GLENVIEW, Ill. -- Illinois Tool Works (ITW) has reported a total operating revenue increase of 16 percent for the three months ended April 30, compared to the year-ago period. Organic or base revenues contributed 8 percent to total revenue growth in the three month period. In addition, acquisitions and currency translation added 5 percent and 3 percent, respectively, to total revenues.

ITW said a number of worldwide end-markets continued to show strong demand levels for the three month period, especially end-markets associated with the company's welding, electronics, test and measurement, industrial packaging and automotive OEM businesses.

The company is forecasting full-year 2011 diluted net income per share to be in a range of $4.16 to $4.34. The full-year forecast includes the 33 cents per share one-time tax benefit recorded in the 2011 first quarter. It also includes full-year operating results from the finishing group that is expected to be sold to Graco Inc. no sooner than June of 2011.

The 2011 full-year forecast assumes a total revenue growth range of 16 percent to 18 percent. For the 2011 second quarter, the company is forecasting diluted net income per share to be in a range of 99 cents to $1.05. The 2011 second quarter forecast assumes a total revenue growth range of 17 percent to 20 percent.