6/30/2011 12:06:00 AM
NEWS BRIEFS
ITW Trims Profit Outlook for Second Quarter

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Illinois Tool Works cut its second quarter earnings per share forecast to 95 cents-$1.01, down from its earlier prediction of 99 cents-$1.05 on $4.77 billion to $4.89 billion sales.
 

ITW adjusted its outlook to account for the upcoming divestiture of three businesses and the effects of a $550 million stock buyback.
 

The company’s forecast is lower than outlooks by analysts, who
see $1.04 earnings per share on sales of $4.77 billion. 
 

ITW sees full-year EPS of $4.08-$4.26 on sales growth of 16%-18%, implying sales of $18.41 billion to $18.73 billion.  ©2011 GlobalFastenerNews.com

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