Stanley Black & Decker (SWK) Tops Q4 EPS by 1c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus
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.
- Full Year Revenues Totaled $14.0 Billion, Up 8% Versus Prior Year, With 5% Organic Growth
- Full Year Operating Margin Rate Was 12.4%; Excluding Charges, Full Year Operating Margin Rate Remained Strong At 13.6% Despite $370 Million In External Headwinds
- Full Year Diluted GAAP EPS Was $4.26; Excluding Charges, Full Year Diluted EPS Was $8.15, Up 9% Versus Prior Year, As Price, Lower Expenses And Volume Leverage More Than Offset The Impacts Of Commodity Inflation, Currency And Tariffs
- 4Q\'18 Revenues Totaled $3.6 Billion, Up 5% Versus Prior Year, Including Robust Organic Growth Of 6%
- 4Q\'18 Diluted GAAP EPS Was ($0.45); Excluding Charges, 4Q\'18 Diluted EPS Was $2.11
- Expect 2019 Full Year Diluted GAAP EPS Of $7.45 To $7.65; Adjusted EPS Of $8.45 - $8.65; 2019 Free Cash Flow Conversion Expected To Approximate 85% - 90%.
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.
