Illinois Tool Benefits From Business Strength Amid Headwinds

Illinois Tool Works Inc. (ITW) has been benefiting from strength in the Automotive Original Equipment Manufacturer segment, supported by the electric vehicles market. Organic revenues from the segment inched up 0.3% in the first nine months of 2024. The company is benefiting from strength in the Specialty Products segment, driven by strong momentum in the ground support equipment, specialty films and consumer packaging businesses and increasing demand in the appliance business. Organic revenues from the seg ...