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STANLEY EARNINGS GROW 11% DESPITE WEAK CONSTRUCTION INDUSTRY
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Hartford Courant - Hartford, Conn.
Author: Campbell, W Joseph; Courant Staff Writer
Date: Jul 16, 1992
Start Page: D.1
Section: BUSINESS NEWS
Abstract (Document Summary)

Stanley also said in its statement Wednesday that the loss of Sears, Roebuck and Co. as a customer for mechanics tools cut earnings in the April-June quarter by 4 cents a share. Sears dropped Stanley, effective Jan. 1, as a supplier of wrenches, ratchets and sockets bearing the Craftsman brand.

Stanley said profits in the second period were $28.8 million, on sales of $560.9 million. In the April-June quarter last year, Stanley reported $25.9 million in profits, on sales of $490 million. The company attributed most of the sales gain to the effect of acquisitions last year and in the first months of this year.

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