NYSE$SWK
Stanley Black & Decker Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter 2022 results, with revenue up 9% versus prior year, led by acquisitions in outdoor power equipment, strong industrial growth and price realization.
Stanley Black & Decker announced third quarter 2022 financial results, with revenues of $4.1 billion, up 9% versus prior year. Diluted GAAP EPS was $0.24, and adjusted diluted EPS was $0.76. The company is updating its full year 2022 diluted GAAP EPS guidance range to $0.10 to $0.80 and adjusted diluted EPS to $4.15 to $4.65.
- Revenues of $4.1 billion, up 9% versus prior year, led by acquisitions in outdoor power equipment, industrial growth and price realization.
- Diluted GAAP EPS was $0.24; excluding charges, adjusted diluted EPS was $0.76.
- Successfully Completed the Electronic Security, Access Technologies and Oil & Gas Divestitures.
- Global Cost Reduction Program On-Track For Long-Term Targets and Delivers $65 Million Pre-Tax Savings in the Third Quarter with a $290 Million Inventory Reduction.
Headline financials
Revenue & EPS history
Stanley Black & Decker · Revenue · Quarterly
$4.12B
Revenue by segment
Stanley Black & Decker · $3.5B total across 1 segment · Q3 2022
- Tools & Outdoor$3.5B+9.7%100.0%
Forward guidance
The Company is revising its 2022 EPS outlook to $0.10 to $0.80 on a diluted GAAP basis from $0.80 to $2.05, and on a Non-GAAP adjusted basis to $4.15 to $4.65 from $5.00 to $6.00. Free cash flow is expected to be $0.3 to $0.6 billion in the fourth quarter.
Tailwinds
- Disciplined capital allocation
- Commitment to dividends
- Debt reduction
- Strong investment grade credit ratings
Headwinds
- Lower fourth quarter revenue, primarily driven by Europe
- Currency translation
- Higher production curtailment and destocking costs
- Tax impact from lower earnings
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 Q3 2022
-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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