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Business Description
The Stanley Works is a worldwide producer of tools and door products for professional, industrial and consumer use. The Company's products are produced for consumer, professional and industrial use. Stanley's operations are classified into two business segments: Tools, which manufactures and markets carpenters, mechanics, pneumatic and hydraulic tools, as well as tool sets, and Doors, which manufactures and markets commercial and residential doors, both automatic and manual, as well as closet doors and systems, home decor and door and consumer hardware. The Company's brands include Stanley, FatMax, MaxGrip, Powerlock, IntelliTools, Contractor Grade, Dynagrip, AccuScape, Goldblatt, LaBounty, Proto, Mac, Husky, Jensen, Vidmar, ZAG, Blackhawk, Magic-Door, WelcomeWatch, Stanley-Acmetrack, Monarch and Acme.

Financial Information
SWK manufactures products for the home improvement and consumer markets including handtools, hardware and residential door systems. SWK also makes industrial and mechanic handtools. For the six months ended 6/30/02, net sales fell 2% to $1.27 billion Net income rose 15% to $112.2 million. Results reflect the anticipated weakness across the commercial and industrial tool channels in the U.S., offset by the absence of $18.3 million in restructuring charge.