GLENVIEW, IL — Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 15.6 percent for the three months ended Oct. 31. The company said total revenue growth was in line with company expectations. Operating revenues for the three month period consisted of a 9.9 percent increase from acquisitions net of divestitures, 2.2 percent growth from base revenues and a 3.5 percent contribution from translation and other items.
The company’s strong acquisition pace over the past 12 months resulted in the continuing growth in acquisition revenues. Base revenues benefited from ongoing strength in a broad array of international end markets. International base revenues increased 6.2 percent while North American base revenues were essentially flat in the three month period.
The company’s forecasted earnings range is 86 cents to 90 cents in the 2007 fourth quarter and $3.36 to $3.40 for the full-year. The midpoints of these 2007 forecasted ranges would represent earnings growth of 14 percent for the fourth quarter and 12 percent for the full-year.
For more information about ITW, go to: www.itw.com.
