AndhraNews.net
Home » Features » Companies » Stanley Black & Decker

Stanley Black & Decker


Stanley Black & Decker is an American manufacturer of tools and household hardware and provider of security products and locks.

It is formerly known as The Stanley Works. The company is headquartered in New Britain, Connecticut.

Stanley Black & Decker is the result of the merger of Stanley Works and Black & Decker on March 12, 2010.

Early in October 2012, Stanley Black & Decker announced that it is selling its hardware and home-improvement business to Spectrum Brands Holdings Inc. The deal is worth $1.4 billion.Financials

The third-quarter net income of Stanley Black & Decker fell 26 percent. The quarterly earnings were announced on 17 October 2012. The shares tumbled almost 4 percent in premarket trading. For the period ending September 29, the company earned $115.2 million, or 69 cents per share.

Comment on this story

Share