Stanley Black & Decker Inc. said its normalized net income for the fourth quarter was $1.27 per share, compared with the S&P Capital IQ consensus estimate of $1.68 per share.
EPS declined year over year from $1.29.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $189.7 million, a decrease from $193.7 million in the fourth quarter ended Jan. 2, 2016.
The normalized profit margin declined to 6.5% from 6.8% in the year-earlier period.
Total revenue grew year over year to $2.92 billion from $2.85 billion, and total operating expenses rose from the prior-year period to $2.58 billion from $2.50 billion.
Reported net income declined year over year to $254.3 million, or $1.70 per share, from $267.4 million, or $1.78 per share.
For the year, the company's normalized net income totaled $5.38 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $6.49.
EPS rose from $4.92 in the prior year.
Normalized net income was $797.3 million, an increase from $750.6 million in the prior year.
Full-year total revenue rose on an annual basis to $11.41 billion from $11.17 billion, and total operating expenses grew on an annual basis to $9.94 billion from $9.80 billion.
The company said reported net income grew on an annual basis to $964.8 million, or $6.51 per share, in the full year, from $904.0 million, or $5.92 per share.
