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NEW YORK, Oct 22 (Reuters) – Illinois Tool Works Inc
reported a higher quarterly profit on Tuesday as North American
demand offset slow international markets.
The diversified manufacturer of construction materials,
welding equipment and restaurant supplies reported net earnings
of $524 million, or $1.12 per share, compared with $507 million,
or $1.04 per share, a year earlier.
Sales dipped 2 percent to $4.50 billion, hurt by a stronger
dollar, and were below Wall Street estimates of $4.58 billion.
