Home » Illinois Tool Works Operating Revenue Down in Latest 3 Months
Illinois Tool Works Operating Revenue Down in Latest 3 Months
August 17, 2009
Illinois Tool Works Inc., Glenview, IL, reported operating revenue decrease of 24% for the three months ended July 31, 2009.
The revenue decline for the three months consisted of a 21% decrease in base revenues and an 8% decline in contributions from
currency translation. Acquisitions contributed 5% to revenues in the three month period.
For the most recent three month
period, base revenues modestly improved versus the 2009 second quarter largely as a result of improving end market activity
for businesses in the transportation, polymers & fluids and construction segments.
On a segment basis, the Company's three
month moving average percentage change for operating revenues, comprised of base revenues, acquisitions/divestitures and currency
translation, is provided below. (Percent change for 3 months ended July 31, 2009 versus prior year period.)
Packaging: -34.1% Power Systems and Electronics: -39.4% Transportation: -16.4% Food Equipment: -14.2% Construction
Products: -31.9% Polymers and Fluids: -3.6% Decorative Surfaces: -22.8% All Other: -17.2%
ITW is forecasting
third quarter 2009 diluted income per share from continuing operations to be in a range of $0.39 to $0.51.