Stanley Black & Decker (NYSE: SWK), New Britain, CT, reported sales for the third quarter of $3.3 billion, a 14.2 percent increase over the same period a year ago. Profit increased 10.2 percent to $274.2 million.
Tools & Storage sales for the quarter increased 22.2 percent year-over-year to $2.3 billion. Industrial segment sales increased 8.9 percent to $503.6 million. And security sales decreased 8.8 percent to $476.8 million.
For the first nine months, sales were up 10 percent to 9.3 billion. Profit was $944.5 million, up 33.1 percent over the same period in 2016.
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