Upgrade to SI Premium - Free Trial

Stanley Black & Decker (SWK) Tops Q4 EPS by 1c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus

January 22, 2019 6:03 AM

Stanley Black & Decker (NYSE: SWK) reported Q4 EPS of $2.11, $0.01 better than the analyst estimate of $2.10. Revenue for the quarter came in at $3.63 billion versus the consensus estimate of $3.62 billion.

2019 Outlook

Donald Allan Jr., Executive Vice President and CFO, commented, "During 2018 we successfully navigated dynamic end markets and overcame multiple external headwinds while delivering a strong overall financial performance. We are preparing for a similar operating environment in 2019, and expect to generate above-market organic growth of approximately 4%, adjusted earnings per share expansion of 4% - 6% versus prior year and continued strong free cash flow generation, which will primarily be allocated toward achieving our deleveraging objectives in 2019."

GUIDANCE:

Stanley Black & Decker sees FY2019 EPS of $8.45-$8.65, versus the consensus of $8.78.

For earnings history and earnings-related data on Stanley Black & Decker (SWK) click here.

Categories

Corporate News Earnings Guidance Hot Guidance Management Comments

Next Articles