Stanley Black & Decker Reports Record 3Q 2020 Results

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Stanley Black & Decker (SWK) Tops Q3 EPS by 21c, Revenues Miss

October 27, 2020 6:02 AM EDT

Stanley Black & Decker (NYSE: SWK) reported Q3 EPS of $2.89, $0.21 better than the analyst estimate of $2.68. Revenue for the quarter came in at $3.85 billion versus the consensus estimate of $3.99 billion.

third quarter 2020 financial results.

3Q'20 Revenues Totaled $3.9 Billion, Up 6% Versus Prior Year Led By 11% Organic Growth In Tools & StorageThe Gross Margin Rate Was 35.7%; Excluding Charges, The Gross Margin Rate Was 35.9% Up 160 Basis Points Versus Prior YearThe Operating Margin Rate Was 16.6%; Excluding Charges, The Operating Margin Rate Was A Record 17.7%, Up 320 Basis Points Versus Prior Year, Aided By Cost Control, The Margin... More