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Stanley Black and Decker tool sales rise in Q2 2015
Global SourcesUpdated on 2023/12/01
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The Connecticut-based tool manufacturer and provider's operating leverage was strong across all business units.
Stanley Black and Decker reached net sales of $2.9 billion in the second quarter of 2015. Net earnings of $227.2 million were up by $200.7 million from the same period last year.
There was an increase of 4 percent in sales for the Tools & Storage segment, with 14, 7 and 5 percent gains in North America, Europe and the emerging markets, respectively. It was also the fourth consecutive quarter of double-digit growth for tools and storage in North America. On the other hand, the Security and Industrial segments saw a 7 and 4 percent net sales decline.
The company expects its 2015 EPS (earnings per share) to be between $5.70 and $5.90.
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