Stanley Black & Decker Reports 1Q 2020 Results and Details $1 Billion Cost Reduction and Efficiency Program
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Stanley Black & Decker (SWK) Tops Q1 EPS by 10c, Revenues Miss; Maintains Guidance Suspension, 'Expects 2Q to be Trough for FY20 Revenue Decline'
April 30, 2020 6:09 AM EDTStanley Black & Decker (NYSE: SWK) reported Q1 EPS of $1.20, $0.10 better than the analyst estimate of $1.10. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3.25 billion.
1Q'20 Revenues Totaled $3.1 Billion, Down 6% Versus Prior Year, With A 7% Organic Decline Primarily Related To Impacts From COVID-191Q'20 Diluted GAAP EPS Was $0.88; Excluding Charges, 1Q'20 Diluted EPS Was $1.20, Reflecting $60 Million In External Headwinds And Coronavirus Related Volume Declines Partially Offset By Margin Resiliency ActionsRecently Announced Cost Reduction Program Expected To Deliver $1 Billion In Annualized Savings With $500 Million In... More