2016 Year in Review

Cautionary
Statement

Statements on this website, including statements made in the Company's materials linked to this website, that are not historical, including, but not limited to, those that often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," or "will," are "forward-looking statements" and subject to risk and uncertainty. The results that are expressed or implied in such statements are based on expectations at the time the statements were made and involve inherent risks and uncertainties that could delay, divert, or change any of such statements, and could cause actual outcomes and results to differ materially from those expectations.

The risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied in the forward-looking statements include, without limitation: the ability of the Company to successfully execute integration plans and achieve synergies; the success of the Company's marketing and sales efforts; the Company's ability to grow its business in emerging markets while limiting associated risks; the ability of the Company to maintain or improve production rates in the Company's manufacturing facilities, respond to significant changes in product demand and fulfill demand for new and existing products; the Company's ability to continue improvements in working capital through effective management of accounts receivable and inventory levels; the ability to continue successfully managing and defending claims and litigation; the success of the Company's efforts to mitigate any cost increases generated by significant Euro, Canadian Dollar, Chinese Renminbi or other currency fluctuations; the geographic distribution of the Company's earnings; the commitment to and success of the Stanley Fulfillment System; the continued acceptance of technologies used in the Company's products and services; the Company's ability to manage existing franchisee and distributor relationships; the Company's ability to minimize costs associated with any sale or discontinuance of a business or product line, including any severance, restructuring, legal or other costs or asset impairments; the proceeds realized with respect to any business or product line disposals; the extent of any asset impairments with respect to any businesses or product lines that are sold or discontinued as well as the Company's ability to test and analyze the possibility of asset impairment; the success of the Company's efforts to manage costs, including the ability to sustain or increase prices to mitigate freight costs, steel, energy, non-ferrous and other commodity costs and any inflation increases and/or currency impacts; the Company's ability to generate free cash flow and maintain a strong debt to capital ratio; the Company's ability to identify and effectively execute productivity improvements and cost reductions, while minimizing any associated restructuring charges; the continued ability of the Company to access credit markets under satisfactory terms; the Company's ability to negotiate satisfactory payment terms under which the Company buys and sells goods, services, materials and products; and the availability of cash to repurchase shares when conditions are right.

In addition to the risks, uncertainties and other factors set forth above, please refer to the risks, uncertainties and other factors included in Item 1A Risk Factors and the Cautionary Statements in Item 7 MD&A of the Company's 2016 Annual Report on Form 10-K and any material changes thereto set forth in any subsequent Quarterly Reports on Form 10-Q, as well as those risks and uncertainties contained in the Company's other filings with and submissions to the Securities and Exchange Commission.

The Company’s ability to achieve the results will also be affected by external factors. These external factors include: challenging global macroeconomic environment; the continued economic growth of emerging markets, particularly Latin America, Russia and Turkey; pricing pressure and other changes within competitive markets; the continued consolidation of customers particularly in consumer channels; inventory management pressures on the Company’s customers; the impact the tightened credit markets may have on the Company or its customers or suppliers; the extent to which the Company has to write off accounts receivable or assets or experiences supply chain disruptions in connection with bankruptcy filings by customers or suppliers; increasing competition; changes in laws, regulations and policies that affect the Company, including, but not limited to trade, monetary, tax and fiscal policies and laws; the timing and extent of any inflation or deflation; currency exchange fluctuations; the impact of dollar/foreign currency exchange and interest rates on the competitiveness of products and the Company’s debt program; the strength of the U.S. and European economies; the extent to which world-wide markets associated with homebuilding and remodeling stabilize and rebound; the impact of events that cause or may cause disruption in the Company’s supply, manufacturing, distribution and sales networks such as war, terrorist activities, and political unrest; and recessionary or expansive trends in the economies of the world in which the Company operates.

The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date hereof.

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