Stanley Works ( SWK) beat second-quarter earnings targets and guided higher on the bottom line for the year.The New Britain, Conn., toolmaker made $74.7 million, or 90 cents a share, for the quarter ended July 1. That's up from the year-ago $65.9 million, or 78 cents a share, and 4 cents better than the Thomson Financial Wall Street analyst consensus estimate. Sales rose 25% from a year ago to $1.02 billion, against the $1.04 billion Thomson estimate. Organic sales, excluding recent acquisitions, rose 3% from a year ago on a constant currency basis. "We executed well in a quarter filled with many significant activities," said CEO John Lundgren. "In particular, our Consumer Products team excelled in managing the introduction of the exciting new FatMax Xtreme hand tools product line and in merchandising the FatMax line for success in the mass merchant channel. Thus far both are exceeding our expectations." Stanley reaffirmed its 2006 estimates for 24% to 26% total sales growth and organic sales growth of 3% to 5%. The company also said it expects to make around $3.55 per fully diluted share, while free cash flow will equal or exceed its previous $350 million estimate. Third-quarter organic sales growth is projected at 4% to 6%. Earnings are estimated at $1.03 to $1.07 per fully diluted share, including 3 cents of restructuring-related charges and 2 cents of stock-option expenses. Considered in conjunction with reported first-half results, these estimates imply fourth-quarter organic revenue growth of 5% to 7% and earnings per fully diluted share in the range of $1.13 to $1.17.