- Net income of $468M, or $1.29 per diluted share vs. $458B, or $1.21 per diluted share, in the same quarter a year ago.
- Total revenue decreased 2.2% to $3.3B on negative currency impacts, while organic revenue rose 1%. Operating margin rose 120 bps to 22.1%, driven by ITW's Enterprise Initiatives.
- Organic revenue by segment: Automotive OEM +3%; Electronics -2%; Food Equipment +3%; Polymers & Fluids +1%; Welding -9%; Construction Products +5%; Specialty Products +3%.
- The company raised its 2016 full-year EPS guidance range by $0.05 to $5.40-$5.60, representing a 7% increase at the mid-point.