Stanley Black & Decker Inc. said its normalized net income for the fiscal second quarter ended July 4 amounted to $1.31 per share, compared with the S&P Capital IQ consensus estimate of $1.45 per share.
EPS increased 13.7% year over year from $1.15.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $199.6 million, an increase of 8.7% from $183.5 million in the second quarter ended June 28, 2014.
The normalized profit margin rose to 7.0% from 6.4% in the year-earlier period.
Total revenue came to $2.87 billion, compared with $2.86 billion in the year-earlier period, and total operating expenses totaled $2.55 billion, compared with $2.54 billion in the year-earlier period.
Reported net income increased 5.9% from the prior-year period to $235.1 million, or $1.54 per share, from $221.9 million, or $1.39 per share.
