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Last $100.50 USD
Change Today -0.23 / -0.23%
Volume 975.7K
SWK On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

stanley black & decker inc (SWK) Key Developments

Stanley Black Seeks Acquisitions

Stanley Black & Decker, Inc. (NYSE:SWK) is looking for acquisitions.

Stanley Black & Decker, Inc. Reports Unaudited Consolidated Earnings Result for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015

Stanley Black & Decker, Inc. reported unaudited consolidated earnings result for the second quarter and six months ended June 30, 2015. For the quarter, the company’s net sales were USD 2,866.9 million against USD 2,860.1 million a year ago. Income from operations was USD 357.2 million against USD 337.1 million a year ago. Earnings from continuing operations before taxes were USD 314.0 million against USD 296.8 million a year ago. Net earnings from continuing operations were USD 235.5 million against USD 222.7 million a year ago. Net earnings from continuing operations attributable to common shareowners was USD 235.7 million or USD 1.54 per diluted share against USD 221.8 million or USD 1.39 per diluted share a year ago. Net earnings attributable to common shareowners were USD 227.2 million or USD 1.49 per diluted share against USD 216.5 million or USD 1.36 per diluted share a year ago. Net cash provided by operating activities was USD 312.6 million against USD 437.2 million a year ago. Capital and software expenditures were USD 65.7 million against USD 61.4 million a year ago. Free cash flow was USD 247 million. For the six months, the company’s net sales were USD 5,496.9 million against USD 5,477.2 million a year ago. Income from operations was USD 619.2 million against USD 595.7 million a year ago. Earnings from continuing operations before income taxes were USD 535.3 million against USD 514.7 million a year ago. Net earnings from continuing operations were USD 401.5 million against USD 392.6 million a year ago. Net earnings from continuing operations attributable to common shareowners was USD 402.5 million or USD 2.60 per diluted share against USD 391.5 million or USD 2.46 per diluted share a year ago. Net earnings attributable to common shareowners were USD 389.5 million or USD 2.51 per diluted share against USD 378.4 million or USD 2.37 per diluted share a year ago. Net cash provided by operating activities was USD 115.1 million against USD 285.2 million a year ago. Capital and software expenditures were USD 111.6 million against USD 119.2 million a year ago. Normalized earnings from continuing operations before income taxes were USD 514.9 million against USD 456.4 million a year ago. The company raised the range of its 2015 EPS outlook to USD 5.70 to USD 5.90 from USD 5.65 to USD 5.85 on a GAAP basis. The company maintained its free cash flow outlook of at least USD 1 billion, however, the company is closely monitoring the relatively higher working capital levels experienced in the first half of the year to ensure the company's working capital is adequate to service the higher organic growth expectations, which could modestly pressure free cash flow. The company's current 2015 EPS outlook reflects the strong first half performance and improved full-year organic outlook within Tools & Storage and to a lesser extent its Engineered Fastening business, combined with additional indirect cost actions which, in the aggregate, are expected to more than offset Security's slower improvement.

Stanley Black & Decker, Inc. Announces Quarterly Cash Dividend, Payable on September 22, 2015

Stanley Black & Decker announced that its Board of Directors approved a $0.03 increase of its quarterly cash dividend to $0.55 per common share. The dividend is payable on September 22, 2015 to shareholders of record as of the close of business on September 4, 2015.

Stanley Black & Decker Announces Executive Appointments

Riaan Olivier has been appointed as head of South African business, and Francois Géradin has been appointed as head of African business for Stanley Black & Decker. Previously Olivier was the MD for sub-Saharan Africa of United Technologies Fire (UTC Fire and Security). In this role he managed the complete commercial business, logistics, human resources, finance and general operations. Olivier was responsible for business development in the entire region on specification and an end-user level and vastly increased the channel footprint. Prior to this he was the commercial manager of sales and marketing at Schneider Electric, based in Midrand. In addition, he has worked in marketing at Electrical Distribution Systems, as an engineer at Protek Network Management (Viziqor Systems), and in management in Independent Technology Systems and Telkom.

Stanley Black & Decker, Inc. to Report Q2, 2015 Results on Jul 30, 2015

Stanley Black & Decker, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 30, 2015

 

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Industry Analysis

SWK

Industry Average

Valuation SWK Industry Range
Price/Earnings 18.3x
Price/Sales 1.3x
Price/Book 2.7x
Price/Cash Flow 20.0x
TEV/Sales 0.9x
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