NYSE$SWK
Stanley Black & Decker Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported a decrease in revenue due to lower consumer & DIY volume, currency impacts, and strategic divestiture. EPS and adjusted EPS were negative, reflecting prioritization of inventory reduction and cash generation. The company is focused on transformation plan, reducing inventory, and optimizing the global supply chain.
Stanley Black & Decker reported a decrease in first-quarter revenue to $3.9 billion, primarily due to lower consumer and DIY volume, currency impacts, and strategic divestitures. Diluted GAAP EPS was negative, but the company is making progress on cost reduction and inventory optimization.
- First Quarter Revenues of $3.9 Billion, Down Versus Prior Year
- First Quarter Diluted GAAP EPS Was ($1.26)
- Global Cost Reduction Program Delivered $230 Million of Pre-Tax Run-Rate Savings
- Inventory reduced by approximately $200 million from the prior quarter
Headline financials
Revenue & EPS history
Stanley Black & Decker · Revenue · Quarterly
$3.93B
Revenue by segment
Stanley Black & Decker · $3.32B total across 1 segment · Q1 2023
- Tools & Outdoor$3.32B—100.0%
Forward guidance
Management expects 2023 EPS guidance to be in the range of ($1.65) to $0.60 on a GAAP basis. Adjusted EPS is expected to be between $0.00 to $2.00. Free cash flow expectations remain unchanged at approximately $0.5 billion to $1.0 billion.
Tailwinds
- Prioritizing cash generation
- Gross margin improvement
- Balance sheet strength
- Executing business transformation initiatives to deliver cost savings
Headwinds
- Range of possible demand
- Destocking scenarios in 2023
- Integration-related charges
- Supply chain transformation charges
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-1.1%
Avg return
Earnings day
-1.8%
Avg return
5 days after
-0.9%
Avg return
30 days after
42%
27 / 65 earnings
Positive
+10.7%
Q2 2012
Best reaction
-17.1%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | -4.4% | +1.5% | |
| Q4 2025 | +4.5% | +11.0% | -6.0% | |
| Q3 2025 | +0.4% | +2.9% | +8.8% | |
| Q1 2025 | -2.0% | -1.9% | +6.8% | |
| Q4 2024 | -1.2% | -1.0% | +2.7% | |
| Q3 2024 | -8.8% | -9.3% | -12.8% | |
| Q2 2024 | +9.5% | +2.3% | +5.7% | |
| Q1 2024 | -6.6% | -5.0% | -5.1% | |
| Q4 2023 | -2.9% | -4.2% | -4.0% | |
| Q3 2023 | +9.1% | +10.0% | +18.4% | |
| Q2 2023 | +2.0% | -0.8% | -4.9% | |
| Q1 2023 | -1.2% | -5.6% | -6.7% | |
| Q4 2022 | +2.9% | -0.8% | -4.3% | |
| Q3 2022 | -1.0% | -3.4% | +4.8% | |
| Q2 2022 | -17.1% | -19.9% | -23.3% | |
| Q1 2022 | -13.6% | -9.3% | -14.0% | |
| Q4 2021 | -0.2% | -1.2% | -8.5% | |
| Q3 2021 | -3.5% | -1.9% | -1.9% | |
| Q2 2021 | -5.1% | -4.3% | -6.2% | |
| Q1 2021 | +0.8% | +1.3% | +4.3% | |
| Q4 2020 | +0.1% | +2.2% | +0.9% | |
| Q3 2020 | -6.0% | -3.9% | +7.8% | |
| Q2 2020 | -1.8% | -0.9% | +6.0% | |
| Q1 2020 | -12.8% | -12.3% | +2.8% | |
| Q4 2019 | -0.7% | -3.3% | -13.6% | |
| Q3 2019 | -1.5% | +0.3% | +2.4% | |
| Q2 2019 | +7.8% | +7.7% | -2.0% | |
| Q1 2019 | -2.7% | -0.1% | -9.9% | |
| Q4 2018 | -13.4% | -11.9% | +0.5% | |
| Q3 2018 | -2.5% | +0.1% | +11.4% | |
| Q2 2018 | -0.7% | +0.5% | +1.2% | |
| Q1 2018 | -7.8% | -7.3% | -6.3% | |
| Q4 2017 | -2.7% | -3.1% | -7.4% | |
| Q3 2017 | +3.4% | +4.1% | +4.9% | |
| Q2 2017 | -3.1% | -4.7% | -6.6% | |
| Q1 2017 | +3.5% | +2.7% | +2.9% | |
| Q4 2016 | +0.6% | -0.2% | +2.8% | |
| Q3 2016 | -2.0% | -2.7% | +4.1% | |
| Q2 2016 | +5.7% | +6.4% | +6.2% | |
| Q1 2016 | +3.2% | — | — | |
| Q4 2015 | -1.9% | — | — | |
| Q3 2015 | +8.0% | — | — | |
| Q2 2015 | -2.5% | — | — | |
| Q1 2015 | +1.7% | — | — | |
| Q4 2014 | +3.5% | — | — | |
| Q3 2014 | +3.4% | — | — | |
| Q2 2014 | +6.6% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q4 2013 | -3.8% | — | — | |
| Q3 2013 | -16.9% | — | — | |
| Q2 2013 | +1.9% | — | — | |
| Q1 2013 | -4.7% | — | — | |
| Q4 2012 | -1.4% | — | — | |
| Q3 2012 | -2.9% | — | — | |
| Q2 2012 | +10.7% | — | — | |
| Q1 2012 | -7.7% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q3 2011 | +1.3% | — | — | |
| Q2 2011 | -4.3% | — | — | |
| Q4 2009 | -1.1% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q2 2010 | +3.2% | — | — | |
| Q4 2010 | +3.2% | — | — | |
| Q1 2010 | -3.6% | — | — |
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