secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0000093556-23-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000009355623000028/0000093556-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000009355623000028/swk-20231027.htm
  HTML page:      https://secwatch.observer/filing/0000093556-23-000028

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