Stanley Black & Decker (SWK) Tops Q1 EPS by 31c; Raises FY19 EPS Mid-Point Guidance Above Consensus
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Stanley Black & Decker Reports 1Q 2019 Results
April 24, 2019 6:00 AM EDTNEW BRITAIN, Conn., April 24, 2019 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced first quarter 2019 financial results.
1Q'19 Revenues Totaled $3.3 Billion, Up 4% Versus Prior Year, Fueled By 5% Organic Growth And 3% Growth From Acquisitions 1Q'19 Diluted GAAP EPS Was $1.13; Excluding Charges, 1Q'19 Diluted EPS Was $1.42, Overcoming $160 Million Or Approximately $0.90 Of EPS In External Headwinds EPS Outperformance Driven By Strong Operational Performance And 16 Cents (~50% Of Outperformance) Of Tax Timing Within The Year Successfully Completed Acquisition Of IES Attachments Raising Full Year Diluted GAAP EPS Guidance Range to... More