Stanley Black & Decker, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended January 3, 2015; Provides Financial Guidance for the Year 2015
January 29, 2015 at 04:30 pm IST
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Stanley Black & Decker, Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended January 3, 2015. For the quarter, the company reported net sales of $2,982.5 million against $2,880.6 million a year ago. Income from operations was $307.9 million against $98.5 million a year ago. Earnings from continuing operations before income taxes were $265.7 million against $60.2 million a year ago. Net earnings from continuing operations were $219.0 million against $70.4 million a year ago. Net earnings from continuing operations attributable to common shareowners were $219.3 million or $1.37 per share diluted against $70.5 million or $0.44 per share diluted a year ago. Net earnings attributable to common shareowners were $145.8 million or $0.91 per share diluted against $56.1 million or $0.35 per share diluted a year ago. Net cash provided by operating activities was $747.3 million against $731.7 million a year ago. Capital and software expenditures were $111.6 million against $95.0 million a year ago.
For the year, the company reported net sales of $11,338.6 million against $10,889.5 million a year ago. Income from operations was $1,248.4 million against $734.9 million a year ago. Earnings from continuing operations before income taxes were $1,084.8 million against $587.6 million a year ago. Net earnings from continuing operations were $857.7 million against $519.0 million a year ago. Net earnings from continuing operations attributable to common shareowners were $857.2 million or $5.37 per share diluted against $520.0 million or $3.28 per share diluted a year ago. Net earnings attributable to common shareowners were $760.9 million or $4.76 per share diluted against $490.3 million or $3.09 per share diluted a year ago. Net cash provided by operating activities was $1,281.6 million against $868.0 million a year ago. Capital and software expenditures were $291.0 million against $340.3 million a year ago.
The company provided financial guidance for the year 2015. For the year, the company expects EPS to be in the range of $5.65 to $5.85 on a GAAP Basis (Inclusive Of $0.25 In Restructuring Charges). The tax rate will be relatively consistent with the 2014 rate. Free cash flow is expected to be at least $1 billion.
Stanley Black & Decker, Inc. specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Net sales break down by family of products as follows:
- electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators , grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.);
- industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc.;
- access and security products (12.7%): automatic doors, door closers, emergency exit devices, locking mechanisms, integrated security devices, etc.
Net sales are distributed geographically as follows: the United States (60.5%), Canada (4.7%), Americas (4.2%), France (4%), Europe (19.2%) and Asia (7.4%).
Stanley Black & Decker, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended January 3, 2015; Provides Financial Guidance for the Year 2015
STANLEY BLACK & DECKER, INC. 
