Stanley Black & Decker reported Engineered Fastening organic revenues increased 6% in the third quarter of 2017 “as strong automotive system shipments and volume growth within general industrial markets more than offset declines within electronics.”

Q3 Industrial segment revenues, including Engineered Fastening results, grew 8% to $504 million on higher volumes. Segment profit totaled $93.8 million during the quarter.

“Industrial organic growth of 8% reflects Engineered Fastening’s continued expansion in the automotive and industrial markets, as well as strong growth in both of our infrastructure businesses,” stated CEO James Loree.

Industrial segment sales during the first nine months of 2017 improved 6.2% to $1.47 billion, with segment profit gaining 17.5% to $276.5 million.

Overall Q3 revenues at Stanley Black and Decker rose 14% to $3.3 billion, including organic growth of 7%. Web: StanleyBlackandDecker.com