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SWK shows double-digit growth

BY Ken Clark

Stanley Black & Decker’s fourth quarter and full year benefited from sales volume and the impact of acquisitions.

Fourth-quarter sales for one of the nation’s iconic tool brands increased 17% to $2.8 billion, with the company’s construction and DIY business (CDIY) showing organic growth of 8%.

The company’s fourth-quarter gains were attributable to volume (up 5%), price (up 1%) and the impact of acquisitions (11%).

“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 Stanley Black & Decker’s president and CEO, John F. Lundgren.

Earnings for the fourth quarter were $165.3 million, up from $137.8 million in the fourth quarter last year. 

For the full year, Stanley’s sales increased 12% to $10.4 billion. Net earnings increased to $674.6 million, up from $198.2 million in 2010.

The CDIY segment is expected to produce low single-digit organic revenue growth in 2012. While weakness is expected in Europe, modest growth in North America and strength in Latin America and Asia are expected, the company said.

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Apr-12-2012 02:57 pm

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R.arena says:
Feb-01-2012 02:55 pm

So what is "organic growth"
So what is "organic growth" anyway? Stanley, Black&Decker made money in the 4th quarter by promoting a large line of Christmas presents, which is fine, good for them, but that is it.

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Readers Respond: The mortgage-meltdown task force

BY HBSDEALER Staff

An article in yesterday’s HCN Monday about President Obama’s plan to investigate the mortgage mess generated a wide range of opinions. 

"While banks have a good share of the blame in the mortgage meltdown — and the subsequent foreclosure issues — no investigation can be complete without investigating the role the government played in pressuring banks to reduce down payment requirements and reduce lending standards in the name of eliminating profiling. This had a result of allowing people, regardless of ethnicity, to wind up with unsustainable mortgages. I have little hope that any commission will address this issue."
— David Ward

"Obama and his joint federal and state task force will do nothing but spend more of the tax payers money."
— Wayne E. Ridout
Ridout Lumber Co.
Searcy, Ark.

"What are the chances that the joint federal and state task force will punish those responsible for the mortgage meltdown? None."
— Shannon Ramey

"What are they going to do, investigate all of the home buyers who knew that they couldn’t afford what they were buying? It’s about time for this nation to get back to self-government and personal responsibility."
— Anonymous 

The federal government better look in the mirror and clean house before it wants to pin this problem on the banks. They should not waste any more of our money; let the market work it out.
— Mark Schaefer
VP operations
Global Product Sourcing

"If the investigation brings up certain individuals doing wrong, then they have to go to prison. The only way to stop this in the future is personal responsibility in the form of imprisonment."
— Ed Deiss

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Jan-31-2012 05:28 pm

Between 1942 when bank
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Cool Energy House celebrates efficiencies

BY HBSDEALER Staff

The Building America Retrofit Alliance is promoting the Cool Energy House, described as a "deep-energy remodeling project" optimized for peak energy performance.

The purpose of the project is to bring attention to the new energy-efficient systems and strategies that can impact traditional remodeling projects. 

Among the peak performance energy measures of the Cool Energy House — located at 11068 Bayshore Drive, Windermere, Fla. — are pool pump replacement, sealed attic, shading, energy efficient lighting, cool roofing, ventilation and dehumidification.

The Department of Energy and the National Renewable Energy Labortory are among the organizers of the Building America Retrofit Alliance.

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