Stanley Black & Decker (NYSE:SWK) reported first-quarter 2026 results on Wednesday, April 29, 2026, highlighting a significant transformation of its capital structure.
The Connecticut-based industrial leader posted net sales of $3.8 billion, a 3% increase year-over-year, while organic sales remained flat as the company navigated a stabilizing global demand environment for professional tools and outdoor equipment.
The quarter was defined by the successful completion of the Infrastructure segment's (CAM) divestiture, which generated approximately $1.6 billion in net proceeds.
Management acted swiftly to deploy this capital toward its primary objective of deleveraging, significantly reducing the company’s total debt.
This strategic exit allows Stanley Black & Decker to sharpen its focus on its core Global Tools & Outdoor and Industrial businesses.
Profitability metrics showed a notable turnaround, with the company reporting a GAAP EPS of $0.39, compared to losses in several prior-year periods.
Adjusted EPS came in at $0.80, reflecting disciplined cost management and the ongoing benefits of the company’s "Global Supply Chain Transformation" program, which continues to optimize inventory levels and manufacturing efficiency.
Buoyed by the divestiture proceeds and operational progress, the company raised its full-year 2026 GAAP EPS guidance to a range of $4.15 to $5.35.
Adjusted EPS guidance was reaffirmed at $4.90 to $5.70, signaling management's confidence in sustained margin expansion throughout the year.
Free cash flow guidance for the full year is projected between $500 million and $700 million, a figure that includes the impact of divestiture-related taxes and fees.