Stanley Black & Decker Reports Sales of $2.4B in 4Q - Modern Distribution Management

Log In

Stanley Black & Decker Reports Sales of $2.4B in 4Q

On a pro forma basis, Stanley organic sales increased 5 percent in the fourth quarter.
Author
Date

Stanley Black & Decker (NYSE: SWK), New Britain, CT, reported fourth-quarter sales were $2.4 billion, up 149 percent due to the inclusion of Black & Decker’s results (+133 percent), unit volume (+5 percent), other acquisitions (+12 percent) and the impact of currency translation (-1 percent). On a pro forma basis, Stanley organic sales increased 5 percent.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

Profit for the fourth quarter was $137.8 million.

Full-year sales were $8.4 billion, up 125 percent versus prior year due to the inclusion of Black & Decker’s results (+114 percent), unit volume (+5 percent), and other acquisitions (+6 percent).

Sales in the emerging market countries grew 29 percent on a pro forma basis, led by growth in Latin America.

Black & Decker Integration Update
When the combination of Stanley Black & Decker was announced, management provided a cost synergy target of $350 million to be achieved by year three after the closing of the deal (March 2013). With the announcement of earnings for 2010, management updated the estimate to $425 million in cost synergies by the end of 2012.

Additionally, management is targeting to achieve approximately $300 – $400 million in revenue synergies by the end of 2013 driven by brand expansion, increased access to global markets through established distribution channels and cross-selling opportunities.

For more details, visit the Stanley Black & Decker website.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.