Posted January 22, 2019

Stanley Black & Decker sales climb 8 percent

Stanley Black & Decker reported sales of $3.6 billion in its fourth quarter pushed sales for the full year to $14 billion, an 8 percent increase.

Organic sales increased by 5 percent for the year.

Net earnings of $645 for the year, or $4.26 per diluted share, compared to earnings of $1.2 billion, or $8.05, the previous year.

Tools & Storage net sales increased 4 percent in the fourth quarter compared to the same period last year. North America organic growth of 10 percent was driven by new product innovation, the rollout of the Craftsman brand and price realization.

Industrial net sales increased 14 percent versus the fourth quarter of 2017. Infrastructure organic revenues were up 18 percent, primarily due to stronger North American pipeline project activity in oil & gas as well as higher hydraulic tools volumes.

Security net sales declined 1 percent compared to the previous year's fourth quarter. North America organic growth declined 2 percent, as higher volumes within automatic doors and healthcare were offset by lower installations in commercial electronic security.