Stanley Black & Decker (SWK) Tops Q2 EPS by 28c; Narrows Guidance
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Stanley Black & Decker Reports 2Q 2023 Results
August 1, 2023 6:00 AM EDTGlobal Cost Reduction Program Delivered $230 Million of Pre-Tax Run-Rate Savings in Second Quarter 2023; On-Track for Expected $1 Billion Run-Rate Savings by End of 2023
Delivered Second Consecutive Quarter of Sequential Gross Margin Improvement
Strong Progress on Inventory Reduction, With Incremental $375 Million Reduction in Second Quarter 2023; Approximately $1.4 Billion Inventory Reduction Since Mid-2022Â
NEW BRITAIN, Conn., Aug. 1,... More
