GLENVIEW, Ill. — Illinois Tool Works Inc. (ITW) today reported an operating revenue decrease of 26 percent for the three months ended May 31. The revenue decline for the three months was due to a 23 percent decrease in base revenues and a 9 percent decline in contributions from currency translation.

Acquisitions contributed 6 percent to revenues in the three month period. The company’s base revenues continue to stabilize as core revenues have been in a range of -21 percent to -25 percent for the past 5 months of January through May 2009.

Due to the Decorative Surfaces segment being placed back into continuing operations, as was announced on May 8, the segment is expected to add four cents to income per share from continuing operations in the current quarter. As a result, the company is now forecasting second quarter 2009 diluted income per share from continuing operations to be in a range of 29 cents to 41 cents. On a restated basis, Decorative Surfaces also added four cents of earnings to ITW’s 2009 first quarter results. The updated second quarter forecast assumes a total revenue improvement of 5 percent to 11 percent compared to the restated first quarter of 2009.