Stanley Black & Decker (SWK) Tops Q1 EPS by 10c, Revenues Miss; Maintains Guidance Suspension, 'Expects 2Q to be Trough for FY20 Revenue Decline'

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/14/2026

1. ADBE
2. SPCX
3. USO
4. SPY
5. RH
6. NVDA
7. RKLB
8. CRM
9. MSFT
10. MRVL

Go back to Stanley Black & Decker (SWK) Tops Q1 EPS by 10c, Revenues Miss; Maintains Guidance Suspension, 'Expects 2Q to be Trough for FY20 Revenue Decline'

Stanley Black & Decker Reports 1Q 2020 Results and Details $1 Billion Cost Reduction and Efficiency Program

April 30, 2020 6:00 AM EDT

NEW BRITAIN, Conn., April 30, 2020 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced first quarter 2020 financial results.

1Q'20 Revenues Totaled $3.1 Billion, Down 6% Versus Prior Year, With A 7% Organic Decline Primarily Related To Impacts From COVID-19 1Q'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 Actions Recently Announced Cost Reduction Program Expected To Deliver $1 Billion In Annualized Savings With $500 Million In 2020 Continues Suspension Of... More