Stanley Black & Decker Revenues Up 12% in 2011
Jan 26, 2012
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Power tools maker Stanley Black & Decker revenues were $10.4 billion in 2011, up 12% from 2010, with unit volumes accounting for 4% of the increase, revenues from acquisitions 6%, and currency 2%.
Organic revenues in emerging markets were up 50%, led by Latin America.
The company's CDIY (Construction/Do-It-Yourself) business segment, selling hand and power tools, had 2011 sales of $5,237 million and profits of $681.6 million.
The company expects organic net sales to increase 1-2% in 2012, including synergies from the Black & Decker merger (Stanley and Black & Decker merged in 2010).
The company has said it expects to eventually see $115 million in cost synergies related to the Black & Decker merger and $45 million due to its planned 2012 acquisition of security integration firm Niscayah.
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