Stanley Black & Decker (SWK) Tops Q1 EPS, Revenues Miss

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Go back to Stanley Black & Decker (SWK) Tops Q1 EPS, Revenues Miss

Stanley Black & Decker Reports 1Q 2023 Results

May 4, 2023 6:00 AM EDT

Global Cost Reduction Program Delivered $230 Million of Pre-Tax Run-Rate Savings in First Quarter 2023; On-Track for Expected $1 Billion Annualized Savings by End of 2023

Gross Margin Improved Versus Fourth Quarter 2022 Expected Trough

Strong Progress on Inventory Reduction, With $200 Million Improvement in the First Quarter; Approximately $1 Billion Inventory Reduction Since Mid-2022

NEW BRITAIN, Conn., May 4, 2023 /PRNewswire/ --... More