ITW said Monday, its base revenues slid 16 percent on weakness in North America, Europe and Asia. The company posted a 6 percent decrease in contributions from currency translation. Acquisitions helped revenue by 7 percent in the period.
ITW did reaffirmed its first-quarter and full-year 2009 guidance. For the full year, ITW anticipates earnings in a range of $1.84 to $2.48 per share. The guidance assumes a sales decline of 6 percent to 12 percent.