Stanley Black & Decker enjoys profitable Q2 with 10% sales increase

By Prasun Bose

Stanley Black & Decker has released its financial figures for the second quarter, with the power tools specialist achieving a 10% increase in net sales.

The Connecticut-based manufacturer surpassed expectations by reaching $3.2bn worth of sales in the three months up to the end of June, a 7% rate of organic growth.

This figure exceeded analysts’ predictions and has resulted in Stanley Black & Decker raising its yearly forecast.

Sales of tools and storage were behind the increase, with that particular area of business generating 17% more money than it did in the same quarter in 2016.

See also:

The biggest gains were made in North America and Europe, with a range of new products resulting in a higher volume of transactions.

“Stanley Black & Decker continued to generate impressive results in the second quarter,” said James M. Loree, President and CEO. 

“Each of our businesses contributed to 7% organic revenue growth and the Company posted a strong 15.7% operating margin rate.

“I am pleased with our team's solid execution, and with our continued efforts to become known as a leading innovator, deliver top-quartile financial performance and elevate our commitment to social responsibility.”


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital