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MY WORLD the sky is falling

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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/26/2012 at 06:54
budperm View Drop Down
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show me your sheep!!

Joined: January/01/2009
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*&#$&*R$^#%^R*%!!!!

 
I am speechless!!!  My bloodpressure could power the eastern seaboard!!!  Here is how to ruin a 100yr old company in under 5Yrs!
 
read for yourselves.....
 
A Message from President & CEO John F. Lundgren Regarding Fourth Quarter & Full-Year 2011 Results. 
1/25/2012   
Full year revenues of $10.4 billion reflect 12% growth; earnings increase to $5.24 per share; free cash flow reached $1 billion; working capital turns were 7X.

To All Stanley Black & Decker Associates,

Today, we released our fourth quarter and full year 2011 results, reflecting 17% growth in revenues for the quarter and 12% growth for the year. For the full year, our earnings increased 26% to $5.24, and our free cash flow reached $1 billion, a target we had not expected to achieve until next year. As we all know, 2011 presented an extremely difficult and volatile operating environment, and I am proud of the way that our associates navigated the year’s challenges and delivered growth despite continued weakness in virtually all of the markets and regions that we serve. Our growth was the result of market share gains, continued expansion in emerging markets, and the inclusion of revenue from our acquisitions.

Our many successes in 2011 included the DEWALT 20V Lithium-Ion line and the DEWALT Hand Tools line from CDIY, the continued globalization of our Security business with the addition of Niscayah, and strong performances by most of our Industrial businesses, including Engineered Fastening, Hydraulics, and Industrial & Automotive Repair. The integration of Stanley and Black & Decker continued to meet or exceed the milestones and targets that we set out to achieve, and the Niscayah integration is beginning to take hold. In addition, SFS truly began to take root across our expanded operations base, driving our Working Capital Turns to 7X (excluding Niscayah), up 52% since the creation of Stanley Black & Decker.

These successes, and many more, are a testament to your ability to perform in a difficult environment by being agile, flexible and responsive, able to focus on becoming stronger internally while turning obstacles into opportunities and winning with our customers and end-users. We will need that same adaptability in 2012. The year ahead promises to present unpredictable challenges, and for the first time in many years, we saw declines in our gross margin rate as we exited the year. This year, we expect slowing emerging markets, persistently difficult conditions in Europe, and little or no U.S. housing rebound.   

For these reasons, we also announced today that we will implement proactive cost containment measures of $150 million over the next several weeks. These measures include deferring certain budgeted items, reducing planned spend with external service providers, closely monitoring our travel expenditures, and more. In certain regrettable cases, these cost containment actions may require employment adjustments.

While these actions are unfortunate, they are necessary to protect the health of our company, and I am confident that they will not jeopardize our ability to be competitive and to win with our customers in the marketplace.

As we move forward in 2012, it is imperative that we do not lose sight of the reasons we come to work every day: we deliver innovative products, services and solutions that end-users demand to make life easier; we consistently improve our internal operations so customers prefer to do business with us; and we reward investors who believe in our company by generating continually increasing shareholder value. In every way, every day, all of our 45,000 Stanley Black & Decker associates contribute to making this enterprise as strong and competitive as it can be, and for that you have my most sincere appreciation.

As we have in the past, Stanley Black & Decker will weather this difficult environment. While we will all be asked to shoulder the burden of a stagnant and unstable global economy by doing more with less, it is up to each of us to ensure that we are positioned to emerge stronger than before. In difficult times, the best companies capitalize on the opportunities that arise, and I am relying on the agility, dedication, and continued execution of everyone on our team to ensure that we successfully position ourselves to take market share, win with our customers, and profitably grow the company in 2012.

Thank you.

John Lundgren
President & CEO

Nothin like getting 12 that-a-boys then a bend over!!!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/26/2012 at 07:05
budperm View Drop Down
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This $150 million of cuts.... that happens to be the combined salaries of just 3 people (guess which ones). 
But to protect themselves they will layoff a couple of hundred others!!!
 
  Really need to brush up on the long range shooting!!! Smile
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/26/2012 at 07:33
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It  could always be worst bud, just keep your head up and hope for the best.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/26/2012 at 08:09
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I feel like I'm directly working for Obama!!!! Whacko
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/26/2012 at 13:33
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Originally posted by budperm budperm wrote:

I feel like I'm directly working for Obama!!!! Whacko


You are.....
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/26/2012 at 13:43
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LOL....thanks for that!!!! Whacko
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