This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stanley Black & Decker Provides 2014 Outlook

Stanley Black & Decker (NYSE: SWK) today provided additional information regarding its near term operational priorities, capital allocation actions and its 2014 financial outlook, and also reaffirmed its 2013 guidance (1).

2013 / 2014 Guidance Highlights

       
2013

Guidance

2014

Guidance

- Organic Growth

~3% ~4%

- Earnings Per Share (1)

~$4.90 - $5.00 ~$5.30 - $5.50

- Earnings Per Share–GAAP

~$3.05 - $3.15 ~$5.20 - $5.40

- Free Cash Flow (2)

~$675M

- Free Cash Flow Before Charges (1)

~$800M
 

(1) Excluding Charges/Payments (2) Includes $250M cash outlays in 2014 for payments related to M&A activity and general restructuring, primarily for severance.

Stanley Black & Decker’s Chairman and CEO, John F. Lundgren, commented, “We made significant progress driving organic growth during 2013 and expect momentum to continue during 2014. The investments we made this year will help us achieve overall organic growth of approximately 4% in 2014 driven by year over year gains within the majority of our businesses despite a persistent low growth macro environment. Additionally, benefits from the recent cost reductions and operational actions to improve Security margins will result in strong earnings per share growth while funding continued growth investments and facing significant currency and tax headwinds.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,159.18 +79.04 0.44%
S&P 500 2,124.48 +6.79 0.32%
NASDAQ 5,115.8840 +23.7990 0.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs