GLENVIEW, Ill. — Illinois Tool Works Inc. (ITW) has reported a total operating revenue increase of 16 percent for the three months ended Aug. 31, compared to the year-ago period. Organic or base revenues contributed 6 percent to total revenue growth in the three month period. In addition, acquisitions and currency translation added 4 percent and 6 percent, respectively, to total revenues. Worldwide end markets exhibited generally stable growth trends for the three month period.

The company is forecasting 2011 third quarter diluted income per share from continuing operations to be in a range of 95 cents to $1.03. The third quarter forecast assumes a total revenue growth range of 15 percent to 18 percent.

For the 2011 full year, the company is forecasting diluted income per share from continuing operations to be in a range of $4.05 to $4.21 and assumes a total revenue growth range of 16 percent to 18 percent. The full-year forecast includes the 33 cents per share one-time tax benefit recorded in the 2011 first quarter. Excluding the one-time tax gain, the midpoint of the full-year earnings would be $3.80 and would represent a 32 percent increase compared to the year-ago period.