Stanley Black & Decker Q2 adjusted EPS beats estimates on volume growth
SWK•Full-year guidance raised
Stanley Black & Decker raised its 2026 guidance across earnings and cash flow:
- 2026 GAAP EPS guidance: $4.60-$5.45, up from $4.15-$5.35
- 2026 adjusted EPS guidance: $5.20-$5.80, up from $4.90-$5.70
- 2026 free cash flow: $600 mln-$800 mln, up from $500 mln-$700 mln
Drivers behind the quarter
- Tariff refunds boosted gross margin and adjusted EPS, with a benefit of roughly 250 basis points to margin and $0.17 to EPS.
- Volume growth, particularly in U.S. retail and commercial and industrial channels in Tools & Outdoor, drove organic sales growth.
- Productivity gains supported segment margin improvement, along with favorable product mix and tariff refund benefits.
Quarterly results beat on earnings
Stanley Black & Decker reported second-quarter adjusted earnings per share that beat analyst expectations, helped by tariff refunds, while revenue was flat and slightly missed estimates.
