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ITW Reports Growth in Operating Revenues
May 16, 2003
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Illinois Tool Works Inc. reported an operating revenue increase of 5 percent for the 3 months ended April 30, 2003. Operating revenues for the three month period consisted of 2-percent growth from acquisitions and a 6-percent contribution from currency translation, offset by a 3-percent decline in base business revenues. The company said its revenue growth for the 3 months continued to reflect stronger contributions from international businesses and weaker performance from North American operations. Based on 1 month of actual results in the 2003 second quarter, the company continues to forecast that income per diluted share from continuing operations is expected to be in the range of U.S. $0.83 to $0.93. For full- year 2003, the company's forecast remains unchanged as income per diluted share from continuing operations is expected to be in the range of $3.02 to $3.42.

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