While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Stanley Black & Decker (SWK) repor ...

Financial Performance & Outlook - Stanley Black & Decker's (SWK) 2023 revenue was $15.8 billion[7] - The company is targeting ~$1.5 billion of pre-tax run-rate savings by the end of 2024[16] - The company is reiterating EPS guidance range of GAAP $1.60-$2.85 and adjusted $3.50-$4.50, and free cash flow $0.6B-$0.8B for 2024[29] - The company expects adjusted gross margin to increase sequentially in each half of 2024, planning for ~30% full year 2024 adjusted gross margin[35] - The company's 1Q'24 free cash flow outflow was ~$500 million[35] Business Segments - Tools & Outdoor segment accounted for $13.4 billion in revenue in 2023[7] - Industrial segment revenue was $2.4 billion in 2023[7] - In the Tools & Outdoor segment, Power Tools Group accounted for 48%, Hand Tools, Accessories & Storage for 30%, and Outdoor Power Equipment for 22% of the revenue[7] - Engineered Fastening accounted for 81% and Infrastructure for 19% of the Industrial segment revenue[7] Geographic Distribution - 62% of the company's revenue is generated in the U.S[10]

Financial Performance & Strategy - Stanley Black & Decker's (SWK) 2023 revenue was $15.8 billion[7] - The company is targeting ~$2 billion in pre-tax run-rate cost savings by the end of 2025[12, 14] - SWK is aiming for organic revenue growth of 2-3x the market rate[12] - The company is targeting an adjusted gross margin of 35%+ by 2025[12] - SWK expects free cash flow conversion to be 100%+[12] Segment Breakdown - Tools & Outdoor segment accounted for $13.4 billion of revenue in 2023[7] - Industrial segment revenue was $2.4 billion in 2023[7] - Within Tools & Outdoor, Power Tools Group contributed 48%, Hand Tools, Accessories & Storage 30%, and Outdoor Power Equipment 22% of the revenue[7] Geographic Distribution - 62% of the company's revenues are generated in the U S [10] - Europe accounts for 16%, Emerging Markets 12%, and Rest of World (ROW) 10% of the revenues[10] 2024 Guidance - The company anticipates organic revenue to be approximately (0 5%) year-over-year +/- 130 bps in 2024[28] - Adjusted EPS for 2024 is projected to be $3 70-$4 50, and free cash flow is expected to be $650 million-$850 million[28]