1/26/2012 12:53:00 AM
NEWS BRIEFS
Emhart Teknologies Caps Eight Quarters of Strong Growth
Emhart Teknologies, the legacy Black & Decker Engineered Fastening business, delivered its eight consecutive quarter of double-digit sales growth, with organic revenues rising 18%, “significantly outpacing global light vehicle production, which grew 4%.”
Parent company Stanley Black & Decker said fastener revenue in Japan grew “in the mid-teens,” benefiting from a solid rebound in regional automotive production.
“Revenues and profits in Asia, Europe and the Americas expanded with strength due to the ongoing benefits of new products and increased vehicle penetration,” the company stated.
Full-year Industrial segment revenue, including fasteners, rose 32% to $2.5 billion, with profit jumping 56% to $406.3 million. Those results included fourth-quarter segment sales growth of 9.3% to $640.9 million, while profit increased 14% to $97.6 million.
Overall Stanley Black & Decker revenues from continuing operations rose 12% to $10.38 billion, boosted by unit volume (+4%) and acquisitions (+6%). Web: emhart.com ©2012 GlobalFastenerNews.com
Emhart Teknologies, the legacy Black & Decker Engineered Fastening business, delivered its eight consecutive quarter of double-digit sales growth, with organic revenues rising 18%, “significantly outpacing global light vehicle production, which grew 4%.”
Parent company Stanley Black & Decker said fastener revenue in Japan grew “in the mid-teens,” benefiting from a solid rebound in regional automotive production.
“Revenues and profits in Asia, Europe and the Americas expanded with strength due to the ongoing benefits of new products and increased vehicle penetration,” the company stated.
Full-year Industrial segment revenue, including fasteners, rose 32% to $2.5 billion, with profit jumping 56% to $406.3 million. Those results included fourth-quarter segment sales growth of 9.3% to $640.9 million, while profit increased 14% to $97.6 million.
Overall Stanley Black & Decker revenues from continuing operations rose 12% to $10.38 billion, boosted by unit volume (+4%) and acquisitions (+6%). Web: emhart.com ©2012 GlobalFastenerNews.com
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