Operating revenue rose 8.8 percent for the three months ended October 31. This growth was primarily driven by acquisitions and currency translation. Proven strong acquisition performance in the past was part of my thesis for this acquiring this position. I believe there is tremendous value within the industry and ITW will be able to benefit from this. Base revenues did fall into negative territory because of the continued softening within the North American and European end markets. ITW did trim the top end of their guidance to $3.32. Management believes full year diluted EPS could range from $3.24 to $3.32 assuming a total revenue growth of 10 to 11 percent. Below is the segment operating revenue breakdown Y/Y.
*Industrial Packaging: +10.6 %
*Power Systems and Electronics: + 3.4 %
*Transportation: +11.0 %
*Construction Products: - 4.5 %
*Food Equipment: + 6.9 %
*Polymers and Fluids: +52.2 %
*All Other: + 6.0 %
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