By Augustthe company had decided to maintain its incorporation in the United States. Other productivity improvements, however, continue to offset commodity inflation. In Europe, it is becoming clear that a construction downturn in some countries will affect us in the second half and we now anticipate a sales decline for the year.
In the US Industrial Products Group, sales decreased double-digits reflecting lower demand across all key categories and channels. Further product development remains a key competitive advantage and we are excited about the Porter-Cable line and other products launching this fall.
The following descriptions of the amended and restated employment agreement with Black decker 2008. In addition to the stock options granted to Mr.
I will turn it back to the operator and we will answer your questions. Operating margin decreased to 8. Further additions to this new working group included Blick. Now I will discuss our individual businesses.
Stanley Works acquired Mac Tools. As we have discussed in the past, most of our commodity exposure is in purchased components, which reduces and delays any impact on our margins.
This is our most global segment and we continue to post solid gains in Europe and Asia.
This has not changed meaningfully since we gave guidance in April. Late in the year, Stanley acquired OSI Security of Chula VistaCalifornia, a provider of battery-operated wireless lock technology and supplies to government, education, and healthcare industries.
In addition, promptly after the executive chairman agreement becomes effective, Mr. Archibald also will be eligible to receive a cost synergy bonus upon the third anniversary of the consummation of the Merger based on the achievement of certain goals set forth in the executive chairman agreement.
On September 9, the acquisition of Niscayah was complete. The Price Pfister faucet business posted a low single-digit sales decrease, in contrast to a decline in the teens last quarter.
Archibald will no longer vest upon a change in control but will remain subject to the original vesting schedule applicable to those awards. Customers in these countries were also reducing inventories in anticipation of further weakness. That concludes my prepared remarks.
I would now like to turn the call over to Mr. Second, the Latin America business continued its outstanding growth trend.Annual Reports & Year in Reviews Stanley Black & Decker SEC Filings Governance Highlights Stock Quote and Chart Quarterly Results * Data collected 05/11/18 - 05/18/18 Investor Contacts.
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The Board of Directors of Black & Decker also approved (1) amended and restated severance benefits with certain key executives, other than Mr. Archibald, and (2) the restoration of the salaries of its executive officers, and (3) an amendment and restatement to The Black & Decker Long-Term Incentive/Retention Plan (the “ Plan”).
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Black & Decker Corporation was the name of an American manufacturer of power tools, accessories, hardware, home improvement products and technology based fastening systems headquartered in Towson, Maryland.
On March 12,Black & Decker merged with Stanley Works to become Stanley Black & Decker.
The people of Stanley Black & Decker have delivered consistent, strong performance across three centuries – making progress even during challenging times. 75 Year Tribute to Pipeliners CRC ultimedescente.com pg.
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