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Stanley Black & Decker's sales creep up 0.5% in Q1
Stanley Black & Decker had modest growth to report during the first quarter of 2015, with revenue growth of 0.5% attributable to price and volume increases offset by the negative impact of currency.
Net revenue for the quarter came in at $2.63 billion, which included organic growth of 8% tempered by a 7% currency impact.
Net earnings of $162.3 million also represented a marginal improvement over last year's $161.9 million.
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Central Garden & Pet acquires aquarium fish wholesaler
Central Garden & Pet Company has acquired Segrest Inc. for $60 million in cash.
Segrest is a wholesaler of aquarium fish and has been in business for 55 years. The acquisition is not expected to be dilutive to earnings in fiscal 2017 and accretive thereafter.