Engineered Fastening organic growth at Stanley Engineered Fastening climbed 26% in the second quarter of 2021 “as strong automotive and general industrial markets were partially offset by weaker aerospace demand in addition to automotive OEM production impacts from the global semiconductor shortage.”

Consolidated Stanley Black & Decker sales during Q2 jumped 37% to $4.3 billion from volume (+31%), price (+2%) and currency (+5%) gains. The gross margin was 35.9%.

Capital and software expenditures rose significantly to $105.1 million during Q2.

“We enter the second half of 2021 with positive momentum and a portfolio that is well positioned to benefit from the key trends that are driving our growth: the consumer reconnection with the home and garden, eCommerce, electrification and health and safety,” stated CEO James Loree.

First-half Industrial segment sales, including fastener results, climbed 13.7% to $1.26 billion, with segment profit more than doubling to $163.6 million. Web: StanleyBlackandDecker.com