FANUC programming and many traditional robotic platforms, Copilot Builder offers a more straightforward, welder-friendly programming experience. Standardization advantages: Ideal for customers already invested in FANUC robotics, the system supports equipment standardization, including aligned preventative maintenance schedules across robotic assets. Copilot™ and Copilot™ Builder With XR-AlumaPro CB Torch Copilot with Aluminum is engineered to help manufacturers successfully automate aluminum welding applications, including those involving more challenging wire types. Available for both the Copilot and Copilot Builder, and in air- and water-cooled models, the system pairs specialized hardware with advanced software features to deliver consistent feeding and enhanced control over weld quality. Key features and benefits include: Consistent aluminum wire feeding: The push-pull XR-AlumaPro CB torch enables accurate and reliable feeding of aluminum wire, including 4XXX series wires, helping reduce feeding issues and improve process stability. Advanced software control: Miller software includes advanced features and waveforms, such as Accu-Pulse® with Profile Pulse™ sequencing capabilities, providing greater control over welding parameters to help increase weld quality and consistency for aluminum applications. Extending the Copilot™ Family With these new additions, Miller continues to evolve the Copilot platform to address a broader range of welding challenges while preserving the core attributes that define the Copilot experience. Whether tackling larger weldments, expanding into aluminum or configuring a more flexible automation system with Copilot Builder, manufacturers can now arrange a Copilot system tailored to their specific needs. To learn more about the Copilot family and explore how Miller continues to drive innovation in welding automation, visit millerwelds.com/products/copilot. About Miller Miller Electric Mfg. LLC, headquartered in Appleton, Wisconsin, is a leading worldwide manufacturer of Miller® brand arc welding products and is a wholly owned subsidiary of Illinois Tool Works Inc. (NYSE: ITW). For more information, visit MillerWelds.com, call 1-800-4-A-Miller (800-426-4553), email View source version on businesswire.com: https://www.businesswire.com/news/home/20260610952925/en/ Lauren Smith, Hiebing for Miller
phone: +1 608.268.4408
lsmith@hiebing.com Original: Miller Expands Copilot™ Family to Address Larger Weldments and Aluminum Applications
US Market News
3月前
Teks® Expands Metal Roofing Line with New Standing Seam Roofing ScrewApril 7, 2026 10:00 AM
PR Newswire (US)
GLENVIEW, Ill., April 7, 2026 /PRNewswire/ -- Teks®, a long-established innovator in metal fastening solutions, has formally announced the introduction of its Teks Standing Seam Roofing Screw, a fastener engineered specifically to meet the performance and installation demands of modern standing seam metal roof systems.
While standing seam roofing is valued for its clean appearance, durability and long service life, many installers still rely on generic fasteners sourced through metal panel suppliers, often without features designed for standing seam attachment. The new Teks Standing Seam Roofing Screw addresses that gap with a dedicated solution focused on precision, consistency and installation efficiency.Teks Standing Seam Roofing Screws are designed expressly for attaching metal standing seam panels to wood decking and framing, delivering the precision these systems require. Compatible with both flanged and clip based standing seam systems, the screw features a low-profile pancake head that provides a flush finish, helping prevent dimpling or panel deformation while preserving the clean, modern aesthetic that define standing seam metal roofs.Installation efficiency is further supported by a sharp point tip that allows for fast starting in wood substrates and a coarse thread design that provides strong holding power for roofing applications.A key differentiator of the new screw is its T25 star drive head, which offers improved bit to screw engagement compared with traditional Phillips head screws commonly used in standing seam installations. The star drive helps reduce wobble and camout during driving, resulting in fewer stripped or dropped screws and more consistent installation performance, particularly on large roofing projects."Standing seam roofing isn't a niche anymore. It's becoming standard, and fasteners must meet that reality," said Kim Cortes, Sr. Product Manager. "At Teks, we lead by engineering solutions specifically for how the industry works today, not by repurposing generic designs. This screw reflects our leadership in metal fastening and our focus on helping contractors deliver precision, consistency and professional results on every standing seam metal roof."Supporting contractor accessibility, Teks Standing Seam Roofing Screws are available nationwide online & in-store at The Home Depot, Amazon, and participating building materials suppliers, lumberyards, and hardware retailers – allowing installers to purchase a dedicated standing seam fastener alongside other jobsite materials rather than relying solely on generic screws bundled with panel orders.About TeksFounded in 1967 with the introduction of the original self-drilling screw, Teks, a brand of ITW Construction Products (division of Illinois Tool Works, Inc.), has built its reputation on operational excellence, superior service, and ongoing product innovation for the construction market. The company serves residential and renovation applications nationwide and maintains strong partnerships with major home centers and distribution customers, including Home Depot, Lowe's, Menards, Ace Hardware, True Value, Do It Best, Orgill, and others. For more information, visit teksscrews.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/teks-expands-metal-roofing-line-with-new-standing-seam-roofing-screw-302735557.htmlSOURCE ITW Construction
Original: Teks® Expands Metal Roofing Line with New Standing Seam Roofing Screw
US Market News
4月前
Ramset Launches Cobra+ IFS Insulation Fastening System in U.S. MarketMarch 16, 2026 10:00 AM
PR Newswire (US)
GLENVIEW, Ill., March 16, 2026 /PRNewswire/ -- Ramset, a leading provider of powder-actuated tools and fasteners for residential and commercial remodeling, has launched the Cobra+ IFS Insulation Fastening System in the U.S.
Built on the proven Cobra+ platform, the system is designed to simplify and speed insulation installation to concrete. The Cobra+ IFS delivers consistent fastening performance, high power and improved ergonomics for fastening rigid insulation boards.The Cobra+ platform is engineered for durability and reliable penetration into concrete and steel while reducing noise and improving user comfort. With the IFS configuration, contractors can fasten insulation in a single step, eliminating adhesive cure times, reducing installation steps and removing the need for bracing."By eliminating adhesives, predrilling and bracing, Cobra+ IFS fundamentally changes how insulation is installed on concrete," said Praveen Dandu, product manager at Ramset. "Installers can fasten insulation in a single step and move on immediately, which reduces labor time, keeps jobsites cleaner and delivers consistent results, even in demanding conditions."A standard Cobra+ tool can be converted to an insulation fastening system in less than three minutes using the IFS Conversion Kit (PN 16900), which includes a dedicated piston, barrel and buffer. The system is compatible with common rigid and semi-rigid insulation materials, including extruded and expanded polystyrene, stone wool and polyurethane foam."Contractors have asked for a faster, cleaner way to fasten insulation to concrete without sacrificing holding power or thermal performance," Dandu said. "The Cobra+ IFS system delivers one-step fastening with the proven power of Cobra+, along with improved ergonomics and reduced noise to help crews work efficiently and comfortably."IFS System AdvantagesOne-step fastening with no curing timeUnlike adhesives that require set and cure time, the Cobra+ IFS allows installers to fasten insulation and continue working immediately, without bracing.No predrilling, no bracing, no messPins are driven directly through insulation into concrete using .27-caliber green loads, eliminating drilling and anchoring steps.Consistent Cobra+ performanceProfessional-grade power and ergonomics help drive pins flush for secure attachment and reliable thermal performance.Integrated thermal capImproves thermal efficiency and finished appearance while reducing heat loss, without the need for additional tape over the fastener head.Patented Insulation Fastening Pin FeaturesA pointed tip for clean penetration through foam board and accurate placementCurved design to minimize board compression and help maintain R-valueShaped shaft and flanges to reduce insertion force and provide long-term holding strengthSpiral steel pin for strong penetration and grip, even in hard concreteThe Cobra+ IFS Conversion Kit and insulation fastening pins are sold separately. Pins are available in 1-inch, 1.5-inch and 2-inch lengths, packaged in boxes of 50, and are designed for use only with .27-caliber green loads. Contractors can find the Cobra+ IFS Insulation Fastening System exclusively online & in-store at The Home Depot.About RamsetRamset is a leading provider of powder actuated tools and fasteners for residential and commercial remodeling. Since 1948, Ramset has supplied innovative tools to professional contractors and tradesmen helping to drive and improve jobsite speed. It is a brand of ITW Construction Products (division of Illinois Tool Works, Inc.), and is based in Glenview, Illinois. For more product and service information, visit www.ramsetpat.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/ramset-launches-cobra-ifs-insulation-fastening-system-in-us-market-302713605.htmlSOURCE ITW Construction
Original: Ramset Launches Cobra+ IFS Insulation Fastening System in U.S. Market
US Market News
5月前
Miller Expands Its Battery Powered Lineup with the Venture™ 150 TFebruary 9, 2026 12:45 PM
Business Wire
TIG-first precision joins the Venture series, delivering clean, high-quality welds anywhere the job demands
Miller Electric Mfg. LLC, a leading worldwide manufacturer of Miller® brand arc welding equipment, announced the launch of the Venture™ 150 T, a new battery powered TIG-first welder engineered for high-quality, aesthetically critical welds in challenging and power-limited environments.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260209171714/en/Battery powered welder next to someone TIG welding.
The Venture 150 T joins the Venture 150 S as the newest addition to the Venture series, the growing family of portable, battery powered welding solutions designed to help professionals work more efficiently and reduce downtime on every job.
Built with the same swappable battery system engineered specifically for welding, the Venture 150 T offers the precision and control required for industries such as food-grade and pharmaceutical piping, shipbuilding, mechanical contracting and other applications where both weld appearance and integrity matter.
The Venture 150 T allows users to produce consistent TIG welds anywhere, without depending on generators, external outlets or long leads, making it a powerful tool for finishing work, remote repairs and tight-access jobs. With two swappable batteries, welders can achieve true all-day uptime by welding on one battery while the other charges.
Key benefits include:
TIG-First Design: High-frequency starts, pulse features and precise control for clean, high-quality welds
Portable and Lightweight: Easy transport to hard-to-reach locations at only 27 pounds
Swappable Welding Batteries: Engineered specifically for welding so users can weld all day
Reliable Output: Consistent performance without reliance on external power sources
“Our goal with the Venture series is simple: remove the barriers that slow welders down,” said Carmen McCune, segment manager. “The Venture 150 T expands that promise. It brings precision to places where clean, reliable power isn’t always available, helping professionals work more efficiently and with greater confidence.”
With the addition of the 150 T, the Venture family now includes both stick-first and TIG-first models, giving welders the flexibility to choose the right tool for their specific needs while maintaining the portability, mobility and uptime the series is built around.
The Venture 150 T is now available for purchase through authorized Miller distributors. To locate a distributor near you and learn more about the Venture 150 T, visit MillerWelds.com.
About Miller
Miller Electric Mfg. LLC, headquartered in Appleton, Wisconsin, is a leading worldwide manufacturer of Miller brand arc welding products and is a wholly owned subsidiary of Illinois Tool Works Inc. (NYSE: ITW). For more information, visit the Miller website at MillerWelds.com, call 800-4-A-Miller (800-426-4553), email View source version on businesswire.com: https://www.businesswire.com/news/home/20260209171714/en/
Becca Vollmer
Hiebing
bvollmer@hiebing.com
608.256.6357
Original: Miller Expands Its Battery Powered Lineup with the Venture™ 150 T
johnsyn
13年前
Illinois Tool Works (ITW) Declares $0.38 Quarterly Dividend; 2.4% Yield
1:43 PM 2/15/2013 - StreetInsider
Illinois Tool Works, Inc. (NYSE: ITW) declared a quarterly dividend of $0.38 per share, or $1.52 annualized.
The dividend will be payable on April 9, 2013, to stockholders of record on March 28, 2013, with an ex-dividend date of March 26, 2013.
The annual yield on the dividend is 2.4 percent.
johnsyn
14年前
Barchart.com's Chart of the Day - Illinois Tool Works (ITW) for Sep 10, 2012
To access recent archived Chart of the Day reports, please go to:
http://www.barchart.com/headlines/search.php?feed=BC&series=COD
The "Chart of the Day" is Illinois Tool Works (ITW), which showed up on Friday's Barchart "All-Time High" list. ITW on Friday posted a new all-time high of $61.10 and closed +1.49%. TrendSpotter has been long since Aug 3 at $55.62. In recent news on the stock, ISI Group upgraded ITW to Buy from Hold. BMO Capital on July 26 initiated coverage on ITW with an Outperform and a target of $62. Illinois Tool Works, with a market cap of $27 billion, sells fasteners and components, equipment and consumable systems, and a variety of specialty products and equipment.
johnsyn
14年前
2:36 PM 13-F filings show Activist investor Ralph Whitworth's Relational Investors doubled down on Illinois Tool Works (ITW +0.6%) during the second quarter after reaching a “cooperation agreement” with the tool manufacturer in January. The fund bought 6.8M shares from April 1 through June 30, bringing its total investment to 14.6M shares, a 3% stake. Relational started accumulating shares of ITW as far back as mid-2011, and reached a deal with the company last January that gave it the option to appoint one its principals, David Batchelder, to its board in 2013.
SA
johnsyn
14年前
ITW Board Of Directors Approves 6 Percent Dividend Increase
Today : Friday 3 August 2012
The board of directors of Illinois Tool Works Inc. (NYSE: ITW) today declared a regular quarterly cash dividend of $0.38 cents per share or $1.52 per share on an annual basis. The quarterly increase of $0.02 cents per share—$0.08 cents per share annually—represents a 6 percent increase versus the current dividend rate. The newly increased dividend will be paid on October 10, 2012 to stockholders of record as of September 28, 2012.
Celebrating its 100-year anniversary in 2012, ITW (NYSE: ITW) is a Fortune 150 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The company focuses on profitable growth and strong returns across worldwide platforms and businesses. These businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW's revenues totaled $17.8 billion in 2011, with more than half of these revenues generated outside of the United States.
SOURCE Illinois Tool Works Inc.
johnsyn
14年前
BMO Starts DE, TEX, ITW, AGCO, PCAR at Outperform, CAT, CMI, PH, KMT, MIDD at Market Perform, NAV at Underperform
8:40 AM 7/27/2012 - StreetInsider
BMO Capital'sJoel Tiss initiated coverage on a number of stocks in the Capital Goods sector Friday morning:
Illinois Tool Works (NYSE: ITW) with an Outperform rating and $62 price target
johnsyn
14年前
Graco may have to sell most ITW finishing unitsPrint.5:48 PM 5/31/2012 - AcquireMedia
MINNEAPOLIS -- Spray maker Graco Inc. said Thursday that it is "disappointed" that the Federal Trade Commission aims to order it to sell most of the finishing businesses it bought from Illinois Tool Works Inc. in April.
Graco said the FTC wants Graco to sell all the liquid finishing operations it bought from ITW. That includes the Binks spray finishing, DeVilbiss spray guns, Ransburg electrostatic equipment and BGK Curing divisions.
Graco bought those businesses and ITW's Gema powder coating unit for $650 million in a deal that closed April 2. Graco said the FTC could revise its proposed order during a public comment period over the next 30 days.
If the agency sticks with its current stance, Graco will have 180 days to sell the business.
The FTC has said since last year that the transaction violated antitrust laws, but it allowed Graco to complete the purchase while it investigated.
Shares of Graco sank $2.90, or 5.7 percent, to end regular trading Thursday at $48.17 and gave up another penny after hours.
..
johnsyn
14年前
ITW Directors Declare Quarterly Dividend
ITW (NYSE:ITW)
Today : Friday 4 May 2012
The board of directors of Illinois Tool Works Inc. (NYSE:ITW) today declared a regular quarterly cash dividend of $0.36 cents per share or $1.44 cents per share on an annual basis. This dividend will be paid on July 10, 2012 to stockholders of record Friday, June 29, 2012.
Celebrating its 100-year anniversary in 2012, ITW (NYSE: ITW) is a Fortune 200 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The company focuses on profitable growth and strong returns across worldwide platforms and businesses. These businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW's revenues totaled $17.8 billion in 2011, with more than half of these revenues generated outside of the United States.
SOURCE Illinois Tool Works Inc
johnsyn
14年前
Conditions of Growth, Economic Analysis - Research Report on Johnson Controls, Inc. and Illinois Tool Works Inc.
ITW (NYSE:ITW)
Today : Tuesday 24 April 2012
Today, www.EquityLeader.com introduced research coverage of Johnson Controls, Inc. (NYSE: JCI) and Illinois Tool Works Inc. (NYSE: ITW). Full research reports are available to readers at: www.EquityLeader.com/index.php?sm1=JCI&sm2=ITW.
Economic fundamentals leading into 2012 have set a generally positive pace with GDP growth likely to pick up through the coming year. However, there are several important caveats to note as the world economy continues to face headwinds and risks weigh to the downside. Positive outlooks are conditional on fiscal policy in payroll taxes and unemployment insurance benefits and upon the easing of the European debt situation. A repeat of volatility experienced in 2011 is likely in 2012, as perceptions about the strength of the U.S. economy and the euro zone will vary over time as events unfold.
Despite the current situation, our team continues to identify high momentum situations with growth potential -- there remains strong opportunity within careful discretion.
Equity Leader has decided to cover Johnson Controls, Inc. for its current position within the consumer goods industry. Johnson Controls, Inc. (Johnson Controls) provides automotive interiors. It provides batteries for automobiles and hybrid electric vehicles, along with related systems engineering, marketing and service expertise. A copy of this report detailing Johnson Controls, Inc. (NYSE: JCI) is available at: www.EquityLeader.com/index.php?sm1=JCI.
Equity Leader is also taking note of Illinois Tool Works Inc. for its changing role within the industrial goods industry. Illinois Tool Works Inc. (ITW) is a multinational manufacturer of a diversified range of industrial products and equipment with operations in 58 countries. The Company operates in eight business segments: Transportation; Power Systems & Electronics; Industrial Packaging; Food Equipment; Construction Products; Polymers & Fluids; Decorative Surfaces, and All Other. To download free research on Illinois Tool Works Inc. (NYSE: ITW) investors may visit: www.EquityLeader.com/index.php?sm2=ITW.
About Equity Leader
Whether you are a first time investor or seasoned market professional, Equity Leader provides the resources necessary to simplify your research process. Our focus has always been to empower investors with the information they need to make their own investment decisions.
Contact:
Michael Westbrook
Email Contact
www.EquityLeader.com
johnsyn
14年前
ITW Announces Conference Call Information for 2012 First Quarter Earnings
ITW (NYSE:ITW)
Today : Tuesday 3 April 2012
Illinois Tool Works Inc. (NYSE: ITW) today announced that it will hold its 2012 first quarter conference call on Tuesday, April 24, 2012. The conference call will begin at 9 a.m. central time and will follow the Company's release of first quarter earnings at 7 a.m. central time on that same day.
The conference call can be accessed by dialing 1-800-369-1794. The pass code ITW is necessary to join the call. Participants are asked to dial in 15 minutes prior to the start of the call. Open to the public, interested participants should contact Patty Wolf-Yoshimura at 847-657-4062, or pwolf@itw.com, to reserve a line. The company also has made available a playback number for the conference call. The playback telephone number is 866-365-2451; no pass code is necessary. The playback number will be available until 12 midnight on May 8, 2012. The Company's synchronized slide show accompanying the web cast audio can be accessed via its website at www.itw.com. Interested participants should then access the investor tab.
Celebrating its 100-year anniversary in 2012, ITW (NYSE: ITW) is a Fortune 200 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The company focuses on profitable growth and strong returns across worldwide platforms and businesses. These businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW's revenues totaled $17.8 billion in 2011, with more than half of these revenues generated outside of the United States.
SOURCE Illinois Tool Works Inc
johnsyn
14年前
10:17 AM Morningstar's Ultimate Stock Pickers offer their 10 highest conviction buys: GILD, GSK, RIMM, C, DVN, ITW, SCHW, JNJ, TIF, DHR
johnsyn
14年前
ITW Announces Plans to Webcast Presentation for Barclays Capital Industrial Select Conference
ITW (NYSE:ITW)
GLENVIEW, Ill., Feb. 9, 2012 /PRNewswire/ -- Illinois Tool Works Inc. (NYSE: ITW) today announced plans to webcast its presentation at the upcoming Barclays Capital Industrial Select Conference at The Loews Miami Beach Hotel in Miami Beach, Florida. ITW's question and answer session, featuring Vice Chairman Scott Santi, will take place Wednesday, February 22, from 1:20 PM to 2:05 PM ET. The URL for the presentation is:
http://cc.talkpoint.com/barc002/022212a_lp/?entity=20_18FCJKD
Celebrating its 100-year anniversary in 2012, ITW (NYSE: ITW) is a Fortune 200 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The company focuses on profitable growth and strong returns across worldwide platforms and businesses. These businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW's revenues totaled $17.8 billion in 2011, with more than half of these revenues generated outside of the United States.
SOURCE Illinois Tool Works Inc.
Soapy Bubbles
15年前
Share REPURCHASE
ITW Releases Reclassification of Historical Results for Discontinued Operations; Company Announces $550 million of Share Repu...
ITW (NYSE:ITW)
Intraday Stock Chart
Today : Tuesday 28 June 2011
Click Here for more ITW Charts.
As previously announced, Illinois Tool Works Inc. (NYSE: ITW) entered into a definitive agreement in April 2011 to sell its finishing group of businesses to Graco Inc. The finishing businesses' revenues were approximately $305 million in 2010. Additionally, the Company approved plans to divest a consumer packaging business and an electronics business, which had combined 2010 revenues of approximately $100 million. Accordingly, the Company has reclassified the results of these businesses, as well as two other businesses previously exited, to discontinued operations
Soapy Bubbles
15年前
ITW Reports Total Operating Revenue Growth of 18 Percent for Three Months Ended May 31, 2011; Organic Revenues Grow 8 Percent in
ITW (NYSE:ITW)
Intraday Stock Chart
Today : Wednesday 22 June 2011
Click Here for more ITW Charts.
Illinois Tool Works Inc. (NYSE: ITW) today reported a total operating revenue increase of 18 percent for the three months ended May 31, 2011 compared to the year-ago period. Organic or base revenues contributed 8 percent to total revenue growth in the three month period. In addition, acquisitions and currency translation added 5 percent and 5 percent, respectively, to total revenues. A number of worldwide end markets continued to show solid demand levels for the three month period, especially end markets associated with the Company's welding, industrial packaging, automotive OEM, and test and measurement businesses.
On a segment basis, the Company's change in three-month moving average percentage for operating revenues, comprised of organic revenues, acquisitions and currency translation, is provided below.
(% change for 3 months ended May 31, 2011 versus prior year period)
*Transportation:
+
26 %
*Industrial Packaging:
+
19 %
*Power Systems and Electronics:
+
21 %
*Food Equipment:
+
10 %
*Construction Products:
+
14 %
*Polymers and Fluids:
+
27 %
*Decorative Surfaces:
+
9 %
*All Other:
+
13 %
The Company is forecasting full-year 2011 diluted net income per share to be in a range of $4.16 to $4.34. The full-year forecast includes the $0.33 per share one-time tax benefit recorded in the 2011 first quarter. It also includes full-year operating results from the finishing group that is expected to be sold to Graco Inc. sometime in the second half of 2011. The 2011 full-year forecast assumes a total revenue growth range of 16 percent to 18 percent. For the 2011 second quarter, the Company is forecasting diluted net income per share to be in a range of $0.99 to $1.05. The 2011 second quarter forecast assumes a total revenue growth range of 17 percent to 20 percent.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitations, statements regarding operating revenues, end markets, diluted net income per share, and the Company's related forecasts. These statements are subject to certain risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ materially from the Company's expectations are set forth in ITW's Form 10-K for 2010.
With nearly 100 years of history, Illinois Tool Works Inc. (NYSE: ITW) is a Fortune 200 global diversified industrial manufacturer. The Company's value-added consumables, equipment and service businesses serve customers in developed as well as emerging markets around the globe. ITW's key business platforms, including welding, automotive OEM, industrial packaging, food equipment, construction, polymers and fluids, test and measurement, electronics, decorative surfaces and automotive aftermarket, employ more than 60,000 people worldwide. ITW's revenues totaled $15.9 billion in 2010, with more than half of these revenues generated outside of the United States.
SOURCE Illinois Tool Works Inc.
Soapy Bubbles
15年前
ITW Directors Declare Quarterly Dividend
GLENVIEW, Ill., May 6, 2011 /PRNewswire via COMTEX/ -- The board of directors of
Illinois Tool Works Inc. (ITW) today declared a regular quarterly cash dividend
of $0.34 cents per share or $1.36 cents per share on an annual basis. This
dividend will be paid on Tuesday, July 12, 2011 to stockholders of record
Thursday, June 30, 2011.
With nearly 100 years of history, Illinois Tool Works Inc. is a Fortune 200
global diversified industrial manufacturer. The Company's value-added
consumables, equipment and service businesses serve customers in developed as
well as emerging markets around the globe. ITW's key business platforms,
including welding, automotive OEM, industrial packaging, food equipment,
construction, polymers and fluids, test and measurement, electronics, decorative
surfaces and automotive aftermarket, employ more than 60,000 people worldwide.
ITW's revenues totaled $15.8 billion in 2010, with more than half of these
revenues generated outside of the United States.
SOURCE Illinois Tool Works Inc.
Copyright (C) 2011 PR Newswire. All rights reserved
Soapy Bubbles
15年前
ITW Reports Diluted Net Income Per Share of $1.24 in 2011 First Quarter; Excluding One-Time Tax Benefit in the First Quarter, Ea
ITW (NYSE:ITW)
Intraday Stock Chart
Today : Tuesday 26 April 2011
Click Here for more ITW Charts.
Illinois Tool Works Inc. (NYSE: ITW) today reported first quarter 2011 diluted net income per share of $1.24, an 88 percent increase compared to the 2010 first quarter. Excluding a one-time tax benefit of $0.33 associated with the settlement of an Australian tax case in the 2011 first quarter, earnings of $0.91 per share would have been 30 percent higher than the year-ago adjusted period. As previously announced, the Company eliminated the one month lag for the reporting of its international operations effective January 1, 2011. All 2011 and 2010 results as well as 2011 forecasts reflect this change.
First quarter 2011 financial highlights versus the prior year period included:
Total revenues of $4.388 billion increased 17.4 percent.
Organic or base revenues grew 11.7 percent, with North American organic revenues increasing 12.2 percent and international organic revenues growing 11.0 percent.
Acquisitions net of divestitures added 4.2 percent and currency translation contributed 1.6 percent to total revenues.
Operating income of $682.6 million increased 26.0 percent and net income of $623.1 million grew 86.7 percent.
Operating margins of 15.6 percent increased 110 basis points, with base businesses contributing 90 basis points of improvement.
Operating highlights for the 2011 first quarter compared to the year-ago period included:
Total revenues for the Power Systems and Electronics segment increased 20.8 percent. Organic revenues grew 16.4 percent based on strong end market demand and market penetration gains associated with a number of businesses. Worldwide welding organic revenues increased 23.0 percent, with North American welding organic revenues growing 27.4 percent and international welding organic revenues increasing 12.7 percent. Demand from heavy-equipment OEM's continued to boost welding revenues. Organic revenues for the PC board fabrication business grew 16.0 percent due to strong demand for consumer electronics products. The Company's other electronics units grew organic revenues 5.3 percent in the quarter. Segment operating margins of 21.0 percent improved 150 basis points.
Total revenues for the Transportation segment grew 23.6 percent. Segment organic revenues increased 15.1 percent largely due to ongoing strength in automotive OEM car builds as well as new product penetration. While worldwide automotive OEM organic revenues grew 15.7 percent in the first quarter, North American and European car builds increased 11 percent versus the year-ago period. Segment operating margins of 15.9 percent improved 80 basis points.
"We were extremely pleased with our strong financial performance in the 2011 first quarter," said David B. Speer, chairman and chief executive officer. "Our total revenue increase of 17 percent was driven by double-digit organic growth, underlying both the strength in many of our worldwide end markets and our ongoing market penetration gains. We believe that most of our end markets will remain relatively strong throughout the remainder of 2011."
Based on first quarter results and anticipated end market conditions for the remainder of the year, the Company is increasing its full-year 2011 diluted net income per share forecast to be in a range of $4.16 to $4.34. The full-year forecast includes the $0.33 per share one-time benefit recorded in the 2011 first quarter. It also includes full-year operating results from the finishing group that is expected to be sold to Graco Inc. no sooner than June of 2011. The 2011 full-year forecast assumes a total revenue growth range of 16 percent to 18 percent. For the 2011 second quarter, the Company is forecasting diluted net income per share to be in a range of $0.99 to $1.05. The 2011 second quarter forecast assumes a total revenue growth range of 17 percent to 20 percent.
This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding diluted net income per share, end markets, market penetration, total revenue growth, organic or base revenue growth, and future growth prospects. The statements are subject to certain risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated. Such factors are contained in ITW's Form 10-K for 2010.
With nearly 100 years of history, Illinois Tool Works Inc. is a Fortune 200 global diversified industrial manufacturer. The Company's value-added consumables, equipment and service businesses serve customers in developed as well as emerging markets around the globe. ITW's key business platforms, including welding, automotive OEM, industrial packaging, food equipment, construction, polymers and fluids, test and measurement, electronics, decorative surfaces and automotive aftermarket, employ more than 60,000 people worldwide. ITW's revenues totaled $15.8 billion in 2010, with more than half of these revenues generated outside of the United States.
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ITW Enters Into Agreement to Sell Its Finishing Businesses to Graco Inc.
ITW (NYSE:ITW)
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Today : Thursday 14 April 2011
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Illinois Tool Works Inc. (NYSE: ITW) today announced that it has entered into a definitive agreement to sell its finishing group of businesses to Graco Inc. in a $650 million cash transaction. The sale is not expected to be completed until June 2011 at the earliest to accommodate regulatory reviews.
ITW's finishing equipment businesses consist of paint spray systems and technologies for a variety of industrial end markets and applications around the world. Key businesses include Gema, Ransburg, DeVilbiss, BGK and Binks. These businesses are leaders in wet industrial finishing as well as powder paint equipment and drying technologies. The finishing businesses revenues were $305 million in 2010. The Company intends to utilize after-tax proceeds from the sale to repurchase shares as part of its share repurchase program.
"ITW's finishing businesses offer a variety of premium worldwide brands which collectively represent a very valuable asset," said David B. Speer, chairman and chief executive officer. "We believe the sale of these assets to an industry leader like Graco presents our finishing businesses with an excellent opportunity to optimize their long-term growth and profitability."
Founded in 1926, Graco (NYSE: GGG) is a world leader in fluid handling systems and components. Graco products move, measure, control, dispense and apply a wide range of fluids and viscous materials used in vehicle lubrication, commercial and industrial settings. Graco's revenues totaled $744 million in 2010.
With nearly 100 years of history, Illinois Tool Works Inc. is a Fortune 200 global diversified industrial manufacturer. The Company's value-added consumables, equipment and service businesses serve customers in developed as well as emerging markets around the globe. ITW's key business platforms, including welding, automotive OEM, industrial packaging, food equipment, construction, polymers and fluids, test and measurement, electronics, decorative surfaces and automotive aftermarket, employ more than 60,000 people worldwide. ITW's revenues totaled $15.9 billion in 2010, with more than half of these revenues generated outside of the United States.
SOURCE Illinois Tool Works Inc.
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