New Britain manufacturing giant Stanley Black & Decker says fourth-quarter and full-year 2015 net income climbed despite flat sales for its hand- and power-tools and other products.
For three months ended Dec. 31, Stanley said Thursday it netted $267.3 million, or $1.77 a diluted share, up from $145.8 million, or 91 cents a share, netted the same quarter in 2014.
Fourth-quarter sales were $2.85 billion vs. $2.98 billion a year earlier.
For all of 2015, Stanley netted $883.7 million, or $5.96 a diluted share, on sales of $11.2 billion vs. 2014 net of $760.9 million, or $4.67 a share, on $11.3 billion in sales.
“…By maintaining our focus on innovation and controlling key operational levers such as price, cost and product mix, we delivered noteworthy operating leverage despite significant foreign currency headwinds,’’ Stanley Chairman and CEO John F. Lundgren said.
