GLENVIEW, Ill. — Illinois Tool Works (ITW) has reported an operating revenue increase of 8.8 percent for the three months ended Oct. 31. The increase in revenue growth for the three months was due to contributions from acquisitions and translation. The company said base revenues were negative for the three month period as North American and international end markets continued to weaken.
ITW is forecasting the fourth quarter 2008 diluted income per share from continuing operations to be in a range of 74 cents to 82 cents. The 2008 fourth quarter forecast assumes a total company growth range of 6 percent to 9 percent. For the full year, the company is forecasting diluted income per share from continuing operations to be in a range of $3.24 to $3.32. The full-year forecast assumes a total company revenue growth range of 10 percent to 11 percent.
