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Posted February 4, 2020

Stanley Black & Decker sales grow by 2 percent

Stanley Black & Decker reported net sales for the fourth quarter were $3.7 billion, up 2 percent versus prior year.


Net earnings of $199.1 million, or $1.32 per diluted share, compared to a loss of $106.8 million, or a loss of 72 cents per share, in the same period last year.

Full year revenues totaled $14.4 billion, an increase of 3 percent compared to $13.9 billion in 2018.

Net earnings of $955.8 million, or $6.35 per diluted share, compared to earnings of $605.8 million, or $3.99 per share, the previous year.

By segment, Tools & Storage net sales increased 1 percent versus the fourth quarter 2018 due to volume (+2 percent) partially offset by currency (-1 percent).

Industrial net sales increased 9 percent versus 4Q’18 as acquisitions (+13 percent) were partially offset by lower volume (-4 percent).

Security net sales increased 1 percent versus 4Q’18 as volume (+2 percent) and price (+2 percent) were partially offset by divestitures (-2 percent) and currency (-1 percent).

The company also announced that executive vice president and president of the Tools & Storage business, Jeffery D. Ansell, has elected to transition his responsibilities during the first half of 2020. Jaime A. Ramirez, currently senior vice president and chief operating officer of Tools & Storage, will succeed Ansell effective July 1.

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