Stanley Black & Decker Q3 profit beats estimates, sets $1 billion additional buyback
SWK•Stanley Black & Decker reported Q3 adjusted EPS of $2.31, beating the $1.56 estimate, on revenue of $3.73 billion, slightly below expectations. It authorized an additional $1 billion buyback and raised its 2026 earnings and free cash flow outlook.
1. Quarterly results
Stanley Black & Decker reported Q3 net income of $272.1 million and adjusted EPS of $2.31, compared with analyst expectations of $1.56. Revenue was $3.73 billion, slightly below the $3.74 billion consensus. The company said tariff refunds boosted gross margin and adjusted EPS, while higher volume in U.S. retail and commercial and industrial channels drove organic growth in Tools & Outdoor.
2. Buyback and outlook
The company repurchased $250 million of shares and authorized an additional $1 billion buyback. It raised its 2026 GAAP EPS outlook to $5.45-$5.85 from $4.60-$5.45, adjusted EPS guidance to $5.95-$6.25 from $5.20-$5.80, and free cash flow expectations to $1.0 billion-$1.2 billion from $600 million-$800 million.
