10/18/2011 12:02:00 AM
NEWS BRIEFS
Stanley Black & Decker Fastener Sales Spark Organic Growth
Stanley Black & Decker reported organic fastener sales growth of 14% during the third quarter of 2011, “significantly outpacing global light vehicle production, which grew 5%.”
The company’s Engineered Fastening business is part of its Industrial segment, which posted a 19% rise in revenue to $642.4 million during Q3, while segment profit improved 31% to $105.8 million.
“Growth in Japan recovered on a sequential basis following the natural disaster in 1Q, but was still mildly weaker on a year over year basis, as expected,” the company stated.
Revenues in Europe and the Americas continued to expand due to new products and increased platform penetration.
Nine-month Industrial segment revenue, including fasteners, climbed 42% to $1.89 billion, while segment profit gained 77% to $310.2 million.
Overall sales at Stanley Black & Decker increased 27% to $7.64 billion during the first nine months of 2011, with profit growing 55% to $1.1 billion.
Stanley Black & Decker reported organic fastener sales growth of 14% during the third quarter of 2011, “significantly outpacing global light vehicle production, which grew 5%.”
The company’s Engineered Fastening business is part of its Industrial segment, which posted a 19% rise in revenue to $642.4 million during Q3, while segment profit improved 31% to $105.8 million.
“Growth in Japan recovered on a sequential basis following the natural disaster in 1Q, but was still mildly weaker on a year over year basis, as expected,” the company stated.
Revenues in Europe and the Americas continued to expand due to new products and increased platform penetration.
Nine-month Industrial segment revenue, including fasteners, climbed 42% to $1.89 billion, while segment profit gained 77% to $310.2 million.
Overall sales at Stanley Black & Decker increased 27% to $7.64 billion during the first nine months of 2011, with profit growing 55% to $1.1 billion. ©2011 GlobalFastenerNews.com
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