Stanley Black & Decker (SWK) Tops Q3 EPS by 22c; Lifts Outlook
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Stanley Black & Decker Reports 3Q 2023 Results
October 27, 2023 6:00 AM EDTGlobal 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
