Stanley Black & Decker Q3 adj. EPS $1.05, revenue $4.0B; raises adj. EPS guidance

STANLEY BLACK & DECKER, INC.

2023-Q3 EPS reported -$0.04 revenue$12,044,600,000

GAAP EPS from cont. ops $0.03; adjusted EPS $1.05; revenue $3.95B, down 4% YoY.
Gross margin 26.8% (GAAP); adj. gross margin 27.6%, up 290 bps YoY and 400 bps sequentially.
Tools & Outdoor adj. op. margin 9.3% (+250 bps); Industrial adj. op. margin 12.2% (+110 bps).
Cost reduction program $875M run-rate savings to date; inventory cut $1.7B since mid-2022.
FY2023 GAAP EPS guidance lowered to ($1.45)-($1.00); adj. EPS raised to $1.10-$1.40.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STANLEY BLACK & DECKER, INC. reported Full Year 2023 results: EPS ($1.45) to ($1.00) (From ($1.25) to ($0.50)), Raising Adjusted EPS* to $1.10 to $1.40 (From $0.70 to $1.30). Guidance lowered.

Period: Full Year 2023
EPS: ($1.45) to ($1.00) (From ($1.25) to ($0.50)), Raising Adjusted EPS* to $1.10 to $1.40 (From $0.70 to $1.30)
Guidance: lowered
Result: guidance update

Exact text from the filing

Updating 2023 EPS Guidance Ranges: Full Year GAAP EPS Now Expected to be ($1.45) to ($1.00) (From ($1.25) to ($0.50)), Raising Adjusted EPS* to $1.10 to $1.40 (From $0.70 to $1.30); Maintaining Free Cash Flow* Range of $0.6 Billion to $0.9 Billion

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STANLEY BLACK & DECKER, INC. reported third quarter 2023 results: revenue $4.0 Billion, EPS $0.03. Guidance lowered.

Period: third quarter 2023
Revenue: $4.0 Billion
EPS: $0.03
Guidance: lowered
Result: reported results

Exact text from the filing

27, 2023 ... Stanley Black & Decker (NYSE: SWK) , a worldwide leader in tools and outdoor, today announced third quarter 2023 financial results. • Third Quarter Revenues of $4.0 Billion, Down Versus Prior Year Primarily Due to Lower Outdoor and DIY Volume as Well as Attachment Tool Customer Destocking • Third Quarter Gross Margin Was 26.8%; Third Quarter

View on SEC.gov

Browse all earnings releases →

STANLEY BLACK & DECKER, INC. filing history →

Source: SEC EDGAR

accession 0000093556-23-000028

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.