Stanley Black & Decker Delivers Growth Despite Challenges
Investors this week lauded diversified industrial tool manufacturer Stanley Black & Decker (NYSE: SWK) for eking out a revenue advance and chalking up double-digit earnings growth in a tough second quarter of 2019. In earnings released on Tuesday, the maker of both household and commercial tools exhibited resilience in the face of unfavorable currency effects, cost inflation, and tariff duties. Stanley also upheld its full-year bottom-line guidance.
As we discuss the quarter, note that all comparative numbers are presented against those of the prior-year quarter.
Data source: Stanley Black & Decker.
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