Stanley Black & Decker(US:SWK)2023-02-02 18:05Financial Performance & Outlook - Stanley Black & Decker's FY22 revenue reached $16.9 billion, an 11% increase year-over-year, driven by Outdoor Power Equipment acquisitions, Industrial segment growth, and price realization[5] - The company's global cost reduction program delivered $200 million in pre-tax savings in the second half of 2022[5,17] - Fourth quarter inventory reduction of $500 million supported $520 million in free cash flow generation and contributed to $0.5 billion of debt reduction[5,25] - Full year adjusted diluted EPS was $4.62[5] - The company is guiding for a 2023 full year adjusted diluted EPS of $0.00 to $2.00, with free cash flow expected to approximate $0.5 billion to $1 billion[5,40] Strategic Initiatives - Stanley Black & Decker aims to achieve ~$2 billion in cost savings over three years through complexity reduction[8,19] - The company plans to invest $300 million - $500 million in core growth areas, including innovation and electrification[8] - Supply chain transformation is expected to yield $1.5 billion in savings by 2025, enabling adjusted gross margins of 35% or higher[18] - The company is targeting a $0.5 billion inventory decline in the first half of 2023, with the majority of the reduction in the second quarter[26] Segment Performance (Q4 2022) - Tools & Outdoor revenue was $3.372 billion, flat compared to Q4 2021, with an operating margin of 1.0%[21] - Industrial revenue was $604 million, a 1% decrease compared to Q4 2021, with an operating margin of 11.5%[21]