GLENVIEW, IL — Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 15 percent for the three months ended May 31. Operating revenues for the three month period consisted of a 10 percent increase from acquisitions net of divestitures, 1 percent growth from base revenues and a 4 percent contribution from translation.
The company said its strong acquisition pace over the past 12 months resulted in continuing double digit growth in acquisition revenues. 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 be weak.
The company’s forecasted earnings range is 86 cents to 90 cents in the 2007 second 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 second quarter and 11 percent for the full-year.
For more information about ITW, go to: http://www.itw.com.