Stanley Black & Decker on Tuesday morning delivered solid quarterly results — enhanced by strong cash flow performance, allowing management to raise its full-year guidance.
Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year restructuring plan.
Stanley Black & Decker, which also makes fastening and assembly systems, jumped 7.5% on Tuesday's release following last week's 9.7% gain.
Full-year organic sales in Tools & Outdoor are projected to be down about 1% at the midpoint, with year-over-year margin improvement.
To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.
Persons:
Stanley Black, Decker, we're, Don Allen, DeWalt, Pat Hallinan, —, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor
Organizations:
Revenue, Bosch, Techtronic Industries, Federal Reserve, Management, Stanley, Aerospace, CNBC, The New York Stock Exchange, NYSE Global
Locations:
Europe, France, Italy, Latin America