ITW Forecasts FY 2010 EPS of $2.99 to $3.07

Illinois Tool Works Inc. ITW today reported a total Company operating revenue increase of 13 percent for the three months ended October 31, 2010 versus the year-ago period. Organic or base revenues contributed 10 percent to total revenue growth in the three month period. The Company is forecasting fourth quarter 2010 diluted income per share from continuing operations to be in a range of $0.74 to $0.82. The 2010 fourth quarter forecast assumes a total revenue growth range of 7 percent to 9 percent. For full-year 2010, the Company is forecasting diluted income per share from continuing operations to be in a range of $2.99 to $3.07. The 2010 full-year forecast assumes a total revenue growth range of 13 percent to 14 percent.