Stanley Works sales rise but earnings dip in Q1 1967
The Stanley Works posted 6 percent higher sales for the three months ended April 2, 1967, reaching 58.23 million dollars, but net earnings declined to 2.44 million dollars from 2.87 million in the 1966 first quarter. Per-share earnings were 69 cents vs 81 cents a year earlier, amid weaker European economies and a softer U.S. housing market.
MENTIONED IN THIS ARTICLE
New Britain
Conn
Stanley Works
Donald W. Davis
Amerock Corp
David
United States
Union Carbide to Invest 400 Million in New Facilities
Union Carbide reports a 400 million dollar capital investment plan this year, the largest in its history, supported by a 250 million dollar public debenture issue. Chairman Binny Mason Jr notes cost and productivity gains from a multi year expansion, while facing a softer economy and a first quarter earnings decline. President Bush outlines programs for realignment, automation, government relations, and international expansion, including a Taft Louisiana petrochemicals complex and five new overseas subsidiaries.
MENTIONED IN THIS ARTICLE
New York
Union Carbide Corporation
Binny Mason, Jr
Hunter College
Mason
Union Carbide
Kenneth Bush
Bush
Taft
United States
Globe Union Reports First Quarter Sales and Earnings Dip
Globe Union Inc. posts $189,000 earnings or 14 cents a share for Q1 1967, down from $765,000 or 57 cents in 1966, with sales of $20.93 million, a $2.27 million drop. President C O Waring Jr. cites inventory adjustments in home entertainment product makers and notes cost reductions and new polypropylene battery container plant near Covington, Kentucky after $3 million investment. Negotiations continue for sale of the Wico division as it diverges from Globe Union’s core battery and electronics lines.
MENTIONED IN THIS ARTICLE
NEW York — Union Carbide Corporation
Binny Mason Jr
Mason
Milwaukee
Wico Special Products Division
West Springfield
Mass
Globe Union Inc
C.O. Waring Jr
Wariig
Waring
Wice
Wico
Globe Battery Division
Globe Union
Also Mentioned on This Page
Stanley
Country Store
Dorset
Dorset Counry
Vermont
Joseph Petermann
Iran
Ile St. Helene
Montreal
Otis
Yuo
Henry M. Tuttle CO. Inc
Depot ST. Dial
Benning Ton
Orvoun Savings
Annington Co- Operative Savings & Loan
South St. Diol
Rush
Call J.h.winslow
Esso
Winslow
Depot St
A. J. Dewey & Sons Lumber & Building Supplies
Mc ‘Nley
ST. Bennington, VT
H. Greenberg & Son, Inc
Main ST
Dial
Bennington, VT
Mutschler Kitchen
Mutschler
Morse & Butler Building Contractors
North St
Bennington
Waning
Waniig
Covington
Centralab Electronics
Wanvig
A&p
Dunham's
ELM Street
Duphiwmes
Bennington, Vermont
Lions Club
BAC Eety
Vyas Eaeaar
Griffin Electric Co., Inc
Terry Tyler
Dorset, Vermont
E.A. Garneau
East Arlington
Thurlow Sales
Wallingford, Vt
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