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Stanley Black & Decker — Q3 2026 Press Release Financials Final (company IR deck)
Stanley Black & Decker (SWK) · 10 slides · Filed Nov 4, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All SWK deck slides
Slide 1 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
2026 2025 2026 2025 NET SALES 3,731.6 $ 3,756.0 $ 11,538.7 $ 11,445.8 $ COSTS AND EXPENSES Cost of sales 2,278.1 2,576.9 7,622.1 8,079.4 Gross profit 1,453.5 1,179.1 3,916.6 3,366.4 % of Net Sales 39.0% 31.4% 33.9% 29.4% Selling, general and administrative 904.5 791.0 2,736.4 2,531.1 % of Net Sales 24.2% 21.1% 23.7% 22.1% Other - net 64.3 72.2 159.1 187.4 Loss (gain) on sales of businesses 20.4 - (250.2) 0.3 Asset impairment charges 19.7 169.1 47.7 169.1 Restructuring charges 29.5 32.1 89.5 52.1 Income from operations 415.1 114.7 1,134.1 426.4 Interest - net 56.9 79.1 192.1 236.5 EARNINGS BEFORE INCOME TAXES 358.2 35.6 942.0 189.9 Income taxes 86.1 (15.8) 259.0 (53.8) NET EARNINGS 272.1 $ 51.4 $ 683.0 $ 243.7 $ EARNINGS PER SHARE OF COMMON STOCK Basic 1.84 $ 0.34 $ 4.56 $ 1.61 $ Diluted 1.83 $ 0.34 $ 4.54 $ 1.61 $ DIVIDENDS PER SHARE OF COMMON STOCK 0.84 $ 0.83 $ 2.50 $ 2.47 $ WEIGHTED-AVERAGE SHARES OUTSTANDING (in thousands) Basic 147,597 151,341 149,714 151,195 Diluted 148,626 151,958 150,462 151,800 STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, Millions of Dollars Except Per Share Amounts) YEAR-TO-DATE THIRD QUARTER 8
Slide 2 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
October 3, January 3, 2026 2026 ASSETS Cash and cash equivalents 741.2 $ 280.1 $ Accounts and notes receivable, net 1,370.5 919.7 Inventories, net 3,841.5 4,157.1 Current assets held for sale 89.9 262.4 Other current assets 376.9 359.7 Total current assets 6,420.0 5,979.0 Property, plant and equipment, net 1,644.1 1,831.8 Goodwill and other intangibles, net 10,062.7 10,374.8 Long-term assets held for sale 212.4 1,273.9 Other assets 1,705.0 1,784.2 Total assets 20,044.2 $ 21,243.7 $ LIABILITIES AND SHAREOWNERS' EQUITY Short-term borrowings - $ 605.6 $ Current maturities of long-term debt - 554.8 Accounts payable 2,423.4 2,163.0 Accrued expenses 2,035.8 1,878.1 Current liabilities held for sale 62.4 44.2 Total current liabilities 4,521.6 5,245.7 Long-term debt 4,704.7 4,703.3 Long-term liabilities held for sale 16.3 9.4 Other long-term liabilities 1,960.1 2,230.7 Shareowners' equity 8,841.5 9,054.6 Total liabilities and shareowners' equity 20,044.2 $ 21,243.7 $ (Unaudited, Millions of Dollars) STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS 9
Slide 3 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
2026 2025 2026 2025 OPERATING ACTIVITIES Net earnings 272.1 $ 51.4 $ 683.0 $ 243.7 $ Depreciation 84.6 92.9 270.8 276.7 Amortization 26.2 37.3 82.4 112.0 Loss (gain) on sales of businesses 20.4 - (250.2) 0.3 Asset impairment charges 19.7 169.1 47.7 169.1 Changes in working capital1 34.2 (38.7) (72.5) (380.1) Other 201.3 (90.8) 271.6 (406.2) Net cash provided by operating activities 658.5 221.2 1,032.8 15.5 INVESTING AND FINANCING ACTIVITIES Capital and software expenditures (73.5) (65.9) (196.9) (210.5) Proceeds from sales of businesses, net of cash sold - - 1,814.7 5.0 Payments on long-term debt (53.6) (350.1) (553.7) (850.4) Net short-term commercial paper borrowings (repayments) - 287.9 (604.8) 1,325.9 Purchases of common stock for treasury (250.9) (2.2) (518.3) (14.7) Cash settlement on forward stock purchase contract - - (125.0) - Cash dividends on common stock (122.9) (125.8) (373.2) (374.3) Other 13.1 2.9 24.2 19.9 Net cash used in investing and financing activities (487.8) (253.2) (533.0) (99.1) Effect of exchange rate changes on cash (25.6) (5.8) (38.1) 68.3 Increase (decrease) in cash, cash equivalents and restricted cash 145.1 (37.8) 461.7 (15.3) Cash, cash equivalents and restricted cash, beginning of period 604.0 315.3 287.4 292.8 Cash, cash equivalents and restricted cash, end of period 749.1 $ 277.5 $ 749.1 $ 277.5 $ Free Cash Flow Computation2 Net cash provided by operating activities 658.5 $ 221.2 $ 1,032.8 $ 15.5 $ Less: capital and software expenditures (73.5) (65.9) (196.9) (210.5) Free cash flow (before dividends) 585.0 $ 155.3 $ 835.9 $ (195.0) $ Reconciliation of Cash, Cash Equivalents and Restricted Cash October 3, 2026 January 3, 2026 Cash and cash equivalents 741.2 $ 280.1 $ Restricted cash included in Other current assets 7.4 7.3 Cash and cash equivalents included in Current assets held for sale 0.5 - Cash, cash equivalents and restricted cash 749.1 $ 287.4 $ 1 2 Free cash flow is defined as cash flow from operations less capital and software expenditures. Management considers free cash flow an important measure of its liquidity, as well as its ability to fund future growth and to provide a return to the shareowners, and is useful information for investors. Free cash flow does not include deductions for mandatory debt service, other borrowing activity, discretionary dividends on the Company’s common stock and business acquisitions, among other items. Working capital is comprised of accounts receivable, inventory, accounts payable and deferred revenue. STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES SUMMARY OF CASH FLOW ACTIVITY (Unaudited, Millions of Dollars) THIRD QUARTER YEAR-TO-DATE 10
Slide 4 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
NET SALES Tools & Outdoor 3,336.1 $ 3,255.5 $ 10,236.0 $ 9,997.8 $ Engineered Fastening1 395.5 500.5 1,302.7 1,448.0 Total 3,731.6 $ 3,756.0 $ 11,538.7 $ 11,445.8 $ SEGMENT PROFIT 2 Tools & Outdoor 568.7 $ 383.2 $ 1,233.7 $ 910.5 $ Engineered Fastening1 46.1 $ 59.8 $ 158.6 $ 133.8 $ CORPORATE OVERHEAD 2 (65.8) $ (54.9) $ (212.1) $ (209.0) $ Segment Profit as a Percentage of Net Sales Tools & Outdoor 17.0% 11.8% 12.1% 9.1% Engineered Fastening1 11.7% 11.9% 12.2% 9.2% 1 2 On April 6, 2026, the Company completed the previously announced sale of its Consolidated Aerospace Manufacturing (“CAM”) business. Based on management’s commitment to sell this business, the assets and liabilities related to CAM were classified as held for sale on the Company’s Condensed Consolidated Balance Sheets as of January 3, 2026. For the three months ended October 3, 2026, the net sales and segment profit for Engineered Fastening did not include results of the CAM business. For the nine months ended October 3, 2026, net sales and segment profit for Engineered Fastening included $117.0 million and $22.0 million, respectively, related to the CAM business. Segment profit is defined as net sales minus cost of sales and SG&A (aside from corporate overhead expenses). The corporate overhead element of SG&A, which is not allocated to the business segments for purposes of determining segment profit, consists of the costs associated with the executive management team and expenses related to centralized functions that benefit the entire Company but are not directly attributable to the business segments, such as legal and corporate finance functions, as well as expenses for the world headquarters facility. STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES BUSINESS SEGMENT INFORMATION (Unaudited, Millions of Dollars) THIRD QUARTER 2026 2025 YEAR-TO-DATE 2025 2026 11
Slide 5 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
GAAP Non-GAAP Adjustments Non-GAAP1 Gross profit 1,453.5 $ 16.6 $ 1,470.1 $ % of Net Sales 39.0% 39.4% Selling, general and administrative 904.5 (2.8) 901.7 % of Net Sales 24.2% 24.2% Earnings before income taxes 358.2 89.3 447.5 Income taxes2 86.1 18.0 104.1 Net earnings 272.1 71.3 343.4 Diluted earnings per share of common stock 1.83 $ 0.48 $ 2.31 $ GAAP Non-GAAP Adjustments Non-GAAP1 Gross profit 1,179.1 $ 8.0 $ 1,187.1 $ % of Net Sales 31.4% 31.6% Selling, general and administrative 791.0 (4.1) 786.9 % of Net Sales 21.1% 21.0% Earnings before income taxes 35.6 217.6 253.2 Income taxes2 (15.8) 51.3 35.5 Net earnings 51.4 166.3 217.7 Diluted earnings per share of common stock 0.34 $ 1.09 $ 1.43 1 2 The Non-GAAP 2026 and 2025 information, as reconciled to GAAP above, is considered relevant to aid analysis and understanding of the Company’s results and business trends aside from the material impact of certain gains and charges and ensures appropriate comparability to operating results of prior periods. See further detail on Non-GAAP adjustments on page 16. Income taxes attributable to Non-GAAP adjustments are determined by calculating income taxes on pre-tax earnings, both inclusive and exclusive of Non-GAAP adjustments, taking into consideration the nature of the Non-GAAP adjustments and the applicable statutory income tax rates. THIRD QUARTER 2025 THIRD QUARTER 2026 STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP EARNINGS FINANCIAL MEASURES TO CORRESPONDING NON-GAAP FINANCIAL MEASURES (Unaudited, Millions of Dollars Except Per Share Amounts) 12
Slide 6 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
GAAP Non-GAAP Adjustments Non-GAAP1 Gross profit 3,916.6 $ 50.5 $ 3,967.1 $ % of Net Sales 33.9% 34.4% Selling, general and administrative 2,736.4 (13.5) 2,722.9 % of Net Sales 23.7% 23.6% Earnings before income taxes 942.0 (51.0) 891.0 Income taxes2 259.0 (69.3) 189.7 Net earnings 683.0 18.3 701.3 Diluted earnings per share of common stock 4.54 $ 0.12 $ 4.66 $ GAAP Non-GAAP Adjustments Non-GAAP1 Gross profit 3,366.4 $ 44.7 $ 3,411.1 $ % of Net Sales 29.4% 29.8% Selling, general and administrative 2,531.1 (78.7) 2,452.4 % of Net Sales 22.1% 21.4% Earnings before income taxes 189.9 332.1 522.0 Income taxes2 (53.8) 80.6 26.8 Net earnings 243.7 251.5 495.2 Diluted earnings per share of common stock 1.61 $ 1.65 $ 3.26 1 2 The Non-GAAP 2026 and 2025 information, as reconciled to GAAP above, is considered relevant to aid analysis and understanding of the Company’s results and business trends aside from the material impact of certain gains and charges and ensures appropriate comparability to operating results of prior periods. See further detail on Non-GAAP adjustments on page 16. Income taxes attributable to Non-GAAP adjustments are determined by calculating income taxes on pre-tax earnings, both inclusive and exclusive of Non-GAAP adjustments, taking into consideration the nature of the Non-GAAP adjustments and the applicable statutory income tax rates. YEAR-TO-DATE 2025 STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP EARNINGS FINANCIAL MEASURES TO CORRESPONDING NON-GAAP FINANCIAL MEASURES (Unaudited, Millions of Dollars Except Per Share Amounts) YEAR-TO-DATE 2026 13
Slide 7 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
SEGMENT PROFIT Tools & Outdoor 568.7 $ 18.2 $ 586.9 $ Engineered Fastening 46.1 $ 0.3 $ 46.4 $ CORPORATE OVERHEAD (65.8) $ 0.9 $ (64.9) $ Segment Profit as a Percentage of Net Sales Tools & Outdoor 17.0% 17.6% Engineered Fastening 11.7% 11.7% SEGMENT PROFIT Tools & Outdoor 383.2 $ 6.8 $ 390.0 $ Engineered Fastening 59.8 $ 4.1 $ 63.9 $ CORPORATE OVERHEAD (54.9) $ 1.2 $ (53.7) $ Segment Profit as a Percentage of Net Sales Tools & Outdoor 11.8% 12.0% Engineered Fastening 11.9% 12.8% 1 2 The 2026 Non-GAAP adjustments for the Tools & Outdoor segment relate primarily to footprint actions. The 2025 Non- GAAP adjustments for the business segments relate primarily to footprint actions and other costs associated with the supply chain transformation. See further discussion on page 16. The Non-GAAP 2026 and 2025 business segment and corporate overhead information, as reconciled to GAAP above, is considered relevant to aid analysis and understanding of the Company’s results and business trends aside from the material impact of certain gains and charges and ensures appropriate comparability to operating results of prior periods. GAAP Non-GAAP Adjustments1 Non-GAAP2 THIRD QUARTER 2025 THIRD QUARTER 2026 GAAP Non-GAAP Adjustments1 Non-GAAP2 STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP SEGMENT PROFIT FINANCIAL MEASURES TO CORRESPONDING NON-GAAP FINANCIAL MEASURES (Unaudited, Millions of Dollars) 14
Slide 8 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
SEGMENT PROFIT Tools & Outdoor 1,233.7 $ 61.3 $ 1,295.0 $ Engineered Fastening 158.6 $ 0.6 $ 159.2 $ CORPORATE OVERHEAD (212.1) $ 2.1 $ (210.0) $ Segment Profit as a Percentage of Net Sales Tools & Outdoor 12.1% 12.7% Engineered Fastening 12.2% 12.2% SEGMENT PROFIT Tools & Outdoor 910.5 $ 70.2 $ 980.7 $ Engineered Fastening 133.8 $ 29.1 $ 162.9 $ CORPORATE OVERHEAD (209.0) $ 24.1 $ (184.9) $ Segment Profit as a Percentage of Net Sales Tools & Outdoor 9.1% 9.8% Engineered Fastening 9.2% 11.3% 1 2 The 2026 Non-GAAP adjustments for the Tools & Outdoor segment relate primarily to footprint actions. The 2025 Non- GAAP adjustments for the business segments relate primarily to separation benefit costs associated with a voluntary retirement program as well as footprint actions and other costs associated with the supply chain transformation. The 2025 Non- GAAP adjustments for Corporate overhead primarily consist of voluntary retirement program costs and transition services costs related to previously divested businesses. See further discussion on page 16. The Non-GAAP 2026 and 2025 business segment and corporate overhead information, as reconciled to GAAP above, is considered relevant to aid analysis and understanding of the Company’s results and business trends aside from the material impact of certain gains and charges and ensures appropriate comparability to operating results of prior periods. GAAP Non-GAAP Adjustments1 Non-GAAP2 YEAR-TO-DATE 2025 GAAP Non-GAAP Adjustments1 Non-GAAP2 YEAR-TO-DATE 2026 STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP SEGMENT PROFIT FINANCIAL MEASURES TO CORRESPONDING NON-GAAP FINANCIAL MEASURES (Unaudited, Millions of Dollars) 15
Slide 9 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
2026 2025 2026 2025 Net earnings 272.1 $ 51.4 $ 683.0 $ 243.7 $ % of Net Sales 7.3% 1.4% 5.9% 2.1% Interest - net 56.9 79.1 192.1 236.5 Income taxes 86.1 (15.8) 259.0 (53.8) Depreciation 84.6 92.9 270.8 276.7 Amortization 26.2 37.3 82.4 112.0 EBITDA1 525.9 $ 244.9 $ 1,487.3 $ 815.1 $ % of Net Sales 14.1% 6.5% 12.9% 7.1% Non-GAAP adjustments before income taxes 89.3 217.6 (51.0) 332.1 Less: Accelerated depreciation included in Non-GAAP adjustments before income taxes 6.1 1.5 26.8 6.2 Adjusted EBITDA1 609.1 $ 461.0 $ 1,409.5 $ 1,141.0 $ % of Net Sales 16.3% 12.3% 12.2% 10.0% 2026 2025 2026 2025 Supply Chain Transformation Costs: Footprint Rationalization2 16.5 $ 4.6 $ 50.7 $ 16.6 $ Material Productivity & Operational Excellence - 3.9 - 11.9 Voluntary retirement program3 - - (0.5) 11.9 Other charges 0.1 (0.5) 0.3 4.3 Gross profit 16.6 $ 8.0 $ 50.5 $ 44.7 $ Supply Chain Transformation Costs: Footprint Rationalization2 1.4 $ 4.0 $ 10.3 $ 15.1 $ Complexity Reduction & Operational Excellence4 - 4.4 - 24.9 Transition services costs related to previously divested businesses 1.3 - 3.2 8.4 Voluntary retirement program3 - - (2.7) 33.5 Other charges 0.1 (4.3) 2.7 (3.2) Selling, general and administrative 2.8 $ 4.1 $ 13.5 $ 78.7 $ Income related to providing transition services to previously divested businesses (1.4) $ - $ (3.3) $ (10.3) $ Voluntary retirement program3 - - - 6.2 Deal-related costs and other5 1.7 4.3 1.3 (8.7) Other, net 0.3 $ 4.3 $ (2.0) $ (12.8) $ Loss (gain) on sales of businesses 20.4 $ - $ (250.2) $ 0.3 $ Asset impairment charges6 19.7 169.1 47.7 169.1 Restructuring charges 29.5 32.1 89.5 52.1 Non-GAAP adjustments before income taxes 89.3 $ 217.6 $ (51.0) $ 332.1 $ 1 2 3 4 5 6 Includes an $8.1 million gain on sale of a distribution center in 2025 as part of the supply chain transformation. Asset impairment charges in 2026 relate to the write-down of assets associated with the exit of a Tools and Outdoor product line and related plant closure in the first quarter of 2026 and a pre-tax impairment loss in the third quarter of 2026 related to the Excel Industries ("Excel") business. The asset impairment charges in 2025 were primarily related to the Lenox, Troy-Bilt, and Irwin trade names, and the write down of certain minority investments pertaining to legacy corporate ventures. EBITDA is earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA represents EBITDA excluding certain gains and charges, as summarized above. EBITDA and Adjusted EBITDA, both Non-GAAP measures, are considered relevant to aid analysis and understanding of the Company’s operating results and ensures appropriate comparability to prior periods. Footprint Rationalization costs in 2026 primarily relate to accelerated depreciation of manufacturing equipment driven by plants closed in the second and third quarters of 2026, as well as site transformation and re-configuration costs. Footprint Rationalization costs in 2025 primarily relate to site transformation and re-configuration costs. Facility exit costs related to site closures are reported in Restructuring charges. In June 2025, the Company implemented a voluntary retirement program (“VRP”) to right-size the Company’s corporate and support functions to align with a more focused portfolio following recent divestitures and more streamlined operations as part of the supply chain transformation. The costs associated with the VRP relate to separation benefits provided to eligible employees who voluntarily retired from the Company. Complexity Reduction & Operational Excellence costs in 2025 primarily related to third-party consulting fees to provide expertise in identifying business model changes and quantifying related cost savings opportunities within the Company’s Engineered Fastening business, developing a detailed program and related governance, and assisting the Company with the implementation of actions necessary to achieve the identified objectives. STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP EARNINGS TO EBITDA (Unaudited, Millions of Dollars) THIRD QUARTER THIRD QUARTER SUMMARY OF NON-GAAP ADJUSTMENTS BEFORE INCOME TAXES (Unaudited, Millions of Dollars) YEAR-TO-DATE YEAR-TO-DATE 16
Slide 10 — STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES
GAAP Revenue Growth Less: Acquisitions Plus: Divestitures Less: Strategic Outdoor Product Line Transition Less: Currency Non-GAAP Organic Growth1 Stanley Black & Decker -1% - % 3% -2% - % 4% Tools & Outdoor 2% - % - % -2% - % 4% North America 3% - % - % -3% - % 6% Europe -1% - % - % - % -2% 1% Rest of World 2% - % - % - % 3% -1% Engineered Fastening -21% - % 22% - % -1% 2% 1 STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES Non-GAAP Organic Growth, as reconciled to GAAP Revenue Growth above, is utilized to describe the change in the Company’s net sales excluding the impacts of foreign currency fluctuations, acquisitions during their initial 12 months of ownership, divestitures, transfers of product lines between segments, and the strategic transition to a licensing model for gas walk-behind outdoor product lines (as previously communicated). Organic growth is also referred to as organic sales growth and organic revenue growth. RECONCILIATION OF GAAP REVENUE GROWTH TO NON-GAAP ORGANIC GROWTH THIRD QUARTER 2026 (Unaudited) 17