Stanley expects steady growth
Stanley Black & Decker released its reaffirmed 2013 guidance and it's outlook for fiscal 2014 on Thursday, both demonstrating steady organic growth for the company of 3% and 4%, respectively.
Earnings per share fell in the range of $4.90 to $5.00 for 2013, and $5.30 to $5.50 for 2014.
“We made significant progress driving organic growth during 2013 and expect momentum to continue during 2014," said chairman and CEO John F. Lundgren. "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."
According to the company, security margin improvement is expected to contribute approximately 15 cents per share.