GLENVIEW, Ill. — Illinois Tool Works Inc. (ITW) today reported a total company operating revenue increase of 13 percent for the three months ended Aug. 31, versus the year-ago period. Organic or base revenues contributed 12 percent to total revenue growth in the three month period.
In addition, the company said acquisitions contributed 3 percent to top line growth while currency translation was 2 percent negative. The company’s worldwide end-markets continued to show solid demand levels in August, especially those associated with the company’s welding, automotive OEM and industrial packaging businesses.
The company is forecasting third quarter 2010 diluted income per share from continuing operations to be in the 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.
