The toolmaker's earnings report was disappointing, but understandable given the circumstances.Shares in tools and industrial products company Stanley Black & Decker (SWK 0.47%) slumped by 15.6% in October, according to data from S&P Global Market Intelligence. You have to look no further than the company's third-quarter 2024 earnings report for the reason for the fall. In a nutshell, the company took a step back in its recovery path, and management's commentary indicated that it would take a bit longer than ...

Stanley Black & Decker, Inc. (SWK) reported third-quarter 2024 adjusted earnings of $1.22 per share, which beat the Zacks Consensus Estimate of $1.03. The bottom line increased 16.2% year over year. Stanley Black's net sales of $3.75 billion missed the consensus estimate of $3.78 billion. The top line declined 5.1% year over year due to weakness in both segments. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Segmental Discussion Revenues from SWK's primary segment, Tools & Outdoo ...

Key Takeaways Stanley Black & Decker missed profit and sales estimates on weak demand from consumers and the automotive sector. Gross margin widened on improvements in the toolmaker's supply chain. The tool company narrowed its full-year adjusted earnings per share forecast. The news sent its shares into negative territory for the year so far. Stanley Black & Decker (SWK) shares plunged as the toolmaker posted worse-than-expected results and narrowed its guidance, citing falling consumer demand and a slowdo ...

Stanley Black & Decker, Inc. (NYSE:SWK) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Dennis Lange - Vice President, Investor Relations Donald Allan - President and Chief Executive Officer Christopher Nelson - Chief Operating Officer, Executive Vice President and President, Tools & Outdoor Patrick Hallinan - Executive Vice President and Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Chris Snyder - Morgan Stanley Timothy Wojs - Baird Jeffre ...

Third Quarter 2024 Overview O c t o b e r 2 9 , 2 0 2 4 StanleyBlack&Decker For those who make the world." Participants Don Allan President & CEO Chris Nelson COO, EVP And President, Tools & Outdoor Pat Hallinan Executive Vice President, CFO Dennis Lange Vice President, Investor Relations 3Q'24 Earnings Call | 2 Cautionary Statement | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Exhibit 99.2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------|-------|--------------|-------|------------------|-------|----------|--------------|----------| | | | THIRD \n2024 | | QUARTER \n2023 | | 2024 | YEAR-TO-DATE | 2023 | | NET SALES | $ | 3,751.3 | $ | 3,953.9 | $ | 11,645.2 | $ | 12,044.6 | | COSTS AND EXPENSES | | | | | | | | | | Cost of sales | | 2,630.7 | | 2,893.3 | | 8,274.9 | | 9,216.4 | | Gross profit | | 1,120.6 | | 1,060.6 | ...

Third Quarter Gross Margin Up Versus Prior Year as Supply Chain Transformation Continues Driving Margin ExpansionStrong Third Quarter Cash Generation Supports Ongoing Capital Allocation Priorities Focused on Shareholder Dividends and Further Debt Reduction NEW BRITAIN, Conn., Oct. 29, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK), a worldwide leader in tools and outdoor, today announced third quarter 2024 financial results.   Third Quarter Revenues of $3.8 Billion, Down 5% Versus Prior Year as Gro ...

For Immediate Release Chicago, IL – October 28, 2024 – Today, Zacks Equity Research Stanley Black & Decker, Inc. (SWK) and Techtronic Industries Company Ltd. (TTNDY) . Industry: Tools - Manufacturing Link: https://www.zacks.com/commentary/2357859/2-manufacturing-tool-stocks-to-overcome-industryheadwinds The Zacks Manufacturing-Tools & Related Products industry has been grappling with persistent weakness in the manufacturing sector, declines in new orders and supply-chain disruptions. The shortage of skilled ...

The Zacks Manufacturing-Tools & Related Products industry has been grappling with persistent weakness in the manufacturing sector, declines in new orders and supply-chain disruptions. The shortage of skilled labor in the United States creates concerns for the industry. However, industry players' emphasis on cost-control initiatives and investments in product development have been enabling them to be competitive in the market. Stanley Black & Decker, Inc. (SWK) and Techtronic Industries Company Limited (TTND ...

Stanley Black & Decker, Inc. (SWK) is scheduled to release third-quarter 2024 results on Oct. 29, before market open.The Zacks Consensus Estimate for earnings has increased 1% in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 20.3%.The consensus estimate for this New Britain, CT-based tool maker’s revenues is pegged at $3.8 billion, indicating a decrease of 4.5% from the ...