Stanley Black & Decker posted a 9% increase in revenues for the first quarter of 2011, after taking into account the previous year's merger. Net sales for the first quarter were up 89% when compared to year-ago results, totaling $2.4 billion. Gross margin rates for the first quarter were 37.1%, a decrease from previous years as a result of inflation. Expenses stayed constant at 25.4% from last year to this year. Stanley Black & Decker posted positive profits for each of its segments for the first quarter of 2011. Profits for CDIY, Security, and the Industrial segments were $156.5 million, $72.7 million, and $106.9 million respectively. Sales for these segments were $1.2 billion, $557 million, and $613 million respectively for CDIY, Security, and Industrial segments.
Stanley Black & Decker posted an 11% increase in pro forma revenues for the third quarter of $2.4 billion. Pro forma organic revenues increased 8% as compared to year-ago results. These sales figures represent a 153% increase in net sales from the previous year. Driving these gains was a 10% increase in unit volume sales.Stanley Black & Decker posted increases in both sales and profit for all business segments. CDIY sales increased by 294% to $1.3 billion and profit increased by 251% to $170 million. Security sales increased by 40% to $563 million and profit increased by 16% to $97 million. Finally, industrial sales increased by 152% to $517 million and profit increased by 327% to $80 million. 10/20/2010 Price: $62.36 Stanley Black & Decker posted an 11% increase in pro forma revenues for the third quarter of $2.4 billion. Pro forma organic revenues increased 8% as compared to year-ago results. These sales figures represent a 153% increase in net sales from the previous year. Driving these gains was a 10% increase in unit volume sales.Stanley Black & Decker posted increases in both sales and profit for all business segments. CDIY sales increased by 294% to $1.3 billion and profit increased by 251% to $170 million. Security sales increased by 40% to $563 million and profit increased by 16% to $97 million. Finally, industrial sales increased by 152% to $517 million and profit increased by 327% to $80 million.10/20/2010Price: $62.36
Stanley Black & Decker posted an 11% increase in pro forma revenues for the third quarter of $2.4 billion. Pro forma organic revenues increased 8% as compared to year-ago results. These sales figures represent a 153% increase in net sales from the previous year. Driving these gains was a 10% increase in unit volume sales. Stanley Black & Decker posted increases in both sales and profit for all business segments. CDIY sales increased by 294% to $1.3 billion and profit increased by 251% to $170 million. Security sales increased by 40% to $563 million and profit increased by 16% to $97 million. Finally, industrial sales increased by 152% to $517 million and profit increased by 327% to $80 million.
SWK's Q4 earnings decreased from $92.3 million ($1.11 per share) 1 year ago to $1.1 million (1 cent per share) in their current Q4.
SWK reports it will cut 10% of its workforce due.to lower construction and industrial segment production.
Stanley Works buys security system developer Xmark, a subsidiary of Verichip. Xmark specializes in RFID systems used to track and protect people and assets, including infants and hospital wanderers. Stanley bought all outstanding Xmark shares for $45 million.
Stanley Works announces FY 2007 and 4Q07 financial results at the NYSE. In 2007, SWK reported 15% increase in sales and free cash flow was a company-record $457 million. In 4Q07, $200 million in shares were repurchased.
