Stanley Black & Decker, Inc. (SWK) Earnings
Stanley Black & Decker, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $1.18. SWK has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +47.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.61 | $0.80 | +31.1% | $3.8B | +2.6% |
| Feb 4, 2026 | $1.27 | $1.41 | +11.0% | $3.7B | -4.5% |
| Nov 4, 2025 | $1.25 | $1.43 | +14.4% | $3.8B | -0.1% |
| Jul 29, 2025 | $0.46 | $1.08 | +134.6% | $3.9B | -1.2% |
| Apr 30, 2025 | $0.66 | $0.75 | +14.5% | $3.7B | +1.5% |
| Feb 5, 2025 | $1.27 | $1.49 | +17.3% | $3.7B | +4.0% |
| May 2, 2024 | $0.55 | $0.56 | +2.8% | $3.9B | +1.1% |
| Feb 1, 2024 | $0.73 | $0.92 | +26.0% | $3.7B | -2.7% |
| Oct 27, 2023 | $0.84 | $1.05 | +25.0% | $4.0B | -0.4% |
| Aug 1, 2023 | $-0.38 | $-0.11 | +71.1% | $4.2B | +0.5% |
| May 4, 2023 | $-0.73 | $-0.41 | +43.8% | $3.9B | -1.9% |
| Feb 2, 2023 | $-0.33 | $-0.10 | +69.7% | $4.0B | +2.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Stanley Black & Decker delivered a solid start to the year, outperforming expectations on top and bottom lines. Tools and outdoor and engineered fastening segments delivered better-than-expected revenue. DEWALT's Perform and Protect lineup attracts professional end users. Stanley brand is positioned to return to growth by mid-year with targeted investments. Ambition is anchored by purposeful brand activation, operational excellence, and accelerated innovation. Efforts in field service, sales teams, product refresh, and new product introductions are driving traction.
Guidance
2026 adjusted earnings per share expected in range of $4.90 to $5.70. Total company revenue expected about flat vs last year, organic revenue to grow low single-digit percentage. Adjusted gross margins anticipated to expand by ~150 basis points. Tools and Outdoor expected low single-digit organic growth in 2026, adjusted segment margin to improve. Engineered fastening expected low single to mid-single digits organic growth, adjusted segment margin to improve. Second quarter net sales expected around $3.9 billion, adjusted earnings per share ~$1.15 to $1.25.
Segment performance
Tools and Outdoor: First quarter revenue was approximately $3.3 billion, up 2% year over year. Organic revenue was down 1% as a 4% benefit from targeted pricing actions was more than offset by 5% of volume pressure. Currency was a 3% benefit in the quarter. Tools and outdoor first quarter adjusted segment margin was 8.7%. Engineered fastening: First quarter revenue grew 10% on a reported basis and 7% organically. Revenue growth was comprised of a 6% volume increase, 1% higher pricing, and a 3% currency tailwind. Adjusted segment margin for engineered fastening was 12% in the quarter. Year-over-year expansion of 190 basis points was primarily due to improved profitability in aerospace and favorable automotive volume and mix.
Risks & headwinds
Forward-looking statements involve risk and uncertainty as actual results may materially differ. Tariff policy changes, inflationary cost pressures from resins, freight, battery metals, tungsten, and Middle East conflict pose risks.
Analyst Q&A
Q: Can you unpack the improvement in gross margin from first half to second half?
A: About four-point improvement due to ~40% net productivity benefits, ~40% adjusting fixed cost structure to volume environment, ~20% ongoing tariff mitigation.
Q: On tariffs, is IEPA benefit temporary?
A: Yes, 301s expected reinstated at similar levels to IEPA, net of benefits offset by raw material inflation.
Q: What underpins outdoor pickup and pro channel conversion?
A: Team execution in preseason, confident in selling season; pro channel growth due to multi-year investment in workflows and product offering.
Q: Status of USMCA tariff initiatives and China tariff mitigation?
A: On pace to be at or exceeding USMCA average, on pace to have less than 5% of US sales from China-sourced product by end of year.
Q: Pro and tradesmen replacement cycle on battery platforms?
A: Professionals' replacement cycle different from DIY, pro segment driven by high intensity use, focus on core battery platforms and tools around them.