Stanley Black & Decker (SWK) Tops Q3 EPS by 4c, Lowers FY EPS Guidance
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Stanley Black & Decker Reports 3Q 2018 Results; Announces $250 Million Cost Reduction Program To Offset 2019 External Headwinds
October 25, 2018 6:00 AM EDTNEW BRITAIN, Conn., Oct. 25, 2018 /PRNewswire/ --Â Stanley Black & Decker (NYSE: SWK) today announced third quarter 2018 financial results.
3Q'18 Revenues Totaled $3.5 Billion, Up 4% Versus Prior Year, With Organic Growth Of 4% 3Q'18 Diluted GAAP EPS Was $1.65; Excluding Charges, 3Q'18 Diluted EPS Was $2.08, Up 6%, As Price, Cost Control And Volume Leverage More Than Offset $135 Million Of Commodity Inflation, Currency And Tariffs Announcing New Cost Reduction Program Expected To Deliver $250 Million In Annual Cost Savings For 2019 Revising 2018 Full Year Diluted GAAP EPS Guidance Range To $5.90 - $6.00 from... More