secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000093556-24-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stanley Black & Decker Q1: revenue -2%, GAAP EPS $0.13, adj. EPS $0.56; gross margin +740bps
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- Revenue $3.87B (-2% YoY); GAAP EPS $0.13 (vs -$1.26 loss), adjusted EPS $0.56.
- Gross margin 28.6% (up 740bps); adjusted gross margin 29.0% (up 590bps) on lower destocking and supply chain benefits.
- Tools & Outdoor segment margin 7.8% (vs 0.6% prior); Engineered Fastening organic sales +5%.
- Closed STANLEY Infrastructure sale for $760M on Apr 1; proceeds used to reduce short-term debt.
- Reiterated 2024 guidance: adj EPS $3.50-$4.50, FCF $0.6-$0.8B; cost program on track for $1.5B savings by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000009355624000088/0000093556-24-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000009355624000088/swk-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000093556-24-000088

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