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ITW Reports 10 Percent Growth in Operating Revenues
August 16, 2006
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GLENVIEW, IL -- Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 10 percent for the three months ended July 31. Operating revenues for the three month period consisted of 4 percent growth from base revenues and a 7 percent increase from acquisitions. Intercompany revenues lowered revenues 1 percent in the period. Base revenue growth benefited from both North American and international end market demand, according to ITW.

After one month of actual results, the company continues to forecast a third quarter earnings range of 78 cents to 82 cents. For full-year 2006, the company also continues to forecast an earnings range of $3.03 to $3.11. Both forecasted earnings ranges reflect ITW's two-for-one stock split which was effective in May of this year. For the third quarter, base revenues are expected to grow in a range of 4 percent to 6 percent. For the full-year, base revenues are forecasted to grow in a range of 4.7 percent to 5.7 percent.

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