Stanley Black & Decker Q4 GAAP loss $1.84/share; guides FY2024 adjusted EPS $3.50-$4.50

STANLEY BLACK & DECKER, INC.

2023-FY EPS reported -$2.07 revenue$15,781,100,000

Q4 net sales $3.74B, down 6% YoY; full-year revenue $15.78B, down 7%.
Q4 GAAP EPS from cont ops ($1.84); adjusted EPS $0.92. Full-year GAAP EPS ($1.88); adj EPS $1.45.
Q4 gross margin 29.6% (adj 29.8%), up 10.7 pts YoY; full-year free cash flow $853M.
Tools & Outdoor segment margin 9.3% (adj 10.0%), up 900 bps YoY; Industrial margin 11.2%.
Guides FY2024 GAAP EPS $1.60-$2.85, adjusted EPS $3.50-$4.50; FCF $0.6B-$0.8B. Infrastructure divestiture for $760M expected close Q1 2024.

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 0.9

STANLEY BLACK & DECKER, INC. updated its fourth quarter and full year 2023 guidance (initiated).

Period: fourth quarter and full year 2023
Guidance: initiated
Result: reported results

Exact text from the filing

worldwide leader in tools and outdoor, today announced fourth quarter and full year 2023 financial results. • Full Year Revenues of $15.8 Billion and Fourth Quarter Revenues of $3.7 Billion, Down Versus Prior Year Primarily Due to Lower Outdoor and DIY Volume as well as Infrastructure Customer Destocking • Fourth Quarter Gross Margin Was 29.6%, Up 10.7 Points Versus

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STANLEY BLACK & DECKER, INC. updated its fourth quarter and full year 2023 guidance (initiated).

Period: fourth quarter and full year 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On February 1, 2024, Stanley Black & Decker, Inc. issued a press release announcing fourth quarter and full year 2023 results.

View on SEC.gov

Browse all earnings releases →

STANLEY BLACK & DECKER, INC. filing history →

Source: SEC EDGAR

accession 0000093556-24-000006

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.