Stanley Black & Decker Inc. said its normalized net income for the fiscal first quarter ended April 4 amounted to 99 cents per share, compared with the S&P Capital IQ consensus estimate of 94 cents per share.
EPS climbed 17.5% year over year from 84 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $154.7 million, a gain of 15.7% from $133.7 million in the first quarter ended March 29, 2014.
The normalized profit margin rose to 5.9% from 5.1% in the year-earlier period.
Total revenue came to $2.63 billion, compared with $2.62 billion in the year-earlier period, and total operating expenses decreased from the prior-year period to $2.31 billion from $2.37 billion.
Reported net income came to $167.5 million, or $1.07 per share, compared with $170.1 million, or $1.07 per share, in the first quarter ended March 29, 2014.
