Stanley Black & Decker posts steady Q2

NEW BRITAIN, Conn. — Stanley Black & Decker announced that net sales for the second quarter were $2.9 billion, up 1% versus the prior year, primarily attributable to price as volume, acquisitions and currency were all relatively flat for the quarter. Organic growth was negatively impacted by unusually weak emerging markets due to economic and political circumstances as well as a delayed and shortened North American outdoor product season for construction and DIY. These factors muted organic growth by two points.