ITW Sees Q4 EPS of $0.74 to $0.82

Illinois Tool Works Inc. ITW today reported a total Company operating revenue increase of 11 percent for the three months ended November 30, 2010 versus the year-ago period. Organic or base revenues contributed 9 percent to total revenue growth in the three month period. In addition, acquisitions added 3 percent to top line growth while currency translation was 1 percent negative. A number of the Company's worldwide end markets continued to show strong demand levels for the three month period, especially those end markets associated with the Company's welding, electronics, test and measurement, industrial packaging and automotive OEM businesses. 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.