GLENVIEW, IL — Illinois Tool Works Inc. reported an operating revenue increase of 15.8 percent for the three months ended Jan. 31. The company said growth in revenues was primarily due to contributions from acquisitions and translation. Total revenues were in line with company expectations.
The company is forecasting a full-year 2008 diluted income per share from continuing operations range of $3.47 to $3.61. The full-year forecast assumes a total company revenue growth range of 6 percent to 10 percent. For the 2008 first quarter, the company is forecasting income per share from continuing operations of 72 cents to 78 cents. The 2008 first quarter forecast assumes a total company revenue growth range of 8 percent to 11 percent. The mid-points of the full-year and first quarter ranges would represent earnings growth of 8 percent and 10 percent, respectively.
For more information about Illinois Tool Works, go to: www.itw.com.