Stanley Black & Decker, Inc. Earnings Recaps
Q2 2026
Aug 1, 2026
Stanley Black & Decker's shares rose modestly by 1.4% following a quarter marked by stable revenue and margin improvement, driven primarily by U.S. volume strength and tariff refund benefits; however, modest growth and some regional softness suggest a mixed outlook.
Key takeaways
- Total revenue was flat year-over-year, with organic growth of 3% driven by volume gains in U.S. Tools & Outdoor across retail and commercial-industrial channels.
- Adjusted gross margin improved 620 basis points year-over-year to 33.7%, aided by productivity, product mix, and approximately 250 basis points from tariff refunds.
- Tools & Outdoor segment organic revenue grew 3%, powered by an 8% increase in power tools, offset partially by a 7% decline in outdoor due to weather-related demand softness.
- Engineered Fastening revenue fell 18% due to the divestiture of Aerospace Fasteners; organically, it grew 3% with margin expansion of 220 basis points.
- Management deployed proceeds from the divestiture and operating cash flow to reduce debt by $1.7 billion and repurchased $250 million in shares, supporting capital allocation priorities.
Q1 2026
Apr 30, 2026
Stanley Black & Decker shares closed essentially flat following first quarter earnings, as results and updated outlook appeared well-aligned with market expectations. Modest revenue growth, steady margins, and ongoing strategic moves left investors largely unmoved.
Key takeaways
- First quarter revenue increased 3% year-over-year (flat organically), ahead of internal expectations, with Tools & Outdoor up 2% and Engineered Fastening up 10% on a reported basis.
- Adjusted gross margin was 30.2%, down 20 basis points year-over-year; adjusted EBITDA margin of 9.2% declined 50 basis points, though both were within planned ranges.
- Adjusted EPS of $0.80 surpassed the prior guidance range ($0.55–$0.60).
- Tools & Outdoor organic revenue declined 1%, driven by a 5% volume drop, most notably in North America’s retail channel; outdoor product categories showed early season strength.
- Completed sale of the Aerospace Fasteners business, directing ~$1.6 billion net proceeds primarily to debt reduction; Board has authorized share repurchases as balance sheet improves.
Q3 2025
Nov 4, 2025
Stanley Black & Decker reported strong progress in its strategic transformation during Q3 2025, with a focus on brand activation and operational excellence positioned to drive future growth.
Key takeaways
- On track to achieve $2 billion in cost reductions by year-end 2025 while targeting a 35% adjusted gross margin.
- Successfully implemented a brand-led marketing strategy, enhancing engagement with end users through dedicated trade specialists and innovation-focused initiatives.
- Positive momentum in key brands: DEWALT continues to lead in organic growth, supported by initiatives to train and upskill tradespeople.
- Operational improvements are yielding gains in productivity, expected to contribute to margin expansion and fund future growth investments.