Stanley Black & Decker sales up 17%
Stanley Black & Decker reported fourth-quarter net sales of $2.8 billion, up 17 percent versus prior year.
The tool maker earned $165.3 million, or 99 cents per share, for the quarter. That's up from $137.8 million, or 81 cents per share, in the same quarter last year.
"As we look back on 2011, we are proud of all we accomplished in the face of a choppy and unpredictable global macroeconomic backdrop," said president and CEO John F. Lundgren.
In the construction and do-it-yourself segment, new product introduction, double-digit unit volume growth in emerging markets and successfully implemented revenue synergies drove 8% organic growth for the quarter. The Consumer Power Tool business grew at a high single-digit rate driven by growth in most all regions which offset softness in Europe. Hand Tools, Fasteners & Storage posted solid organic growth in the mid-single digits.
Organic sales in the Industrial segment rose 7%. Organic sales for the Industrial and Automotive Repair (IAR) platform grew 9%, due to strength in industrial, mobile distribution and storage.
For the full year, revenues from continuing operations were $10.4 billion, up 12 percent versus prior year. The company earned $674.6 million, or $3.97 per share, for the full year. That's up from $198.2 million, or $1.24 per share, in the prior year. After adjusting for one-time items, the company earned $5.24 per share this year, versus $4.15 per share last year.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
