Stanley Black & Decker, Inc.

Construction and DIY (CDIY) business performed "admirably" for Stanley Black & Decker during its second quarter. But the real new news, according to President and COO James Loree was "the emergence of solid organic growth in industrial and a growing order book in security."

Stanley posted second quarter revenues of $2.9 billion, an increase of 12%. Net earnings increased to $187.1 million, up 20.1% from the same quarter last year.

Thanks to the inclusion of Black & Decker's performance in the combined results of Stanley Black & Decker, the New Britain, Conn.-based tool maker reported a 142.8% jump in fourth-quarter net income to $178.0 million, up from $73.3 million.

Sales for the quarter were $2.4 billion, up 149% compared with $969.4 million for the same period last year.

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. 

In 1979, Frank Blake was a lawyer in the nation’s capital. Jimmy Carter was in...