NYSE$SWK

Stanley Black & Decker Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Stanley Black & Decker reported flat revenue with organic growth, increased gross margin, and strong cash generation in Q4 2024.

Stanley Black & Decker's Q4 2024 results showed flat revenue compared to the prior year, but with 3% organic growth. The company achieved a gross margin increase of 120 basis points and generated strong free cash flow. Management is preparing countermeasures designed to mitigate the impact from recently announced tariffs.

  • Revenues for the fourth quarter were $3.7 billion, flat versus prior year with 3% organic growth.
  • Gross margin for the fourth quarter was 30.8%, up 120 basis points versus the prior year.
  • EPS for the fourth quarter was $1.28 and adjusted EPS was $1.49.
  • Cash from operating activities for the fourth quarter was $679 million and free cash flow was $565 million.

Headline financials

Total Revenue

$3.72B

Previous: $3.74B-0.4%
EPS (adj)

$1.49

Previous: $0.92+62.0%
Gross Margin

30.8%

No prior period
Adjusted Gross Margin

31.2%

No prior period
SG&A as % of Sales

23.0%

No prior period
Adjusted SG&A as % of Sales

22.5%

No prior period
Net Earnings as % of Sales

5.2%

No prior period
EBITDA Margin

9.1%

No prior period
Adjusted EBITDA Margin

10.2%

No prior period
Capital Expenditures

-$115M

Previous: -$122M+6.4%
Net Income

$192M

Previous: -$274M+170.3%
Operating Income

$337M

Previous: $155M+116.7%
Gross Profit

$1.14B

Previous: $1.1B+4.1%

Revenue & EPS history

Stanley Black & Decker · Revenue · Quarterly

$3.72B

Q4 2024-0.4%vs Q4 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Stanley Black & Decker · $3.36B total across 1 segment · Q3 2023

  • Tools & Outdoor
    $3.36B-4.0%

Forward guidance

Stanley Black & Decker is planning for 2025 with assumptions for EPS to be $4.05 (+/- $0.65) on a GAAP basis and $5.25 (+/- $0.50) on an adjusted basis, and free cash flow of $750 million (+/- $100 million).

Tailwinds

  • Continued gross margin expansion
  • Strong free cash flow generation
  • Strengthening balance sheet
  • New investments aimed at driving market share growth
  • Capitalizing on opportunities in professional construction, aerospace, and industrial fastening

Headwinds

  • Aggregate market demand is expected to remain muted but relatively stable in the first half
  • Preparing countermeasures designed to mitigate the impact from recently announced tariffs
  • Dynamic backdrop in 2025 due to recent tariff announcements
  • Potential for a positive inflection later in the year is dependent on strength in professional construction as well as aerospace and industrial fastening
  • Difference between the 2025 GAAP and adjusted EPS planning assumption is approximately $1.05 to $1.35, consisting primarily of charges related to the supply chain transformation under the Global Cost Reduction Program.

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 Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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