Stanley Black & Decker sees fourth-quarter growth

Updated Feb 19, 2013

Stronger sales, higher prices and a recent acquisition helped boost Stanley Black & Decker’s fourth-quarter profit nearly 20 percent, the company says.

The tool maker reported after the market closed that it earned $165.3 million, or 99 cents per share, for the quarter. That’s up from $137.8 million, or 81 cents per share, in the same quarter last year.

After adjusting for $83.7 million in one-time charges related to mergers and acquisitions, the company earned $1.36 for the period versus $1.07 last year. Black & Decker’s total revenue increased 17 percent to $2.79 billion for the quarter, with stronger revenue across all of its business lines.

The company earned $674.6 million, or $3.97 per share, for the full year. That’s up from $198.2 million, or $1.24 per share, in the prior year. Its revenue was $10.38 billion, up from $8.34 billion in 2010.

Stanley Black & Decker makes hand tools, locks, fasteners and other hardware products.

– The Associated Press

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