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Stanley Black & Decker Q1 profit increases 108%

Stanley Black & Decker
Stanley Black & Decker   Revenues totaled $2.8 billion

Stanley Black & Decker increased its 2017 GAAP EPS guidance range To $7.95 to $8.15 from prior range of $7.63 To $7.83; and increased adjusted EPS guidance range to $7.08 To $7.28 from prior range of $6.98 To $7.18.


For the first-quarter, excluding M&A related charges and gain on divestitures, EPS was $1.29. Revenues totaled $2.8 billion, up 5% from last year fueled by 5% organic growth.

The company said its bottom line rose to $393.1 million, or $2.59 per share. This was higher than $189.4 million, or $1.28 per share, in last year's first quarter.

The company said revenue for the quarter rose 5.2% to $2.81 billion. This was up from $2.67 billion last year.


 

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