Financial

  • Stanley Black & Decker reports 5% organic growth in Q1

    Stanley Black & Decker zeroed in on the 5% organic growth it achieved in the first quarter, even if currency translation effects reduced its net sales growth to 2% over last year.

    Total revenues came in at $2.7 billion for the quarter, with diluted EPS of $1.28 up 20% year-over-year.

    Net earnings of $189.4 million also represented an improvement over the prior year's $162.3 million.

    Meanwhile, the gross margin rate decreased from 37.0% last year to 36.6%, owing to price, productivity, cost actions and commodity deflation.

  • Sales soar at Central Garden & Pet Co.

    Central Garden & Pet Company reported its highest quarterly revenues in the company's history.

    The Walnut Creek, California-based marketer and producer of lawn and garden and pet supplies reported second-quarter sales of $541.2 million, up 8.8% from $497.6 million in the same quarter last year.

    Net income increased 40.7% to $32.7 million compared to $23.2 million in the second quarter a year ago.

    The company also posted its highest quarterly earnings per share in ten years.

  • Central Garden & Pet muscles into the third quarter

    Central Garden & Pet Company celebrated double-digit growth in its third quarter, with particularly impressive growth in its Pet segment.

  • Stanley Black & Decker gets a 10% boost in Q2

    Stanley Black & Decker had double-digit growth to report in the second quarter, with a large portion of that resulting from organic growth.

    Quarterly revenue totaled $3.2 billion, up 10% year-over-year. Growth in volume and acquisitions helped to offset divestitures, price, and currency impacts, and there was 7% organic revenue growth across the board.

    Net earnings came in at $277.2 million, up from $271.5 million in the year-ago quarter.

  • Pet drives growth for Central Garden & Pet in Q2

    Central Garden & Pet Company reported a net sales boost of 5.3% in the second quarter, much of which was driven by strength in its Pet segment.

    Net sales for the quarter ended March 25 were $569.9 million, up from $541.2 million in the second quarter of 2016.

    The boost was largely due to an 8.4% increase in net sales for the Pet segment, which in turn was driven primarily by the recent Segrest acquisition. Organic pet sales grew by 1.3%.

  • Stanley Black & Decker posts sales gains

    With a stated objective of doubling the size of the company by 2022, and coming off the announcement of a plan to buy the Craftsman brand from Sears, Stanley Black & Decker reported fourth quarter and full year sales gains.

    Company-wide, net sales increased 2.6% to $2.92 billion in the fourth quarter. Net earnings declined 3.9% to $265.5 million.

    In the tools & storage division, net sales increased 6% in the fourth quarter.

  • Central Garden & Pet locks in double-digit growth in 2016

    Central Garden & Pet Company had double-digit sales growth to report for its full fiscal year in 2016 -- and decent figures for the fourth quarter as well.

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