Stanley Works (SWK) Updates Guidance Related To Black & Decker Merger

Symbols: BDK, SWK
Posted in: News, Guidance
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Stanley Works (NYSE: SWK) updates guidance related to Black & Decker (NYSE: BDK) merger after taking a charge.

Stanley Works is revising its previous full year 2009 earnings per share guidance of $2.84-$2.94 per share to $2.61-$2.71 per share versus Street view of $2.58.

Management continues to expect gross margins of 40% and free cash flow to be in excess of $300 million for the full year.


 
 
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