GLENVIEW, IL – Illinois Tool Works today reported an operating revenue increase of 11% for the three months ended Nov. 30 versus the year-ago period.
Organic revenues contributed 9% to total revenue growth in the third quarter. In addition, acquisitions added 3% to top-line growth.
Sales at the company’s Power and Electronics unit were up 22.8%. The segment includes Speedline Technologies, Kester Solder, Vitronics-Soltec and other leading electronics manufacturing suppliers.
The 2010 fourth-quarter forecast assumes a total revenue growth range of 7% to 9%.
For full-year 2010, ITW forecasts a revenue growth range of 13% to 14%.