Tuesday, May 15, 2007

UPDATE 1-ITW reiterates 2nd qtr, full-year profit outlooks

(Reuters) - The manufacturer of fasteners, food-service and welding equipment, countertop materials and other products also said revenue rose 15 percent for the three months ending in April, with strong growth in its international businesses offsetting weakness in some North American sectors.

ITW, based in Glenview, Illinois, said the sales growth consisted of a 10 percent increase from acquisitions, 2 percent from growth in ongoing businesses and 3 percent due to the weak U.S. dollar.


Read more at Reuters.com Market News

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