What guidance did Stanley Black & Decker's management provide for the next earnings period?

What is the revenue and EPS growth rate for Stanley Black & Decker year over year?

What factors drove the changes in Stanley Black & Decker's revenue and profit?

What is the market's earnings forecast for Stanley Black & Decker next quarter?

What were the key takeaways from Stanley Black & Decker’s earnings call?

What is Stanley Black & Decker's latest dividend and current dividend yield?

What is Stanley Black & Decker's gross profit margin?

What does Stanley Black & Decker do and what are its main business segments?

- **Strategic Growth**: DEWALT brand expansion and supply chain diversification drive 31.6% gross margin (up 110bps YoY). 
- **Cost Efficiency**: $1.9B cumulative cost savings, targeting $2B by year-end. 
- **Tariff Mitigation**: Reduced China reliance to <10%, aiming for <5% by 2026. 
- **2026 Outlook**: Gross margin expansion to ~33%, with platforming and lean manufacturing as key levers. 
- **Cash Generation**: Full-year free cash flow target $600M, capital allocation focused on debt reduction and dividend support.

**【CEO Summary Section】**
- **Strategic Focus**: Emphasized three imperatives—activating brands with purpose, driving operational excellence, and accelerating innovation. DEWALT brand growth driven by trade specialists and product innovations. 
- **Financial Targets**: Aiming for 35%+ adjusted gross margin by Q4 2026 and $2 billion cumulative cost savings by end-2025. 
- **Q3 Performance**: Total revenue $3.3B (flat YoY), adjusted gross margin 31.6% (+110bps YoY), adjusted EBITDA margin 12.3% (+150bps YoY). DEWALT brand showed top-line growth across all product lines. 
- **Tariff Mitigation**: Reduced U.S. supply from China to <10% (from 15% in 2024), targeting <5% by end-2026. 

**【CFO Financial Commentary】**
- **Gross Margin Expansion**: Q3 adjusted gross margin 31.6%, up 110bps YoY, driven by pricing and supply chain efficiencies. Full-year 2025 target ~31%, 2026 outlook for ~33%+. 
- **Cost Reduction Progress**: $1.9B cumulative pretax cost savings since 2022, on track for $2B by end-2025. Q3 incremental savings $120M. 
- **Free Cash Flow**: Q3 $55M, full-year target $600M. 2025 capital expenditures ~$300M. 
- **Tariff Impact**: Q3 gross margin partially offset by $169M noncash asset impairments (e.g., LENOX, Troy-Bilt). 

**【Q&A Highlights】**
- **Volume & Pricing Dynamics**: Q3 volume down 6% (price up 5%), Q4 expects flat organic sales. 2026 gross margin expansion driven by platforming, lean manufacturing, and tariff mitigation. 
- **Supply Chain Shifts**: Moving 15% of U.S. supply out of China by mid-2026, targeting <5% by end-2026. 
- **Inventory Management**: 2026 target for $200M+ working capital reduction, focusing on receivables and inventory. 
- **Housing Market**: Positioned to benefit from future housing policy changes, with strong DEWALT share in professional trades. 
- **Tariff Relief**: 10% reduction in China tariffs has minimal impact on 2026 strategy, but provides slight Q4 benefit (~low single-digit millions).

Stanley Black & Decker, Inc. (SWK) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

SWK

SWK fundamentals

You can ask Aime