9/21/2011 11:36:00 AM
NEWS BRIEFS
ITW Transportation Sales Rise
Illinois Tool Works Inc. reported revenue rose 16% in the three months ended August 31, boosted by acquisitions and currency fluctuations.
Revenue in the manufacturer’s transportation segment, including fasteners, grew 24%.
ITW is forecasting 2011 third quarter diluted income per share from continuing operations to be in a range of $0.95 to $1.03. The midpoint of this earnings range represents 24% growth versus the third quarter of 2010. The third quarter forecast assumes a total revenue growth range of 15% to 18%.
For the 2011 full year, ITW is forecasting diluted income per share from continuing operations to be in a range of $4.05 to $4.21 and assumes a total revenue growth range of 16% to 18%. ©2011 GlobalFastenerNews.com
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