-
Stanley Black & Decker contributes $1 million to ToolBank
It's the largest pledge to date for ToolBank USA, the non-profit organization that provides tools -- from hand tools to hoses -- to volunteer organizations working to improve their communities.
Stanley will pay ToolBank USA $1 million over the next five years.
"This donation is about helping a strong, smart organization to bring its phenomenal work to even more communities across the country," said Tim Perra, global communications director, Stanley Black & Decker.
-
Sales rise at Stanley Black & Decker
Stanley Black & Decker, the New Britain, Conn.-based manufacturer of tools, security hardware and other products for the home, reported revenues of $2.6 billion for the third quarter of 2011, an 11% rise from sales of $2.3 billion in the same quarter a year ago. The company attributed the gains to 4% organic growth, 3% from currency and 4% from acquisitions.
Net earnings reported for the quarter were $155 million, compared with $123 million in the third quarter of 2010.
