Stanley Black & Decker Sales Down 1.5% in 2015 - Modern Distribution Management

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Stanley Black & Decker Sales Down 1.5% in 2015

Fourth quarter sales fell 4.6 percent year-over-year.

Stanley Black & Decker  (NYSE: SWK), New Britain, CT, reported sales for 2015 of $11.2 billion, a year-over-year decrease of 1.5 percent. Organic sales grew 6 percent. Profit increased 16.1 percent to $883.7 million.

For the fourth quarter, sales were $2.8 billion, down 4.6 percent over the same period a year ago, with 1 percent organic growth. Profit increased 82.1 percent to $265.5 million.

Tools & Storage sales for the quarter decreased 3 percent year-over-year to $1.8 billion, with organic growth up in North America (+3 percent), Europe (+6 percent) and emerging markets (+1 percent).

Sales in the industrial segment decreased 7 percent to $477 million. Engineered Fastening organic growth declined 3 percent as strong global automotive revenues were more than offset by lower electronics and industrial volumes.

Security sales decreased 9 percent to $538 million. Organic growth in Europe was up 3 percent, while North America and emerging markets organic growth declined.

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