News 

Stanley Black & Decker Reports 1Q’12 Results

2012-05-07

The U.S largest hardware and power tool business Stanley Black＆Decker recently announced the net sales of 1Q'12 increased 12% to US$2.7 billion, attributable to volume(+2%), price(+1%), currency(-1%) and acquisitions(+10%). The organic revenues increased up 3% and the 1Q'12 diluted GAAP EPS, including M&A charges, was US$0.72. Excluding M&A charges, the 1Q'12 diluted EPS was US$1.09.  2012 FY guidance is for 10-15% EPS growth and 20% free cash flow growth reiterated, as well as key operating assumptions supporting guidance. The gross margin rate for the first quarter of 2012 was 37.2%. Excluding M&A charges, the gross margin rate was 37.4%, flat to prior year, as anticipated carryover inflation was offset by productivity projects, price and cost synergies.