earnings
confidence high
sentiment negative
materiality 0.85
Stanley Black & Decker Q3 adj EPS $0.76 misses; cuts FY22 adj EPS guidance to $4.15–$4.65
STANLEY BLACK & DECKER, INC.
2022-Q3 EPS reported
$7.02
revenue$12,960,600,000
- Revenue $4.1B (+9% YoY); GAAP EPS $0.24, adj EPS $0.76 vs $2.30 prior year.
- Gross margin 24.7%, down 760 bps YoY; operating margin ex-charges 6.2%.
- Tools & Outdoor segment profit rate ex-charges 6.8% vs 15.5% last year; Industrial 11.1% vs 7.2%.
- Cost program delivered $65M savings in Q3, $290M inventory reduction; targeting $1B savings by end 2023.
- FY22 GAAP EPS guidance cut to $0.10-$0.80 from $0.80-$2.05; adj EPS cut to $4.15-$4.65 from $5.00-$6.00.