Stanley Black & Decker (NYSE: SWK), New Britain, CT, reported sales for the second quarter of $3.2 billion, a 10.1 percent increase over the same period a year ago. Profit increased 2.2 percent to $277.2 million.
Tools & Storage sales for the quarter increased 17 percent year-over-year to $2.3 billion. Industrial segment sales increased 7.1 percent to $496.3 million. And security sales decreased 11.9 percent to $473.7 million.
For the first six months, sales were up 7.7 percent to 6 billion. Profit was $670.3 million, up 45.7 percent over the first half of 2016.