ITW Reports 14 Percent Growth in Third Quarter Operating Revenues

Illinois Tool Works (ITW) has reported an operating revenue increase of 14 percent for the three months ended Jan. 31. Operating revenues for the three month period consisted of 2 percent growth from base revenues, a 9 percent increase from acquisitions and a 3 percent contribution from translation and other items. While base revenue growth benefited from strong demand from a broad array of international end markets, a number of North American end markets continued to show signs of weakness in the three month period.

GLENVIEW, IL — Illinois Tool Works (ITW) has reported an operating revenue increase of 14 percent for the three months ended Jan. 31. Operating revenues for the three month period consisted of 2 percent growth from base revenues, a 9 percent increase from acquisitions and a 3 percent contribution from translation and other items. While base revenue growth benefited from strong demand from a broad array of international end markets, a number of North American end markets continued to show signs of weakness in the three month period.

On a manufacturing segment basis, the company’s three month moving average percentage change for operating revenues, comprised of base revenues and acquisitions, is provided below.

The company’s forecasted earnings range is 69 cents to 73 cents in the 2007 first quarter and $3.27 to $3.39 for the full-year. The midpoints of these 2007 forecasted ranges would represent earnings growth of 9 percent in the first quarter and 11 percent for the full-year.

For more information about ITW, go to: http://www.itw.com.