secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000093556-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000009355623000011/0000093556-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000009355623000011/swk-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000093556-23-000011

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