Stanley Black & Decker (NYSE: SWK), New Britain, CT, reported sales for the third quarter of $2.8 billion, an increase of 10 percent compared to the same period a year ago. Organic sales increased 4 percent. Profit increased 44.1 percent to $166 million.

“Growth was robust across the portfolio with our CDIY and industrial segments posting another strong organic growth quarter, and with the exception of Europe, security also achieved solid, mid-single digit organic growth. Within security, we are gaining further traction with our verticals initiative based on recent order activity and are encouraged by the sequential growth and margin improvements in this segment during the quarter," said CEO John F. Lundgren.

For the first nine months, sales were $8.1 billion, an increase of 8.1 percent compared to the same period a year ago. Profit increased 10.8 percent $434.2 million.