The purchase gives the EDGE distribution network a foundation of growth in Latin America.
Day: July 24, 2012
For the first six months, sales increased 16.6 percent year-over-year.
The company divested two businesses in June.
With the acquisition of Infastech, Stanley Black & Decker will significantly increase its sales in the Asia-Pacific region.
Including acquisitions, sales rose 13 percent.
Profit rose 48 percent.
North American revenues for ITW were up 5.3 percent.
Slowdown in sales growth driven by softness in data infrastructure market.
The addition will be housed with the New Jersey-based Van-Air division.
Expectations for revenue growth in 2012 continued to decline in the second-quarter 2012 MDM/Baird Distribution Survey. On average, survey respondents expect revenue growth of 5.2 percent for the full-year 2012, compared with 5.6 percent in the first-quarter survey. Respondents expect revenues to increase by an average of 5.5 percent in the third quarter.
Actual revenue growth for the second quarter exceeded expectations, with an average increase of 7.5 percent compared with the forecast 7 percent. Cutting tools, PVF – industrial & energy, and safety products saw the greatest growth, while respondents in janitorial/sanitation and plumbing sectors reported...