Strong Q1 for Stanley Black & Decker

NEW BRITAIN, Conn. — Stanley Black & Decker reported Q1 revenues of $3.2 billion, a 12% increase from a year ago. Earnings for the quarter amounted to $170.6 million, or $1.11 per share; excluding special items, adjusted earnings were $213.7 million ($1.39 per share). While that came short of last year’s Q1 earnings of $393.7 million ($2.60), it exceeded the analyst forecast of $1.37 per share. During the quarter the company incurred restructuring costs of $22.9 million.