GLENVIEW, IL -- Illinois Tool Works reported operating revenues rose 11.5% for
the three months ended April 30, largely on translation and acquisitions, and modestly ahead of company expectations.
ITW, which owns Kester, Speedline Technologies, Vitronics-Soltec and several other electronics assembly suppliers, said its Power Systems and Electronics: group was up 8.9% year-over-year.
The company guided for overall second-quarter revenue growth of 9 to 12%, and full-year revenue growth range of 8 to 12%.