Stanley Black & Decker reported Monday better-than-expected results for Q2 while increasing its earnings target for the year. Adjusted diluted earnings were $2.01 per share, up from last year’s $1.84, exceeding the Capital IQ consensus of $1.97. Net sales for the quarter were $3.23 billion, up from $2.93 billion, also beating the mean estimate of $3.18 billion.
For the year, the company now expects adjusted EPS of $7.18 – $7.38 versus the previous guidance of $7.08 – $7.28. Analysts have been expecting FY EPS of $7.24.