Stanley Black & Decker (SWK) Tops Q4 EPS by 14c, Misses on Revenue; Offers FY24 EPS Guidance

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Go back to Stanley Black & Decker (SWK) Tops Q4 EPS by 14c, Misses on Revenue; Offers FY24 EPS Guidance

Stanley Black & Decker Reports 4Q & Full Year 2023 Results

February 1, 2024 6:00 AM EST

Momentum in Strategic Transformation Supports Improved Profitability Expectations in 2024; Global Cost Reduction Program On-Track for Expected $2 Billion Run-Rate Savings by End of 2025 

Fourth Quarter Gross Margin Expanded Sequentially Driven by Accelerated Supply Chain Actions to Counter Reduced Volumes, and Lower Shipping Costs

Generated Full Year Cash From Operating Activities of $1.2 Billion and Free Cash Flow* of $853 Million; Inventory Reduced by $1.9 Billion Since Mid-2022 

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