BULLETIN: Stanley Works Co. Reports Second Quarter 2002 Earnings - S&P Global Ratings’ Credit Research

BULLETIN: Stanley Works Co. Reports Second Quarter 2002 Earnings

BULLETIN: Stanley Works Co. Reports Second Quarter 2002 Earnings - S&P Global Ratings’ Credit Research
BULLETIN: Stanley Works Co. Reports Second Quarter 2002 Earnings
Published Jul 19, 2002
Published Jul 19, 2002
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Abstract:

Standard&Poor's said today that its ratings on The Stanley Works Co. (A/Stable/A-1) will not change as a result of the company's announcement of second quarter earnings. Lower sales compared with the previous year were the result of continued weakness across industrial tool channels and inventory reductions at major retail customers. Nevertheless, free cash flow improved year-over-year due to benefits from cost reductions and improved operating margins. Solid cash flows are key to rating stability.

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Household Appliances (25201040)
Sector
Global Issuers
Country
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MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Stanley Works Co. Reports Second Quarter 2002 Earnings" Jul 19, 2002. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Stanley-Works-Co-Reports-Second-Quarter-2002-Earnings-255792>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Stanley Works Co. Reports Second Quarter 2002 Earnings Jul 19, 2002. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Stanley-Works-Co-Reports-Second-Quarter-2002-Earnings-255792>
  
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