3Q’12 Segment Results
|($ in M)||3Q' 12 Segment Results|
|Sales||YOY Sales Growth||Profit Rate||Profit Rate Ex-Charges 1|
- Mid-teens organic growth in Latin America and mid-single digit organic growth in the U.S. drove a 4% increase in organic revenue for the CDIY segment. Both the Professional Power Tool and the Hand Tool & Fastening Business grew in these regions and 5% organically on a global basis, primarily due to new product introductions. The Consumer Products Group grew 4% organically due to the successful launches of the Black & Decker Gyro and Matrix products.
- Net sales in Security increased 22% versus 3Q’11. Acquisition growth (+26%) and price (+1%) outweighed the negative impact of currency (-1%) and a 4% decline in unit volume.