Stanley Black & Decker Q3 revenue dips slightly to $3.7B
Key points
- Stanley Black & Decker reported third-quarter 2026 sales of $3.7 billion, down 1% year over year, while organic sales increased 4%.
- Adjusted earnings reached $2.31 per share, including a $0.67 benefit from net tariff refunds, while GAAP earnings totaled $1.83 per share.
- The company raised its 2026 adjusted EPS guidance to $5.95–$6.25 and increased its free cash flow forecast to $1.0 billion–$1.2 billion.
Stanley Black & Decker (NYSE:SWK) reported third-quarter 2026 sales of $3.7 billion, down 1%, while raising its annual earnings outlook.
Organic sales increased 4%, excluding currency and portfolio changes, while adjusted earnings reached $2.31 per share against GAAP earnings of $1.83.
Net tariff refunds contributed approximately $0.67 per share to both earnings measures and added 430 basis points to gross margins.
The company repurchased approximately $250 million in shares and authorized another $1 billion in buybacks through October 29, 2029.
Stanley Black & Decker raised its 2026 adjusted earnings forecast to $5.95–$6.25 per share and free cash flow guidance to $1 billion–$1.2 billion.
Tools & Outdoor sales increased 2%, while Engineered Fastening revenue declined 21%, primarily reflecting the divestiture of Consolidated Aerospace Manufacturing.
The company previously sold its Consolidated Aerospace Manufacturing business and has continued restructuring operations while directing capital toward tools and outdoor products.
