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SWK Holdings(SWKH) - 2024 Q2 - Quarterly Results
2024-08-15 12:15
Exhibit 99.1 SWK Holdings Corporation Announces Financial Results for Second Quarter 2024 Conference Call Scheduled for Friday, August 16, 2024, at 09:00 a.m. CST Corporate Highlights · Second quarter 2024 GAAP net income was $4.4 million, compared with net income of $3.9 million for the second quarter 2023 · Second quarter 2024 finance receivables segment adjusted non-GAAP net income was $6.5 million, compared with adjusted non-GAAP net income of $7.6 million for the second quarter 2023 · As of June 30, 20 ...
SWK Holdings(SWKH) - 2024 Q2 - Quarterly Report
2024-08-14 20:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39184 SWK Holdings Corporation (Exact Name of Registrant as Specified in its Charter) Delaware 77-0435679 (State or Other Jurisdiction of Incorporation or Organization) (I.R ...
Here's Why Stanley Black & Decker (SWK) is a Strong Momentum Stock
ZACKS· 2024-08-02 14:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Score ...
Stanley Black & Decker: Strong Q2 Beats Estimates, FY2024 Guidance Upgrade - Turnaround Is Just Getting Started
Seeking Alpha· 2024-07-31 12:43
dia HT t 1 ALLY r l F e 1 te alacatr Introduction I last covered Stanley Black & Decker (NYSE:SWK) on April 8th of this year, when shares traded at $95.25, and I assigned a "Buy" rating. Shares have since rebounded by 10.73%, surpassing the S&P 500's increase of 4.55% by a wide margin. I have significantly increased my personal stake in SWK, purchasing shares in the low $80s and high $70s to make it a ~8% weight in my overall portfolio. Earlier today, SWK reported earnings that were, by all accounts, a slam ...
Stanley Black's (SWK) Q2 Earnings Beat, Revenues Down Y/Y
ZACKS· 2024-07-30 17:31
Segmental Discussion Margin Profile Balance Sheet and Cash Flow In the first six months of the year, SWK paid out dividends worth $243.6 million to its shareholders, up 1.7% from the year-ago period. Stanley Black's net sales of $4.02 billion beat the consensus estimate of $4.01 billion. The top line declined 3.2% year over year due to weakness in the Industrial segment. Revenues from the Industrial segment grossed $495.7 million, down 19.6% year over year. Our estimate for segmental revenues was $586.5 mil ...
Stanley Black & Decker (SWK) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2024-07-30 12:10
Stanley Black & Decker (SWK) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 28.24%. A quarter ago, it was expected that this tool company would post earnings of $0.55 per share when it actually produced earnings of $0.56, delivering a surprise of 1.82%. Over the last four quarters, the ...
Stanley Black (SWK) Surges 6.5%: Is This an Indication of Further Gains?
ZACKS· 2024-07-29 16:01
Stanley Black's rally is primarily driven by optimism about the strong momentum in its Engineered Fastening business. Strength across the company's aerospace and automotive end markets, along with the growing popularity for home and outdoor products, bode well. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. The stock ...
Stanley Black (SWK) to Report Q2 Earnings: Is a Beat in Store?
ZACKS· 2024-07-26 15:20
The consensus estimate for this New Britain, CT-based tool maker's revenues is pegged at $4 billion, indicating a decrease of 3.6% from the year-ago quarter's figure. The consensus estimate for adjusted earnings is pinned at 85 cents per share. SWK reported a loss of 11 cents per share in the year-ago quarter. Stanley Black's Industrial segment's results are expected to gain from the strong momentum in the Engineered Fastening business in the quarter, driven by strength in the aerospace and auto end markets ...
Stanley Black & Decker (SWK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-23 15:07
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower. This tool company is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents a year-over-year change of +872.7%. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change ...
Here's Why It is Appropriate to Retain Stanley Black (SWK)
ZACKS· 2024-07-15 17:01
However, persistent weakness in the Tools & Outdoor segment, arising from softness in the DIY market owing to lower demand for hand tools, has been weighing on Stanley Black's operations. Increasing general and administrative expenses may hurt the bottom line. Given SWK's international presence, the unfavorable impact of foreign currency translation is likely to affect its performance. Stanley Black belongs to the Zacks Manufacturing - Tools & Related Products industry. Growth Catalysts Supply-chain optimiz ...