Stanley Black & Decker reports Q1 adjusted EPS 75c, consensus 66c

Reports Q1 revenue $3.74B, consensus $3.72B. Donald Allan, Jr., Stanley Black & Decker’s president & CEO, commented, “Stanley Black & Decker started the year with a solid first quarter, including one point of organic revenue growth* and year-over-year gross margin expansion, both key measures of continued progress against our strategic objectives. We also extended our streak of revenue growth at our powerhouse pro-focused DEWALT brand. As we continue to make meaningful progress on metrics primarily within our control, I want to thank the organization for staying focused on execution.”