GLENVIEW, Ill. — Illinois Tool Works Inc. (ITW) has reported a total company operating revenue increase of 19 percent for the three months ended April 30, versus the year-ago period. Base revenues contributed 12 percent to revenue growth in the three month period. In addition, acquisitions and currency translation added 2 percent and 5 percent to revenue growth, respectively.
ITW said the ongoing improvement in base revenue growth was due to increasing demand across a broad set of consumer and industrial end-markets in both North America and internationally.
The company continues to forecast second quarter 2010 diluted income per share from continuing operations to be in a range of 74 cents to 86 cents and assumes a second quarter revenue growth forecast range of 15 percent to 19 percent.
For full-year 2010, the company continues to forecast diluted income per share from continuing operations to be in a range of $2.72 to $3.08 and assumes a total revenue growth range of 10 percent to 14 percent.
