Stanley Black & Decker (NYSE: SWK), New Britain, CT, reported first quarter sales of $2.7 billion, up 1.6 percent over the same period a year ago. Profit increased 16.7 percent to $189.4 million.

Tools & Storage sales for the quarter increased 4 percent year-over-year to $1.7 billion, with organic growth up in 10 percent North America, up 5 percent in Europe and up 9 percent in emerging markets.

Sales in the industrial segment decreased 5 percent to $461 million. Engineered Fastening organic growth declined 4 percent due primarily to lower industrial and electronics volumes.

Security sales decreased 1 percent to $504 million. Organic growth in Europe was up 3 percent, while North American organic growth declined.