STANLEY BLACK & DECKER $SWK Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $3.73B (Est. $3.74B) 🔴; -1% YoY
🔹 Adj. EPS: $2.31 (Est. $1.56) 🟢; +62% YoY
🔹 Free Cash Flow: $585M (Est. $222M) 🟢
Raises FY26 Guide:
🔹 Adj. EPS: $5.95-$6.25 (Est. $5.61) 🟢; from $5.20-$5.80
🔹 FCF: $1.0B-$1.2B (Est. $775M) 🟢; from $600M-$800M
Segment Net Revenue:
🔹 Tools & Outdoor: $3.34B; +2% YoY
🔹 Engineered Fastening: $395.5M; -21% YoY
Announcements:
🔹 Share Repurchases: ~$250M executed; new $1B authorization
Other Q3 Metrics:
🔹 Gross Margin: 39.0%; +760 bps YoY
🔹 Adjusted Gross Margin: 39.4%; +780 bps YoY
🔹 Organic Growth: +4%
🔹 Tools & Outdoor Organic Growth: +4%
🔹 Engineered Fastening Organic Growth: +2%
Key Updates:
🔹 Tariff Refunds: ~$0.67 benefit to EPS and adj. EPS; ~430 bps to gross margin
Comments:
🔸 “We were particularly encouraged by our organic growth* in the quarter, which was up 4 percent, demonstrating that our brand activation and innovation efforts are yielding results.”
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