January 28, 2008
Stanley Works Q4 revenues up 15 percent
Net sales for New Britain-based Stanley Works rose by 12 percent in 2007, up to $4.5 billion for the year, according to financial results released today.
Much of those gains came from acquisitions and currency, and the strongest areas of growth took place in the worldwide tool supplier's industrial and security segments. Net sales for the fourth quarter were $1.2 billion, up 15 percent over the previous year.
Stanley Works' management expects to deliver earnings of $4.20-$4.40 per fully diluted share, an increase of 5 to 10 percent over 2007 earnings.
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