The earnings call reflected a generally positive outlook with strong progress in gross margin expansion, stable revenues, significant debt reduction, and successful supply chain transformation. However, challenges such as automotive market softness, weak consumer environment, and potential tariff impacts were noted.

Company Guidance

During the fourth quarter and full year of 2024, Stanley Black & Decker, Inc. demonstrated significant progress in several key metrics despite a challenging macroeconomic environment. The company achieved full-year revenues of $15.4 billion, with a notable mid-single-digit organic growth in its DEWALT brand and a 22% increase in aerospace fastening. The adjusted gross margin expanded to over 31% in Q4 and 30% for the year, marking a 400 basis point improvement primarily due to supply chain enhancements. Stanley Black & Decker also reported an adjusted EBITDA of $1.6 billion, reflecting a margin of 10.1%, an increase of 290 basis points compared to 2023. The company generated approximately $750 million in free cash flow, which, along with proceeds from business divestitures, facilitated a $1.1 billion reduction in debt. Looking ahead to 2025, the company targets adjusted EPS of $5.25, plus or minus $0.50, and anticipates free cash flow between $650 to $850 million, focusing on strategic growth investments and supply chain optimizations while preparing to manage potential tariff impacts.

Gross Margin and Revenue Stability

Delivered full year revenues of $15.4 billion, flat on an organic basis, amidst a challenging market. Achieved adjusted gross margin greater than 31% in the fourth quarter and 30% for the full year, with a full year margin expansion of 400 basis points.

Organic Growth in Key Areas

DEWALT grew mid-single digits organically. Aerospace fastening achieved 22% organic growth.

Debt Reduction and Cash Flow

Generated $750 million in free cash flow, supporting $1.1 billion of debt reduction.

Supply Chain Transformation Success

Achieved approximately $500 million of pre-tax run rate cost savings in 2024, with a total of $1.5 billion since the program's inception.

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Stanley Black & Decker (SWK) Earnings, Revenues Date & History

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SWK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2025	2025 (Q1)	0.68 / -	0.56	―	―	―
Feb 05, 2025	2024 (Q4)	1.27 / 1.49	0.92	61.96% (+0.57)
Oct 29, 2024	2024 (Q3)	1.11 / 1.22	1.05	16.19% (+0.17)
Jul 30, 2024	2024 (Q2)	0.84 / 1.09	-0.11	1090.91% (+1.20)
May 02, 2024	2024 (Q1)	0.55 / 0.56	-0.41	236.59% (+0.97)
Feb 01, 2024	2023 (Q4)	0.79 / 0.92	-0.1	1020.00% (+1.02)
Oct 27, 2023	2023 (Q3)	0.83 / 1.05	0.76	38.16% (+0.29)
Aug 01, 2023	2023 (Q2)	-0.36 / -0.11	1.77	-106.21% (-1.88)
May 04, 2023	2023 (Q1)	-0.73 / -0.41	2.1	-119.52% (-2.51)
Feb 02, 2023	2022 (Q4)	-0.34 / -0.10	2.43	-104.12% (-2.53)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SWK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2025	$86.66	$85.62	-1.20%
Oct 29, 2024	$101.98	$93.03	-8.78%
Jul 30, 2024	$94.78	$104.24	+9.98%
May 02, 2024	$89.49	$82.76	-7.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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