---
schema_version: "secwatch.filing_event.v1"
accession: "0000093556-23-000011"
form_type: "8-K"
ticker: "SWK"
cik: "0000093556"
company_name: "STANLEY BLACK & DECKER, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:53:19.822703+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Stanley Black & Decker Q1 loss of $1.26 EPS; revenue down 12%; cost savings on track

## Summary
- Net sales $3.93B, down 12% YoY; GAAP diluted EPS ($1.26); adjusted diluted EPS ($0.41).
- Tools & Outdoor segment profit rate ex-charges 3.0% vs 14.0% YoY; Industrial 11.0% vs 6.4% YoY.
- Inventory reduced ~$200M sequentially to $5.7B; targeting $0.75-1B reduction in 2023.
- Cost reduction program delivered $230M pre-tax run-rate savings in Q1; on track for $1B by end of 2023.
- 2023 GAAP EPS guidance narrowed to ($1.65)-$0.60; adjusted EPS reaffirmed $0.00-$2.00; FCF $0.5-1.0B.

## SEC filing metadata
- accession: 0000093556-23-000011
- form_type: 8-K
- ticker: SWK
- cik: 0000093556
- company_name: STANLEY BLACK & DECKER, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93556/000009355623000011/0000093556-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93556/000009355623000011/swk-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000093556-23-000011
- JSON: https://secwatch.observer/filing/0000093556-23-000011.json
- Plain text: https://secwatch.observer/filing/0000093556-23-000011.txt

## Key facts
- Earnings Releases
  STANLEY BLACK & DECKER, INC. reported first quarter 2023 results: revenue $3.9 Billion, EPS ($1.26). Guidance reaffirmed.
  - Period: first quarter 2023
  - Revenue: $3.9 Billion
  - EPS: ($1.26)
  - Guidance: reaffirmed
  - Result: reported results
  source text: Since Mid-2022 New Britain, Connecticut, May 4, 2023 ... Stanley Black & Decker (NYSE: SWK) today announced first quarter 2023 financial results. • First Quarter Revenues of $3.9 Billion, Down Versus Prior Year Due to Lower Consumer & DIY Volume, Currency and Strategic Divestiture • First Quarter Diluted GAAP EPS Was ($1.26); Excluding Charges, First Quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/93556/000009355623000011/0000093556-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.