|
|
Article: ITW Reports 22 Percent Growth in Diluted Net Income Per Share for the 2006 First Quarter; Revenues Increased 8 Percent and Operating Income Grew 18 Percent; Operating Margins of 16.4 Percent Improved 140 Basis Points in the Quarter; Company Raises Full-Year Earnings Guidance.
- Article from:
- PR Newswire
- Article date:
- April 20, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
GLENVIEW, Ill., April 20 /PRNewswire-FirstCall/ -- Illinois Tool Works Inc. today reported 22 percent growth in diluted net income per share in the 2006 first quarter. Diluted net income per share was $1.29 compared to $1.06 in the 2005 first quarter. In addition, the Company's first quarter revenues increased 8 percent, operating income grew 18 percent and net income rose 17 percent.
The significant growth in diluted net income per share in the first quarter was primarily due to strong ongoing end market demand for a variety of the Company's specialty systems and engineered products in North America. Total base revenues increased 6.1 percent in the quarter. ...