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ITW Reports 15.9 Percent Growth in Operating Revenues for Three Months
September 17, 2007
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GLENVIEW, IL -- Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 15.9 percent for the three months ended Aug. 31. Total revenue growth was in line with company expectations. Operating revenues for the three month period consisted of a 10.4 percent increase from acquisitions net of divestitures, 2.5 percent growth from base revenues and a 3 percent contribution from translation and other items.

The company said its strong acquisition pace over the past 12 months resulted in continuing double digit growth in acquisition revenues. Base revenue growth benefited from strong activity in a broad array of international end markets.

ITW has reported a forecasted earnings range of 85 cents to 89 cents in the 2007 third quarter and $3.31 to $3.41 for the full-year. The midpoints of these 2007 forecasted ranges would represent earnings growth of 12 percent for both the third quarter and full-year, according to the company.

For more information about ITW, go to: http://www.itw.com