RTTNews | Dec 16, 2020 06:50AM EST

06:50 Wednesday, December 16, 2020 (RTTNews.com) - Stanley Black & Decker (SWK) said it upgraded certain scenario planning assumptions, due to stronger demand across North America, Europe and emerging markets in Tools and Storage as well as a stronger performance in Engineered Fastening and Attachment Tools within Industrial.

The company said that its fourth quarter organic growth is now approaching 10% compared to the prior assumption of 3% - 5%.

The company now expects full year operating margin dollar growth of 7% - 9% compared to 2019. Previously, it was assumed mid-single digit growth.

Full year free cash flow is assumed to be greater than $1 billion compared to the prior assumption of $800 million - $900 million.

Read the original article on RTTNews ( https://www.rttnews.com/3154153/stanley-black-decker-lifts-q4-organic-growth-outlook-quick-facts.aspx)

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