Stanley Black & Decker (SWK) Tops Q3 EPS by 22c; Lifts Outlook

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Go back to Stanley Black & Decker (SWK) Tops Q3 EPS by 22c; Lifts Outlook

Stanley Black & Decker Reports 3Q 2023 Results

October 27, 2023 6:00 AM EDT

Global Cost Reduction Program Delivered $875 Million of Pre-Tax Run-Rate Savings Since Initiation; On-Track for Expected $2 Billion Run-Rate Savings by 2025

Gross Margin Expanded Sequentially and Versus Prior Year Due to Ongoing Inventory Optimization Actions and Lower Supply Chain Costs

Generated Cash from Operating Activities of Approximately $440 Million and Free Cash Flow* of Approximately $360 Million in the Third Quarter Driven by Inventory Reductions; Inventory Reduced by Approximately $1.7 Billion Since Mid-2022... More