secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000093556-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stanley Black & Decker Q4 GAAP EPS ($0.72); FY23 adjusted EPS guidance $0.00-$2.00
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- Full year 2022 revenue $16.9B (+11%); Q4 revenue $4.0B flat; Q4 GAAP EPS ($0.72), adjusted diluted EPS ($0.10).
- Tools & Outdoor segment profit rate ex-charges 1.0% (vs 11.4% prior year); Industrial profit rate 11.5% (+220 bps YoY).
- Inventory reduced $500M in Q4; Q4 free cash flow $520M; debt reduced by $0.5B in the period.
- Global Cost Reduction Program: $200M savings in H2 2022; on track for $1B by end 2023, $2B by 2025.
- FY2023 guidance: GAAP EPS ($1.65)-$0.85; adjusted EPS $0.00-$2.00; free cash flow $0.5B-$1.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000009355623000003/0000093556-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000009355623000003/swk-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000093556-23-000003

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