Engineered Fastening organic growth at Stanley Engineered Fastening rose 9% in the first quarter of 2021 “as double-digit automotive and general industrial growth driven by market rebounds were partially offset by lower volume in aerospace.”

Consolidated Stanley Black & Decker sales during Q1 jumped 34% to $4.2 billion from volume (+29%), price (+2%) and currency (+3%) gains. The gross margin was 37.3%.

Capital and software expenditures increased 6.5% to $88.3 million.

“We generated 31% organic growth leveraging our robust portfolio of innovations coupled with positive secular trends and vibrant markets, significant gross and operating margin expansion supported by our cost actions and margin resiliency program, and record adjusted EPS,” stated CEO James Loree. Web: StanleyBlackandDecker.com