New Britain manufacturer Stanley Black & Decker said its third-quarter profits were up 43 percent, thanks to a 5 percent increase in sales volume.
The company booked $236.7 million in profits, or $1.47 per diluted share, up from $166 million, or $1.04, in the third quarter last year.
Stanley reduced its selling, general and administrative expenses by more than $19 million, and its operating margin also added 2.3 percentage points, to 13.8 percent.
The company tightened its full-year earnings outlook range to between $5.40 per share and $5.46 per share.
