New Britain hand- and power-tool maker Stanley Black & Decker posted higher net income and sales in the first quarter.
For three months ended March 31, Stanley said Thursday it netted $182.4 million, or $1.28 a diluted share, vs. $162.3 million, or $1.04 a share, netted the same quarter last year.
First-quarter revenue was $2.7 billion vs. $2.6 billion a year ago.
“Our strong first quarter was highlighted by the performance of our tools and storage franchise which delivered 8 percent organic growth, overcoming difficult comps and slower industrial end markets,’’ said James M. Loree, Stanley’s president and chief operating officer.
