Stanley Black and Decker Inc. Company’s fourth quarter net income rose by 20%. The company attributed this success to higher prices, stronger sales and an acquisition. The company earned $165.3 million equaling 99 cents per share in the fourth quarter. In the 4th quarter of 2010, the company made 137.8 million equaling 81 cents per share. John F. Ludgren, the president and CEO of Stanley Black and Decker (SWK) said that “We are proud of all we accomplished in the face of a choppy and unpredictable global macroeconomic backdrop. “
The company’s stock took a dip in September, 2011, but since then has risen from $48 to $72, providing a buying opportunity.
There were two important acquisitions that contributed to the company’s success. First, Stanley Works Inc. acquired Black and Decker in 2010 and paid off the company’s debts. Both Stanley works Inc. and the original Black and Decker’s Company manufactured and many types of tools and hardware products. Therefore, the acquisition was natural and economically powerful. Second, earlier in 2011, The Company announced that it would be acquiring a commercial security and monitoring company called Niscayah Group AB.
Some of the directors and managers at Stanley black and Decker are Massimo Grassi, Michael A. Tyll, Jeff Hung-Tse Chen, Ben S. Sihota, Marianne Miller Parrs, John F. Lundgren, Virgis W. Colbert and Nolan D. Archibald.
Disclaimer: The information provided here is preliminary information and is insufficient to formulate investment decisions. All investments should be made only after a thorough analysis of the investment.
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