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Illinois Tool Works Inc. reported a 131 percent improvement in its 2010 second quarter income over the 2009 second quarter. The company reported diluted income per share of $0.83 for the second quarter 2010, despite a higher than expected tax rate.

The company’s second quarter revenues of $4.076 billion were 20.1 percent higher than the year-ago period. Base revenues grew 15.1 percent in the second quarter, with North American base revenues increasing 15.8 percent and international base revenues growing 14.2 percent. Acquisitions and currency translation added 3.0 percent and 2.3 percent, respectively, to second quarter revenues. Second quarter operating income of $652.7 million was 95 percent higher than the year-ago period.

“Our very strong second quarter operating performance was due to a combination of better than expected end market demand as well as contributions from restructuring programs over the past two years,” says David B. Speer, chairman and chief executive officer of Illinois Tool Works. “Notably, end markets associated with the automotive OEM, industrial packaging, welding, electronics and polymers and fluids businesses all showed strength in the quarter.”

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