GLENVIEW, IL --
Illinois Tool Works (ITW) reported an operating revenue increase of 7 percent for the three months ending April 30. Operating revenues for the quarter consisted of 5 percent growth from base revenues and a 5 percent increase from acquisitions. Currency translation and intercompany sales lowered revenues 3 percent in the period. The company's base revenue growth continued to benefit from strong demand from North America end markets.
On a manufacturing segment basis, the company's three month moving average percentage change for operating revenues, comprised of base revenues and acquisitions, is provided below.
After one month of actual results, the company continues to forecast a second quarter earnings range of $1.52 to $1.58. For full-year 2006, the company also continues to forecast a range of earnings of $5.89 to $6.07. For the second quarter, base revenues are expected to grow in a range of 4.2 percent to 6.2 percent. For the full-year, base revenues are forecasted to grow in a range of 4.6 percent to 6 percent.
For more information about ITW, go to: www.itw.com .
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