11/15/2010 10:57:00 AM
NEWS BRIEFS
ITW Fastener Segment Revenue Continues Growth

Illinois Tool Works Inc. reported Transportation segment revenue, including fasteners, rose 13.9 % for the three months ended October 31, 2010 based on “solid demand levels” in the company’s worldwide end markets.
 

Construction Products revenue, including fasteners, grew 13% during the period.
 

Overall operating revenue increased 13%, which included a 10% in organic growth and single-digit growth from acquisitions.
 

ITW 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% to 9%. 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% to 14%.  ©2010 GlobalFastenerNews.com

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