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Stanley Black & Decker Reports Record 1Q 2021 Results

Stanley Black & Decker Reports Record 1Q 2021 Results
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NEW BRITAIN, Conn., April 28, 2021 /PRNewswire/ Stanley Black & Decker (NYSE: SWK) today announced first quarter 2021 financial results.
1Q 21 Revenues Totaled $4.2 Billion, Up 34% Versus Prior Year Led By Tools & Storage With All Segments Contributing To 31% Organic Growth
1Q 21 Gross Margin Was 37.3%; Excluding Charges, 1Q 21 Gross Margin Was 37.4% Up 440 Basis Points Versus Prior Year
1Q 21 Operating Margin Was 16.9%; Excluding Charges 1Q 21 Operating Margin Was 17.6%, Up 760 Basis Points Versus Prior Year Driven By Volume, Price, Cost Control And Margin Resiliency
1Q 21 Diluted GAAP EPS Was $2.98; Excluding Charges, 1Q 21 Diluted EPS Was $3.13, Up 161% Versus Prior Year ....

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SBD s Tools and Storage unit saw sales surge 48 percent year-over-year in North America, while Industrial also had solid growth.
Apr 28th, 2021
iStock
Industrial tools, hardware and security products maker Stanley Black & Decker reported its 2021 first quarter financial results on Wednesday, showing continued major year-over-year growth powered largely by the company s Tools & Storage business unit.
The New Britain, CT-based company posted total Q1 sales of $4.2 billion, up 34.1 percent year-over-year and down 4.8 percent sequentially from Q4 2020. Volume represented 29 percentage points of the year-over-year growth, while the company saw organic sales growth of 31 percent. ....

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Stanley Black & Decker Reports Record 1Q 2021 Results

Stanley Black & Decker Reports Record 1Q 2021 Results
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