NEW BRITAIN, Conn.–(BUSINESS WIRE)–Stanley Black & Decker (NYSE: SWK) today announced second quarter 2012 financial results.
2Q’12 Business & Regional Commentary:
CDIY grew 5% organically, reflective of successful new products and market share gains in almost every region of the world despite the nascent stage housing market recovery in North America and flat-to-contracting related markets throughout Europe. The operating margin rate, excluding Merger & Acquisitions (“M&A”) charges, of 15.7%, was achieved through volume leverage, improved price/inflation recovery, cost synergies and other reductions.
The Industrial segment grew 1% organically as strength in the Engineered Fastening business more than offset European weakness within Industrial & Automotive Repair (IAR) and a weak North American onshore pipeline market. The operating margin rate, excluding M&A charges, was 15.1%, suppressed by IAR volume and cost absorption issues. (…)
via Stanley Black & Decker Reports 2Q 2012 Results | Business Wire.