Organic Growth was 4% for the quarter. Fourth-quarter GAAP EPS Was $1.71, Down 4% From prior year as higher restructuring, currency headwinds and growth investments more than offset operational performance and a lower tax rate.
Stanley Black & Decker announced, in 2017, the company expects to generate another year of above-market organic growth, with growth approaching 4%, and EPS of $6.85 to $7.05, up approximately 7% at the mid-point versus prior year, excluding the estimated earnings per share impacts of the Newell Tools, Mechanical Security and Craftsman transactions.
Stanley Black & Decker's CEO, James Loree, stated "As we look ahead, we are expecting another strong year in 2017.
"Certainly, there are significant challenges from a currency and geopolitical perspective, but we are confident in our ability to manage through these uncertainties and focus on solid execution.
"Stanley Black & Decker's SFS 2.0 operating system, with its focus on core innovation, breakthrough innovation, digital and commercial excellence and functional transformation, gives us the framework from which to operate to deliver top quartile results." ■
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