Stephen Simpson, CFA
Thu, Jan. 28, 8:45 AM
- Net earnings from continuing operations of $265.5M, or $1.78 per share vs. $145.8M, or $1.37 per share in the same quarter a year ago.
- Sales by segment: Tools & Storage -3%; Security -8%; Industrial -7%.
- Outlook for 2016: Diluted EPS of $6.00-$6.20 (below a $6.41 consensus).
- SWK -3.3% premarket
- Q4 results
Oct. 22, 2015, 9:07 AM
- Net earnings from continuing operations of $233.4M, or $1.60 per share vs. $246.1M, or $1.57 per share in the same quarter a year ago.
- Sales by segment: Tools & Storage +2%; Security -8%; Industrial -7%.
- The company raises its full-year GAAP EPS guidance to $5.80-$5.95 from $5.70-$5.90.
- SWK +3.6% premarket
- Q3 results
Jan. 29, 2015, 7:26 AM
- Stanley Black & Decker (NYSE:SWK) reports a surge in Q4 profit as restructuring costs fell and growth in emerging markets helped to offset currency volatility.
- Profit rose to $145.8M from $56.1M, a year earlier. Excluding charges related to M&A and discontinued operations, earnings were $1.56 a share.
- Gross margin rate -40 bps to 35.2% as input costs grew 4.1%.
- Operating margin rate (ex charges) +50 bps to 13.7% as operating leveraging offset currency swings.
- SG&A expenses were 22.1% of sales.
- The company expects to post per-share earnings of $5.90-$6.10 in 2015, excluding $0.25 in restructuring charges.
- SWK +1.7% premarket
- Q4 results
Jul. 25, 2014, 9:13 AM
- Stanley Black & Decker (NYSE:SWK) reports that Q2 net profit rose 16% in Q2 climbing to $216.5M from $187.1M Y/Y, as the company managed to slightly increase sales while trimming costs.
- Net sales for the period were $2.9B, up 1% Y/Y. Gross margin expanded 130 basis points widening to 36.5% from 35.2%. Operating margin expanded 200 basis points To 13.5%.
- Organic growth was negatively impacted by unusually weak emerging markets as well as a delayed and shortened North American outdoor product season. These factors muted organic growth by two points.
- The company boosted its forecast for adjusted per-share earnings for the year, and now expects $5.50 to $5.60 a share, compared with its prior outlook of $5.35 to $5.50.
- Q2 earnings
- SWK +1.7% premarket
Oct. 16, 2013, 12:45 PM
Oct. 16, 2013, 9:31 AM
Apr. 25, 2013, 3:30 PM
Stanley Black & Decker (SWK -2.9%) slips on a muddy Q1, beating on a per share basis but coming up shy on revenue. Net earnings fell 33% Y/Y on higher expenses and tighter margins. Gross margin narrowed to 36.6% from 37.6% as input costs rose 4.1%. Its construction and do-it-yourself segment, the largest by revenue, reported a 1.7% increase in sales, while profit jumped 14%. Earnings in its security segment were down 21%, while the industrial segments earnings tumbled 30%.| Apr. 25, 2013, 3:30 PM
Sep. 21, 2012, 1:44 PM
Spectrum Brands (SPB -2.1%) is apparently in final talks to buy a unit that makes door locks and bath fixtures from Stanley Black & Decker (SWK +2.3%), edging out Apollo Global, who was also competing for the business. SWK put its hardware and home-improvement business on the auction block earlier this year, and the deal could fetch around $1.5B. The win would be a big one for SPB whose current market value is only $2.1B.| Sep. 21, 2012, 1:44 PM
Sep. 13, 2012, 9:16 AM
Building material names (possibly far ahead of true housing recovery) are set to take a hit as heavy-hitter Ivy Zelman reportedly downgrades USG Corp. to Sell, Stanley Black & Decker (SWK) to sell, and Owens Corning (OC) to hold. USG -4.3% premarket, OC -2% premarket. (h/t Marc Lehman)| Sep. 13, 2012, 9:16 AM
Jun. 13, 2012, 12:05 PM
Apr. 19, 2012, 9:48 AM
Stanley Black & Decker (SWK -8.3%) is the S&P's leading loser in early trading after Q1 earnings missed expectations and fell 23%, weighed by higher expenses, though revenue improved. But Baird recommends buying shares on weakness, believing its thesis of strong cyclical earnings and free cash flow tenets remains unchanged.| Apr. 19, 2012, 9:48 AM
Apr. 18, 2012, 4:46 PMStanley Works (SWK): Q1 EPS of $1.09 misses by $0.04. Revenue of $2.65B (+12.3% Y/Y) in-line. Shares -2.5% AH. (PR) | Apr. 18, 2012, 4:46 PM
Oct. 18, 2011, 2:07 PM
Stanley Black & Decker (SWK) knocks out a tidy 5.4% gain after its Q3 report and guidance (I, II) hits the mark with investors. Though the company's estimate for Q4 EPS came in lower than earlier guidance, the market seems to be viewing the firm's $1.1B free cash flow and propensity to buy back shares in a favorable light.| Oct. 18, 2011, 2:07 PM