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For the full year 2011, sales were $10.4 billion, up 25 percent versus the prior year (up 12 percent on a pro forma basis). Profit was $674.6 million, compared to year-ago profit of $198.2 million.
In the CDIY segment, fourth-quarter organic sales grew 8 percent. Organic growth of 7 percent in North America combined with 19 percent volume growth in Latin America more than offset softer volumes in Europe. Including the Pfister acquisition, net sales increased 6 percent year over year.
Net sales in Security increased 49 percent versus a year ago due to acquisition growth (+48 percent) and price (+1 percent). Unit volume was flat to the prior year, as was the impact from currency. The Convergent Security Solutions (CSS) business was up 4 percent organically due to mid-single digit organic growth in the U.S., France and the U.K.
Organic sales in the Industrial segment rose 7 percent. Unit volumes grew 6 percent, price increased 1 percent, while currency was flat. Acquisitions added 2 percent, bringing total sales growth to 9 percent for the quarter. Organic sales for the Industrial and Automotive Repair (IAR) platform grew 9 percent, due to strength in industrial, mobile distribution and storage.