GLENVIEW, Ill. – Illinois Tool Works Inc. (ITW) has reported a total company operating revenue increase of 21 percent for the three months ended May 31, versus the year-ago period. Base revenues contributed 15 percent to revenue growth in the three month period. In addition, acquisitions and currency translation added 2 percent and 4 percent to revenue growth, respectively. The company said this ongoing improvement in base revenue growth was due to increasing demand across a broad set of North American and international consumer and industrial end-markets.

After two months of operating results, the company is now forecasting second quarter 2010 diluted income per share from continuing operations to be in a range of 80 cents to 86 cents. This range assumes a second quarter revenue growth forecast range of 18 percent to 20 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. The full-year range remains intact even with a forecasted currency translation adjustment of between 6 and 7 cents of earnings for the second half of the year due to the declining Euro. This translation impact assumes an average Euro currency rate of 1.20 in the second half of 2010.