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.