GLENVIEW, Ill. – Illinois Tool Works Inc. (ITW) today reported first quarter 2012 diluted income per share from continuing operations of 97 cents.
The company reported total revenues of $4.55 billion, an increase of 6.4 percent. (…)
(…) ITW also continued to divest non-core assets as part of its longer-term portfolio strategy. The company concluded the sale of its $375 million finishing business to Graco Inc. on April 2 in a $650 million cash transaction. The estimated pre-tax gain of $450 million will be recorded in the second quarter as part of discontinued operations.
via ITW Reports 2012 First Quarter Results: aftermarket News.