Stanley Black & Decker profits fall on higher sales

NEW BRITAIN, Conn. — Stanley Black & Decker posted Q4 profits totalling $255.5 million, or $1.71 per share, beating out Wall Street expectations of $1.68 in EPS. Quarterly revenues of $2.92 billion failed to meet expectations, a result the company attributed to restructuring costs. The company reported profits of $965.3 million, or $6.51 per share, for the full year, and revenues of $11.41 billion. Stanley Black & Decker has been busy reorganizing its business to maximize profitability, with the sale of its locks business and the acquisition of Sears’ Craftsman brand and Newell’s tool business announced during the quarter.