Black & Decker 2014 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2014 Black & Decker annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

 
Industrial Security
We deliver peace of mind with advanced electronic
safety, security and monitoring solutions, innovative
locks and automatic doors, and for healthcare
providers, sophisticated patient safety, asset
tracking and productivity solutions.
We build the solutions that keep your world
running — from leading tools, tool tracking and
productivity solutions for industrial and automotive
repair, to pipeline construction and hydraulic tools, to
preferred engineered fastening solutions.
LEADING BRANDS
Industrial &
Automotive Repair
Facom
MAC
Sidchrome
Proto
CribMaster
Vidmar & Lista
AeroScout Industrial
EXPERT
USAG
Infrastructure
STANLEY Oil & Gas
STANLEY LaBounty
STANLEY Hydraulics
STANLEY Dubuis
Engineered Fastening
STANLEY Engineered
Fastening
BUSINESS HIGHLIGHTS
Overall segment organic growth of 5% and a 16.0%* operating margin
rate, +140 basis points versus prior year.
STANLEY Engineered Fastening posts 6% organic growth, with a high
teens operating margin rate, a record over the last decade. Working
capital turns reach a record 8.6 turns.
IAR achieved 5% organic growth, with mid-teens operating margin
rate up 160 basis points versus prior year.
Oshore services from STANLEY Oil & Gas continued double
digit growth.
Advanced Industrial Solutions, one of the organic growth initiatives,
grew over 20% for a third consecutive year.
LEADING BRANDS
Security
STANLEY Security
Sonitrol
Best Access Systems
PACOM
Precision Hardware
Healthcare
STANLEY Healthcare
AeroScout
InnerSpace
Hugs
Wander Guard
BUSINESS HIGHLIGHTS
STANLEY Security North America returned to organic growth,
led by Vertical Markets success and Access Technologies growth.
• Vertical Markets solutions in Financial, Retail, Healthcare,
Education and Government deliver $140 million of revenues,
ahead of target
• Access Technologies generates 5% organic growth with key
project wins in Transportation
Segment operating margin rate of 11.7%* was flat versus 2013
as Security Europe stabilized in the front half of the year and
expanded margins sequentially in three of the four quarters during
the year. Europe also achieved its targeted attrition rate of
10–12% for 2014 and demonstrated order growth across the year.
* Excluding charges * Excluding charges