Stanley Black & Decker Q3 Sales +6%, Lowers Outlook

[Wednesday, October 17, 2012]  Stanley Black & Decker today reported net sales for the third quarter were $2.8 billion, up 6% versus prior year. Both price and volume were relatively flat while currency (-3%) partially offset the contribution from acquisitions (+9%).

Earnings fell to $115.2 million, or 69 cents per share, for the quarter, from $154.6 million, or 92 cents per share, a year earlier. The company said it now expects full-year adjusted earnings of about $5.25 per share, down from its previous forecast of between $5.40 and $5.65 per share. Read More ...