---
schema_version: "secwatch.filing_event.v1"
accession: "0000093556-23-000022"
form_type: "8-K"
ticker: "SWK"
cik: "0000093556"
company_name: "STANLEY BLACK & DECKER, INC."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T21:35:15.133542+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stanley Black & Decker Q2 GAAP EPS $1.18, adjusted loss $0.11; revenue down 5%

## Summary
- Net sales $4.16B, down 5% YoY; Tools & Outdoor volume declined 6% on lower consumer DIY demand.
- Adjusted diluted EPS loss of $0.11, vs year-ago adjusted profit, due to high-cost inventory and production curtailments.
- Inventory reduced by $1.4B since mid-2022; free cash flow ~$200M in Q2.
- Narrowed FY2023 adjusted EPS guidance to $0.70–$1.30 from $0–$2.00; free cash flow guidance $0.6B–$0.9B.
- Global Cost Reduction Program delivered $460M pre-tax run-rate savings YTD; on track for $1B by year-end.

## SEC filing metadata
- accession: 0000093556-23-000022
- form_type: 8-K
- ticker: SWK
- cik: 0000093556
- company_name: STANLEY BLACK & DECKER, INC.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93556/000009355623000022/0000093556-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93556/000009355623000022/swk-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000093556-23-000022
- JSON: https://secwatch.observer/filing/0000093556-23-000022.json
- Plain text: https://secwatch.observer/filing/0000093556-23-000022.txt

## Key facts
- Earnings Releases
  STANLEY BLACK & DECKER, INC. reported second quarter 2023 results: revenue $4.2 Billion, net income Diluted GAAP EPS Was $1.18. Guidance reaffirmed.
  - Period: second quarter 2023
  - Revenue: $4.2 Billion
  - Net income: Diluted GAAP EPS Was $1.18
  - Guidance: reaffirmed
  - Result: reported results
  source text: 1, 2023 ... Stanley Black & Decker (NYSE: SWK) , a worldwide leader in tools and outdoor, today announced second quarter 2023 financial results. • Second Quarter Revenues of $4.2 Billion, Down Versus Prior Year Due to Lower Consumer Outdoor and DIY Volume as well as the Oil & Gas Business Divestiture • Second Quarter Diluted GAAP EPS Was $1.18; Excluding Charges
  evidence_url: https://www.sec.gov/Archives/edgar/data/93556/000009355623000022/0000093556-23-000022-index.htm

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