Earnings summaries and quarterly performance for STANLEY BLACK & DECKER.
Executive leadership at STANLEY BLACK & DECKER.
Christopher J. Nelson
President and Chief Executive Officer
Donald Allan, Jr.
Executive Chairman
Janet M. Link
Senior Vice President, General Counsel and Secretary
Patrick D. Hallinan
Executive Vice President, Chief Financial Officer
Tamer K. Abuaita
Global Chief Supply Chain Officer and President, Industrial
Board of directors at STANLEY BLACK & DECKER.
Adrian V. Mitchell
Director
Andrea J. Ayers
Lead Independent Director
Debra A. Crew
Director
Jane M. Palmieri
Director
John L. Garrison, Jr.
Director
Mary A. Laschinger
Director
Michael D. Hankin
Director
Robert J. Manning
Director
Susan K. Carter
Director
Research analysts who have asked questions during STANLEY BLACK & DECKER earnings calls.
Nigel Coe
Wolfe Research, LLC
6 questions for SWK
Christopher Snyder
Morgan Stanley
5 questions for SWK
Julian Mitchell
Barclays Investment Bank
5 questions for SWK
Michael Rehaut
JPMorgan Chase & Co.
5 questions for SWK
Adam Baumgarten
Zelman & Associates
4 questions for SWK
Jonathan Matuszewski
Jefferies Financial Group Inc.
3 questions for SWK
Timothy Wojs
Robert W. Baird & Co.
3 questions for SWK
Tim Wojs
Robert W. Baird & Co. Incorporated
3 questions for SWK
Jeffrey Sprague
Vertical Research Partners
2 questions for SWK
Joe O'Dea
Wells Fargo
2 questions for SWK
Joe Ritchie
Goldman Sachs
2 questions for SWK
Nicole DeBlase
BofA Securities
2 questions for SWK
Robert Wertheimer
Melius Research
2 questions for SWK
Brett Linzey
Mizuho Securities
1 question for SWK
Joseph O'Dea
Wells Fargo & Company
1 question for SWK
Joseph Ritchie
Goldman Sachs
1 question for SWK
Rob Wertheimer
Melius Research LLC
1 question for SWK
Recent press releases and 8-K filings for SWK.
- CFO reaffirmed long-term targets of mid-single-digit revenue growth and 35%+ gross margin by Q4 2026; full-year 2025 gross margin is ~31%, Q4 2025 was 33%.
- 2026 financial framework: avg. gross margin of 32–33%, SG&A at 21–22% of sales, tax rate ~20%, and a targeted $200 million inventory reduction.
- Cost-saving initiatives include $350–375 million in like-for-like COGS improvements and over $200 million of tariff mitigation by relocating SKUs out of China.
- Supply-chain diversification aims to cut U.S. sourcing from China to <5% of COGS by end of 2026, expanding manufacturing in Mexico, Vietnam, and Thailand.
- Reaffirms mid-single-digit top-line growth and 35% gross margin by Q4 2026, noting tariffs have delayed the plan by about 12 months (now expected late 2026).
- Plans $350–375 million of like-for-like COGS improvements plus $200 million+ of tariff mitigation via shifting SKUs out of China to Mexico/Asia under USMCA.
- Will reallocate $100 million+ from back-office SG&A into product, digital and field marketing, with a brand-led focus on DeWalt, Stanley and Craftsman.
- Targets < 5% of U.S. COGS from China by end-2026, may divest its ~$400 million aerospace fasteners unit to reduce leverage, and aims for $600 million of free cash flow in FY 2025.
- President & CEO Chris Nelson reported being on pace to achieve the $2 billion cost-out target and reach 35%+ margins, while targeting a 2.5× net debt/EBITDA ratio via divestiture of its aerospace fastening unit by mid-2026.
- Shifted from a product-centric to a brand-centric model, appointing GMs for DeWalt, Craftsman, Stanley & Black & Decker Outdoor and centralizing engineering to leverage scale, reduce development time, and enhance customer focus.
- Platform products (≥70% common components) have driven ~30% engineered material cost savings, up from 5–10%, and cut new-product launch time by 20%, with further reductions planned through 2027.
- Built a secure in-house AI infrastructure and deployed agents for voice-of-customer analytics, customer service, and rapid sales proposals to improve speed and service.
- Added 600 field resources over the past two years in key markets, doubling pipeline conversion velocity year-over-year and accelerating market penetration.
- Stanley Black & Decker delivered Q3 adjusted EPS of $1.43, inclusive of a $0.25 tax benefit, with Tools & Outdoor revenue flat at $3.3 billion and Engineered Fastening organic revenue growth of 5%.
- The company achieved 31.6% adjusted gross margin (up 110 bps YoY) and generated $155 million in free cash flow, advancing toward a $600 million full-year target.
- For full-year 2025, management forecasts $4.55 adjusted EPS, GAAP EPS of $2.55–$2.70, flat to 1% revenue decline, and approximately 31% adjusted gross margin, with Q4 margin expected near 33% ±50 bps.
- To mitigate tariffs, the company is shifting U.S. supply from China to Mexico—aiming for <10% China-sourced supply by mid-2026 and <5% by end-2026—and remains on track to deliver $2 billion in run-rate cost savings by year-end 2025.
- In Q3, Stanley Black & Decker generated $3.8 B in revenue, flat YoY and down 1% organically, with pricing up 5% and volume down 6%.
- Adjusted gross margin improved by 110 bps to 31.6%, and adjusted EBITDA margin rose 150 bps to 12.3%, driven by pricing strategies and supply chain efficiencies.
- Aerospace delivered over 25% organic growth; automotive achieved low single-digit growth; general industrial fasteners declined mid-single digits; engineered fastening margin was 12.8%, up 200 bps sequentially.
- The global cost reduction program added $120 M in pre-tax run rate savings this quarter, bringing total savings to $1.9 B since mid-2022 and on track for $2 B by year-end 2025.
- Company guides 2025 adjusted EPS of $4.55 (GAAP EPS $2.55–$2.70), full-year revenue flat to down 1%, Q4 adjusted gross margin ~33%, free cash flow target of $600 M, and net debt/EBITDA target ≤2.5x.
- Strategy & transformation: on track for $2 billion cost reduction by year-end 2025 with $1.9 billion in run-rate savings YTD and $120 million incremental in Q3; targeting 35%+ adjusted gross margin and reducing U.S. supply from China to <10% by mid-2026 ( )
- Q3 revenue of $3.8 billion was flat year-over-year; organic sales declined 1% driven by 5% pricing gain and 6% volume decline ( )
- Q3 adjusted gross margin reached 31.6% (+110 bps) and adjusted EBITDA margin 12.3% (+150 bps); adjusted EPS was $1.43 (including $0.25 tax benefit) and free cash flow $155 million ( )
- Segment highlights: Tools & Outdoor revenue of $3.3 billion flat YoY with organic –2% (pricing +5%, volume –7%) and segment margin 12% (+90 bps); engineered fastening organic growth of 5% ( )
- 2025 guidance: adjusted EPS ~$4.55, GAAP EPS $2.55–$2.70; full-year sales flat to down 1%; full-year adjusted gross margin ~31% and Q4 margin ~33% ( )
- Revenue of $3.8 B, flat YoY as price (+5 %) and currency (+1 %) offset volume (-6 %) impact.
- Adjusted gross margin at 31.6 %, up 110 bp YoY due to pricing and supply-chain efficiencies; targeting ~33 % in Q4.
- Adjusted EPS of $1.43 (GAAP EPS $0.34); revised full-year EPS guidance to $2.55–$2.70 GAAP and ~4.55 adjusted.
- Operating cash flow of $221 M and free cash flow of $155 M; liquidity of $0.3 B cash and $2.1 B commercial paper capacity (total $2.4 B).
- Third quarter net sales were $3.8 billion, flat year-over-year as pricing (+5%) and currency (+1%) gains offset a 6% volume decline.
- GAAP EPS was $0.34, and adjusted EPS was $1.43, reflecting a tax rate benefit; gross margin expanded 150 bps to 31.4%.
- Third quarter free cash flow was $155 million, with operating cash flow of $221 million.
- Full-year 2025 GAAP EPS guidance was revised to $2.55–2.70, and adjusted EPS to ~$4.55; free cash flow target remains ~$600 million.
- In Q3, net sales were $3.8 billion, flat year-over-year as price (+5%) and currency (+1%) gains offset a 6% volume decline
- Gross margin expanded 150 bps to 31.4%, with adjusted gross margin at 31.6%, driven by pricing strategies and supply chain efficiencies
- GAAP EPS was $0.34, and adjusted EPS was $1.43, aided by a tax rate benefit
- Operating cash flow was $221 million, delivering free cash flow of $155 million in the quarter
- 2025 guidance updated: GAAP EPS now $2.55–$2.70 (from $3.45); adjusted EPS expected at $4.55 (from $4.65); free cash flow target remains ~$600 million
- ResearchAndMarkets added the Builder Hardware Market – Global Forecast to 2030 report, projecting growth from USD 52.84 billion in 2024 to USD 55.94 billion in 2025 and a 5.64% CAGR to reach USD 73.46 billion by 2030.
- The report segments the market by product (bolts, screws, door closers, handles, hinges, locks), distribution channel, end-user application, material, operation and mounting type, and geographic region.
- Key trends include accelerating demand for IoT-driven smart hardware, supply-chain resilience via near-shoring and digital logistics, regulatory shifts toward recycled materials, and growing modular construction adoption.
- Enhanced U.S. tariffs in 2025 on steel, brass, and precision components are driving cost pressures, prompting manufacturers to near-shore operations and invest in automation to preserve margins.
Quarterly earnings call transcripts for STANLEY BLACK & DECKER.
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