ITW’s Q2 net income up 11.8% y/y to USD587 million

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Financial results

Sales of Automotive OEM business rise 4.4% y/y

Illinois Tools Works (ITW) reported a 11.8% year-over-year (y/y) increase in net income to USD587 million for the second quarter ended 30 June 2016, the US-based supplier said in a press release yesterday (24 July).

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