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Stanley Black & Decker Grows Profits

Stanley Black & Decker, second quarter, earnings, profits

Stanley Black & Decker reported flat sales but growing profits in the second quarter, with a 13.5 percent profit margin, compared with 11.5 percent in the same period a year ago.

Stanley's second quarter revenues were up 1 percent to $2.9 billion, due to price increases, not higher volume. The company said that North American consumer sales were hurt by the unusually cold spring and that emerging markets were also flat.

Earnings per share was $1.36, or $216.5 million, up from $1.18, or $187.1 million a year ago.

The construction and do-it-yourself segment, Stanley's largest segment, accounted for...