Reports Q4 revenue $3.99B, consensus $3.88B. Donald Allan, Stanley Black & Decker’s president and CEO, commented, "In the fourth quarter we took another meaningful step forward on our journey to streamline and optimize Stanley Black & Decker. We continued to focus on advancing our simplification and transformation strategy and in the second half of 2022 we improved customer fill rates, reduced inventories by approximately $800 million, and realized $200 million in efficiency benefits from our leaner organizational structure as well as enhanced cost controls."
Published first on TheFly
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