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Stanley Black & Decker gets a 10% boost in Q2
Stanley Black & Decker had double-digit growth to report in the second quarter, with a large portion of that resulting from organic growth.
Quarterly revenue totaled $3.2 billion, up 10% year-over-year. Growth in volume and acquisitions helped to offset divestitures, price, and currency impacts, and there was 7% organic revenue growth across the board.
Net earnings came in at $277.2 million, up from $271.5 million in the year-ago quarter.
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Stanley Black & Decker CEO joins Whirlpool board
Appliance maker Whirlpool Corporation’s board of directors has appointed James Loree, president and CEO of Stanley Black & Decker, Inc., to its board of directors.
The move is effective immediately, according to Whirlpool who said that Loree will serve on the board’s audit committee and the corporate governance and nominating committee.
