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Stanley Black & Decker Updates 2020 Organic Revenue Planning Assumption

(RTTNews) - Stanley Black & Decker, Inc. (SWK) said the company's current third quarter organic revenue growth planning assumption is 7% to 10%. Consequently, second half assumption is for low to mid-single digit organic growth, above the high end of the prior second half outlook range of a decline of 7.5% to flat. The company said the revised assumption is a result of stronger Tools & Storage demand across several geographies and channels, modest improvement in store inventory levels in US retail, and stronger trends within Security & Industrial.

Stanley Black & Decker now expects improved operating leverage that will likely result in full year operating margin excluding M&A related and other charges to be relatively flat compared to prior year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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