SWK Stock Recent News

Black & Decker and Lincoln Electric Holdings have been highlighted in this Industry Outlook article.

Quarterly results show a decline in revenue but an increase in free cash flow, with the Tools & Outdoor segment performing better than the Industrial segment. Balance sheet analysis reveals still higher debt levels, but we are seeing progress in reducing the debt levels, and management will continue to put a focus here. Management focused on cost reduction programs and gaining market shares, with updated guidance showing mixed results but optimism for future growth.

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Persistent weakness in the manufacturing sector weighs on the Zacks Manufacturing-Tools & Related Products industry's near-term prospects. LECO and SWK are a couple of stocks to retain.

SWK just reported strong Q2 earnings, beating revenue and earnings expectations. With rate cuts on the horizon, SWK is poised to capitalize upon increased commercial and residential construction activity. Global cost savings plan remains on track to deliver $2 billion by FY2025.

Weakness in the Industrial segment weighs on Stanley Black's (SWK) top line in the second quarter of 2024.

While the top- and bottom-line numbers for Stanley Black & Decker (SWK) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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Stanley Black & Decker (SWK) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to loss of $0.11 per share a year ago.

Second Quarter Gross Margin Expanded Versus Prior Year Driven by Lower Inventory Destocking Costs, Supply Chain Transformation Benefits and Reduced Shipping Costs Global Cost Reduction Program Remains On-Track for Expected Pre-Tax Run-Rate Savings of $1.5 Billion by End of 2024 and $2 Billion by End of 2025 Strong Cash Generation and Proceeds from Infrastructure Divestiture in Second Quarter Supported $1.2 Billion Debt Reduction NEW BRITAIN, Conn. , July 30, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK), a worldwide leader in tools and outdoor, today announced second quarter 2024 financial results.