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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.
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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.