Stanley Black & Decker reported its third-quarter earnings, revealing an adjusted earnings per share (EPS) of $1.22, exceeding analyst expectations of $1.05. However, the company's revenue of $3.75 billion fell short of the anticipated $3.8 billion, marking a 5% decline year-over-year. The adjusted gross margin improved to 30.5%, up 290 basis points from the previous year. In response to the disappointing sales figures, Stanley Black & Decker narrowed its full-year guidance for adjusted EPS to a range of $3.90 to $4.30, slightly below the consensus estimate of $4.20.