Stanley Black & Decker Earnings: Could Not Drill the Numbers

S&P 500 (NYSE:SPY) component Stanley Black & Decker, Inc. (NYSE:SWK) swung to a profit in the first quarter, but still came up short of analyst expectations. Stanley Black & Decker, Inc. supplies tools and engineered solutions for professional, industrial, construction, and do-it-yourself use, as well as security solutions for industrial and commercial applications.

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Stanley Black & Decker Earnings Cheat Sheet for the First Quarter

Results: Swung to a profit of $158.7 million (92 cents/diluted share) in the quarter. The machine tools and accessories company had a net loss of $108.6 million or a loss of $1.11 per share in the year earlier quarter.

Revenue: Rose 88.6% to $2.38 billion YoY.

Actual vs. Wall St. Expectations: SWK fell short of the mean analyst estimate of $1.01/share. Estimates ranged from 88 cents per share to $1.14 per share.

Quoting Management: Stanley Black & Decker’s President and CEO, John F. Lundgren, commented, “We remain enthusiastic about the prospects that 2011 holds for Stanley Black & Decker and feel confident we started the year in good stead. March 12th marked the one year anniversary of the Stanley Black & Decker combination. We are pleased with how the integration has progressed so far and are reiterating that the continuation of this success remains our top priority.”

Key Stats:

The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of more than twofold, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose more than twofold from the year earlier quarter.

Competitors to Watch: P & F Industries, Inc. (NASDAQ:PFIN), Snap-on Incorporated (NYSE:SNA), Einhell Germany AG (EIN3), and Techtronic Industries Co. Ltd. (ADR) (TTNDY).

Today’s Performance: Shares of SWK are down over 2% in after hours trading.

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