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.)

Industrial 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.