The 2020 Mid-Year Economic Update_long

Stanley Black & Decker’s Sales Down 6% in First Quarter

The company reported a 7% organic decline primarily related to impacts from COVID-19.

Stanley Black & Decker (NYSE: SWK), New Britain, Connecticut, reported first-quarter revenues of $3.1 billion, down 6% compared with 2019. The company reported a 7% organic decline primarily related to impacts from COVID-19.

First-quarter sales were $133.2 million, down 21.6% compared to the same period in 2019.

Tools & Storage net sales declined 10% versus the previous year’s quarter and Industrial net sales increased 6%. Security net sales declined 4% versus 1Q'19.

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