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Company News

BRIEF-Stanley Black & Decker Reports Q1 Earnings Per Share $1.39 Excluding Items

April 20 (Reuters) - Stanley Black & Decker Inc:

* STANLEY BLACK & DECKER REPORTS 1Q 2018 RESULTS

* Q1 REVENUE $3.2 BILLION VERSUS I/B/E/S VIEW $3.11 BILLION

* SEES FY 2018 GAAP EARNINGS PER SHARE $7.40 TO $7.60

* Q1 EARNINGS PER SHARE $1.39 EXCLUDING ITEMS

* Q1 GAAP EARNINGS PER SHARE $1.11

* Q1 EARNINGS PER SHARE VIEW $1.35 -- THOMSON REUTERS I/B/E/S

* REITERATING 2018 FY ADJUSTED EPS GUIDANCE RANGE OF $8.30 - $8.50 AND FREE CASH FLOW CONVERSION OF APPROXIMATELY 100%

* FY2018 EARNINGS PER SHARE VIEW $8.42 -- THOMSON REUTERS I/B/E/S

* STANLEY BLACK & DECKER - 2018 OUTLOOK INCLUDES ORGANIC GROWTH OF 5%

* “IN ADDITION TO ORGANIC GROWTH, WE CONTINUE TO FOCUS ON STRATEGIC CAPITAL ALLOCATION ACTIONS”

* “WE CONTINUE TO SEE A STRONG ACQUISITION PIPELINE AND ARE EXPLORING MULTIPLE OPPORTUNITIES TO CREATE SIGNIFICANT VALUE”

* “CONTINUE TO MAKE TARGETED INVESTMENTS TO SUPPORT OUR SFS 2.0 OPERATING SYSTEM”

* STANLEY BLACK & DECKER-2018 OUTLOOK INCLUDES ADJUSTED EPS GROWTH OF 11% - 14% VERSUS PRIOR YEAR,WHILE OFFSETTING ABOUT $180 MILLION OF COMMODITY INFLATION HEADWINDS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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