secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000093556-23-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000009355623000022/0000093556-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000009355623000022/swk-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000093556-23-000022

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