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Stanley Black & Decker Sees Better Growth in 2011

2011-01-31

Stanley Black & Decker, a renowned toolmaker, forecasts that if excluding the related merger and acquisition fees the earning per share of the company in 2011 will reach US$4.75-5.00 and will increase 5-6% in organic net sales, which is higher than the expectation of market analysts saying the EPS to be US$4.73. Stanley Black & Decker forecasts that the sales growth in 2011 will be 3% from the revenue of acquisitions. Since November 2009 it has acquired Black & Decker Corp., CRC-Evans International, and Infologix, Inc. It says that it is going to spend US$1.1 billion free cash flow in acquisitions and dividend.