"Consolidated Revenue -- $1,231.9 million, up 2.8%, including a 1.4% organic sales increase and $15.6 million favorable foreign currency impact. Diluted EPS -- $4.94, representing a $0.12 increase. Operating Margin -- 21.5%, down 60 basis points, reflecting increased investments in brand building, product development, and unfavorable currency impact. Financial Services Operating Income -- $34.4 million, up 115%, with $7.7 million benefit from an additional week in the fiscal calendar."
"Tools Group Sales -- $505.0 million, down $1.6 million or 0.3%, with operating margin rising 10 basis points to 21.2% and gross margin improving 150 basis points to 46.1%. Commercial & Industrial (C&I) Sales -- $398.1 million, up $18.9 million or 5%, including $2.8 million organic and $7.9 million from currency translation; Power Tools posted double-digit growth. Dividend Increase -- Raised by 14%, marking the sixteenth consecutive annual increase and uninterrupted payments since 1939."
Consolidated revenue reached $1,231.9 million, a 2.8% increase including a 1.4% organic rise and $15.6 million favorable foreign currency impact. Diluted EPS increased $0.12 to $4.94. Operating margin declined 60 basis points to 21.5% due to higher investments in brand building and product development and unfavorable currency. Financial Services operating income rose 115% to $34.4 million, aided by an extra week in the fiscal calendar. Tools Group sales were $505.0 million with improved gross margin. C&I sales grew 5% to $398.1 million. RS&I sales increased to $467.8 million. Cash from operations and some margins were pressured, and the dividend was raised 14%.
Read at Aol
Unable to calculate read time
Collection
[
|
...
]