secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000093556-24-000136
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SWK Q2 GAAP loss $0.13 per share; revenue $4.0B down 3%; raises adj EPS and FCF guidance
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- Q2 GAAP EPS ($0.13) vs $1.18 prior year; revenue $4.02B down 3% YoY; organic revenue grew 1%.
- Gross margin 28.4% up 600 bps; adjusted gross margin 29.2% up 560 bps; inventory destocking costs fell.
- Tools & Outdoor segment profit $316M (9.0% margin, up 610 bps); Industrial $66.8M (13.5% margin).
- Operating cash flow $573M, free cash flow $486M; debt reduced $1.2B in Q2 from strong cash generation.
- FY 2024 guidance: GAAP EPS $0.90-$2.00 (from $1.60-$2.85); adj EPS $3.70-$4.50; FCF raised to $650-$850M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000009355624000136/0000093556-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000009355624000136/swk-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000093556-24-000136

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