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May 15, 2007

Illinois Tool Works Sales Grow 15%

Diversified industrial manufacturer Illinois Tool Works Inc., Glenview, IL, reported sales in many North American end markets continue to be weak.
 
Sales for the quarter ended April 30, 2007, increased 15%. That included a 10% increase from acquisitions (minus divestitures), 2% growth from base revenues, and 3% from translation and other items.
 
Sales in Engineered Products/North America were down 2% from the same period a year ago; Engineered Products/International sales were up 27%. Specialty Systems/North America sales were up 9%; Specialty Systems/International sales were up 21%.
 
ITW is a $14.1 billion diversified manufacturer of highly engineered components and industrial systems and consumables. The company has 750 business units in 49 countries.

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