Stanley Black & Decker reports Q4 adjusted EPS 92c, consensus 79c

Reports Q4 revenue $3.74B, consensus $3.84B. Donald Allan, Stanley Black & Decker’s president and CEO, commented, “Our performance in 2023 reflects our relentless focus on the successful execution of the strategic business transformation objectives and supports a strong foundation for improved profitability in 2024. Stanley Black & Decker today is a more streamlined business, built on the strength of our people and culture, with an intensified focus on our core market leadership positions in Tools & Outdoor and Industrial. Despite a challenging market backdrop that lowered volume expectations throughout the year, our disciplined efforts drove adjusted gross margin* improvements in each quarter and strong free cash flow* consistent with our plan, two of our most important areas of focus for 2023.”