Stanley Black & Decker (SWK) Tops Q1 EPS by 9c, Raising FY17 EPS Guidance
Stanley Black & Decker (NYSE: SWK) reported Q1 EPS of $1.29, $0.09 better than the analyst estimate of $1.20. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.75 billion.
GUIDANCE:
Stanley Black & Decker sees FY2017 EPS of $7.08-$7.28, versus the consensus of $7.11.
- 1Q'17 Revenues Totaled $2.8 Billion, Up 5% Versus Prior Year, Fueled By 5% Organic Growth
- 1Q'17 Operating Margin Rate Expanded 50 Basis Points To 13.6%; Excluding M&A Related Charges, Operating Margin Rate Expanded 110 Basis Points To A Record 1Q Rate Of 14.2%
- 1Q'17 Diluted GAAP EPS Was $2.59; Excluding M&A Related Charges And Gain On Divestitures, 1Q\'17 Diluted EPS Was $1.29 Reflecting Strong Operational Performance Which More Than Offset Currency Headwinds, Higher Restructuring, A One-Time Environmental Charge, And Higher Shares
- Raising 2017 Full Year Diluted GAAP EPS Guidance Range To $7.95 To $8.15 (From $7.63 To $7.83); Raising Adjusted EPS Guidance Range To $7.08 To $7.28 (From $6.98 To $7.18) Due Primarily To An Improved Outlook For The Company's Industrial Businesses; Reiterating Free Cash Flow Conversion Of Approximately 100%
For earnings history and earnings-related data on Stanley Black & Decker (SWK) click here.