secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000093556-22-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stanley Black & Decker Q3 adj EPS $0.76 misses; cuts FY22 adj EPS guidance to $4.15–$4.65
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000009355622000042/0000093556-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000009355622000042/swk-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000093556-22-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer