Oct 29, 11:50 AM

Stanley Black & Decker Reports Q3 Earnings: Adjusted EPS $1.22, Revenue $3.75B (down 5% YoY), Lowers FY24 Guidance to $3.90-$4.30

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.

Written with ChatGPT (GPT-4o mini).

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Markets Today@marketsday
1 year ago
$SWK | Stanley Black & Decker Q3'24 Earnings Highlights: 🔹 Adjusted EPS: $1.22 (Est. $1.05) 🟢 🔹 Revenue: $3.75B (Est. $3.8B) 🔴; DOWN -5% YoY 🔸 Adj Gross Margin: 30.5% (Up 290bps YoY)
Reuters Business@ReutersBiz
1 year ago
Stanley Black & Decker posts quarterly sales miss, tightens annual profit view https://t.co/sKtErA6A78 https://t.co/vvrABZ5htJ
Streetinsider.com@Street_Insider
1 year ago
Stanley Black & Decker $SWK down on below-consensus Q3 sales, soft guidance https://t.co/Uqf3Aye2nQ https://t.co/ybgLiwYZq9

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Stanley Black & Decker Reports Q3 Earnings: Adjusted EPS $1.22, Revenue $3.75B (down 5% YoY), Lowers FY24 Guidance to $3.90-$4.30

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