Stanley Black & Decker (SWK) Misses Q2 EPS by 36c; Guides Sharply Lower

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Go back to Stanley Black & Decker (SWK) Misses Q2 EPS by 36c; Guides Sharply Lower

Stanley Black & Decker Reports 2Q 2022 Results

July 28, 2022 6:00 AM EDT

Second Quarter Revenues of $4.4 Billion, Up 16% Versus Prior Year, Led By Acquisitions in Outdoor Power Equipment and Price Realization

Completion of Security Divestitures in July Generated $4.1 Billion in Cash Proceeds, Strengthening Balance Sheet and Fueling Capital Allocation Priorities

Implementing Global Cost Reduction Program Expected to Deliver Pre-Tax Savings of $1 Billion By End of 2023 and Grow to Approximately $2 Billion Within 3 years.

NEW BRITAIN, Conn., July 28, 2022 /PRNewswire/ -- Stanley Black & Decker (NYSE:... More