Stanley Black & Decker (NYSE: SWK) reported Q2 EPS of $2.01, $0.05 better than the analyst estimate of $1.96. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.17 billion.

GUIDANCE:

Stanley Black & Decker sees FY2017 EPS of $7.18-$7.38, from $7.08 To $7.28, versus the consensus of $7.24.

James M. Loree, President and CEO, commented, "Stanley Black & Decker continued to generate impressive results in the second quarter. Each of our businesses contributed to 7% organic revenuegrowth and the Company posted a strong 15.7% operating margin rate. Of particular note was the performance of Tools and Storage and Engineered Fastening, which generated organic growth of 8% and 6%, respectively, as well as Security North America, which built on the positive momentum of last quarter to deliver 4% organic growth. Both of our smaller Industrial businesses, Hydraulic Tools and Oil & Gas, also contributed with double-digit organic growth.

"Supplementing the solid organic performance, our recent acquisitions added 7 points of revenuegrowth. The integrations of both Newell Tools and the Craftsman brand are in full swing and on target. I am pleased with our team's solid execution, and with our continued efforts to become known as a leading innovator, deliver top-quartile financial performance and elevate our commitment to social responsibility."

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