GLENVIEW, Ill. — Illinois Tool Works Inc. (ITW) today reported a total company operating revenue increase of 16 percent for the three months ended July 31, versus the year-ago period. Base revenues contributed 13 percent to revenue growth in the three month period. In addition, acquisitions contributed 3 percent to top line growth while currency translation was flat. The company’s worldwide end-markets continued to look relatively stable in the month of July.
ITW is forecasting third quarter 2010 diluted income per share from continuing operations to be in a range of 72 cents to 84 cents. The 2010 third quarter forecast assumes a total revenue growth range of 9 percent to 13 percent. For full-year 2010, the company is forecasting diluted income per share from continuing operations to be in a range of $2.82 to $3.08. The 2010 full-year forecast assumes a total revenue growth range of 11 percent to 13 percent.
