Stanley Black & Decker zeroed in on the 5% organic growth it achieved in the first quarter, even if currency translation effects reduced its net sales growth to 2% over last year.
Total revenues came in at $2.7 billion for the quarter, with diluted EPS of $1.28 up 20% year-over-year.
Net earnings of $189.4 million also represented an improvement over the prior year's $162.3 million.
Meanwhile, the gross margin rate decreased from 37.0% last year to 36.6%, owing to price, productivity, cost actions and commodity deflation.