To discuss performance and strategic objectives by twelve key members of the corporate and business management teams

Stanley Black & Decker, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, net sales were $2,487.2 million against $2,426.1 million for the same period in the last year. Income from operations was $127.1 million against $166.8 million of prior year period. Earnings from continuing operations before income taxes were $90.4 million against $135.4 million for the comparable period of last year. Net earnings from continuing operations were $81.6 million against $105.6 million for the same period in the last year. Net earnings from continuing operations attributable to common shareowners $82.0 million against $106.3 million for the same period in the last year. Net earnings attributable to common shareowners were $81.1 million against $121.8 million for the same period in the last year. Total diluted earnings per share of common stock was $0.51 against $0.72 for the same period in the last year. Non-GAAP earnings from continuing operations before income taxes were $196.5 million. Non-GAAP diluted earnings per share of common stock $1.03. Net cash used in operating activities was $147.5 million against cash provided by operating activities of $32.3 million of previous year period. Capital and software expenditures were $79.5 million against $61.5 million for the same period last year. The company reiterated earnings guidance for the full year of 2013. The company continues to expect full year 2013 EPS to be in the range of $5.40 - $5.65 and free cash flow of $1 billion, excluding charges. Organic net sales were expected to increase between 2% - 3% from 2012 driving $0.00 - $0.15 of EPS accretion. The tax rate will be at the low end of the previously anticipated range of 23%-24%, creating a $0.20 - $0.25 headwind when compared to the 2012 rate of 19.8%. First half of 2013 EPS will approximate 40% of full year EPS, while second half 2012 will approximate 60% of full year EPS, slightly different from historic trends where the second half approximates 56% - 58% of full year EPS. Including all charges, the company expects GAAP EPS to approximate $4.46 to $4.71 in 2013. The company still expect CapEx as a percentage of revenue to be about 2.5% to 3% of annualized revenue this year.

On April 16, 2013, the Board of Directors of the Stanley Black & Decker, Inc. approved amendments to the company's Bylaws (i) to remove provisions relating to a classified Board that no longer apply (Sections 1 and 1. A of Article III); (ii) to eliminate certain provisions adopted in connection with the Black & Decker merger relating to the responsibilities of the Chairman and the Chief Executive Officer (Sections 2 and 3 of Article IV); and (iii) to correct a typographical error (Section 11 of Article III). These amendments did not require shareholder approval.

Stanley Black & Decker, Inc. Presents at Bernstein's 29th Annual Strategic Decisions Conference, May-29-2013 03:00 PM. Venue: The Waldorf=Astoria Hotel, 301 Park Avenue (between 49th and 50th Street), New York, NY 10022, United States. Speakers: James M. Loree, President and Chief Operating Officer.

Stanley Black & Decker announced that its Board of Directors approved a regular second quarter cash dividend of $0.49 per common share. The dividend is payable on June 18, 2013 to shareholders of record as of the close of business on June 5, 2013.