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Stanley Black & Decker Q4 earnings $1.78 per share

Stanley Black & Decker
Stanley Black & Decker   Organic revenue in the quarter grew by 1%

Stanley Black & Decker announced full year and fourth quarter 2015 financial results. Earnings from continuing operations of $1.78 per share in fourth-quarter 2015.


Stanley Black & Decker generated revenues of $2,845.4 million. Organic revenue in the quarter grew by 1%, offset by 6% negative impact from foreign currency movements.

Tax rate was 12.7% compared to the 4Q'14 rate of 17.6% as a result of adjustments to tax positions relating to undistributed foreign earnings and the impact of certain net operating losses that have become realizable.

Average diluted shares outstanding for the quarter were 150.0 million versus 160 million a year ago, reflecting the impact of share actions.

 

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