Stanley Black & Decker Reports Record 1Q 2021 Results
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Stanley Black & Decker (SWK) Tops Q1 EPS by 57c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
April 28, 2021 6:02 AM EDTStanley Black & Decker (NYSE: SWK) reported Q1 EPS of $3.13, $0.57 better than the analyst estimate of $2.56. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $3.96 billion.
First quarter 2021 financial results.
1Q'21 Revenues Totaled $4.2 Billion, Up 34% Versus Prior Year Led By Tools & Storage With All Segments Contributing To 31% Organic Growth1Q'21 Gross Margin Was 37.3%; Excluding Charges, 1Q'21 Gross Margin Was 37.4% Up 440 Basis Points Versus Prior Year1Q'21 Operating Margin Was 16.9%; Excluding Charges 1Q'21 Operating Margin Was 17.6%, Up 760 Basis Points Versus Prior Year Driven By Volume, Price, Cost... More