Stanley Black & Decker

News aus der Elektroindustrie

Stanley Black & Decker generated revenues of USD 3.85 m (EUR 3.26 m) in Q3 2020...

Stanley Black & Decker generated revenues of USD 3.85 m (EUR 3.26 m) in Q3 2020, up 6% from Q3 last year. From January 2020 to September, sales were USD 10.127 m (EUR 8.586 m), 5.6% less than 2019. As always, tools and storage was by far the strongest sector.

Net earnings in Q3 2020 were USD 395 m (EUR 335 m), up 71% from USD 231 m (EUR 196 m) in 2019, which is why President and CEO James M. Loree also described it as the most remarkable of his 20 years with the company.

The South China Morning Post reported on Tuesday, November 3 that a wholly owned subsidiary of Stanley Black & Decker has permanently closed its factory in the city of Shenzhen, resulting in the loss of more than 1,000 jobs.

The report cited a company release dated October 26, which attributed the closure of Stanley Black & Decker Precision Manufacturing (Shenzhen) to changes in the general market environment and increasing competition. The business unit, which has been in existence for 25 years, is one of 22 subsidiaries in China.

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The US manufacturer Stanley Black & Decker (the world's largest manufacturer of tools of all types and enclosures) was able to ............

The US manufacturer Stanley Black & Decker (the world's largest manufacturer of all types of tools and fasteners) achieved sales of 11,406 in 2016 ............

$ 9 million (€ 10,661.5 million), up 2.1%. Net income increased to $ 964.9 million (€ 901.8 million).

The individual units reached:
& bull; $ 7,469.2 million (€ 6,981.1 million) in the construction and do-it-yourself sector.
& bull; EUR 2,097.4 (EUR 1,960.3 million) in the security area
& bull; 1,840.3 (EUR 1,720 million) in the industrial sector

At the press conference, President and CEO James Loree announced that the goal was to increase profits by to double by the year 2022, on the one hand through acquisitions, and on the other by strong organic growth.

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