Stanley Black & Decker Reports No Change in Revenue and Net Income for Q2 2023
August 15, 2023
🌧️Earnings Overview
For the second quarter ending June 30 2023, STANLEY BLACK & DECKER ($NYSE:SWK) reported total revenue of USD 4158.9 million and net income of USD 177.0 million, with no year-on-year change from the same period in FY2023.
Market Price
Despite the lack of growth in the quarter, the company’s stock opened at $100.0 and closed at $104.0, up by 4.7% from its previous closing price of 99.3. The company attributed the unchanged revenue and income to higher costs associated with product investments, new product launches, and increased selling, general and administrative expenses. Despite the lack of growth, Stanley Black & Decker remains optimistic about its performance in the coming quarters. The company is confident that its new product launches and increased investments in technology and innovation will help to drive future growth and profitability.
Furthermore, Stanley Black & Decker has a strong balance sheet and liquidity position which will help them weather any economic downturns or recessions. Despite the lack of growth in the quarter, the company remains confident about its future prospects and is committed to driving future growth and profitability through increased investments in innovation and technology. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SWK. More…
| Total Revenues | Net Income | Net Margin |
| 16.2k | 788.8 | -0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SWK. More…
| Operations | Investing | Financing |
| 203.6 | 3.75k | -3.86k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SWK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 24.93k | 15.4k | 62.22 |
Key Ratios Snapshot
Some of the financial key ratios for SWK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.9% | -39.9% | 1.0% |
| FCF Margin | ROE | ROA |
| -1.1% | 1.0% | 0.4% |
Analysis
GoodWhale recently conducted an analysis of STANLEY BLACK & DECKER’s wellbeing. Through our Risk Rating, we have concluded that STANLEY BLACK & DECKER is a high risk investment in terms of financial and business aspects. Our tool has also detected two risk warnings in their income sheet and balance sheet. If you are considering investing in STANLEY BLACK & DECKER, we suggest that you become a registered user in GoodWhale to explore the warnings further. Our platform provides you with a comprehensive overview of the company’s finances so you can make an informed decision on whether to invest or not. More…
Peers
In the business world, competition is inevitable. Large companies compete with other large companies, while smaller companies try to gain market share by taking on the big guys. Such is the case with Stanley Black & Decker Inc, a large American company that manufactures tools, hardware, and security products. Azkoyen SA, The Eastern Co, and Sohgo Security Service Co Ltd are all companies that Stanley Black & Decker competes with in the marketplace.
– Azkoyen SA ($LTS:0DOG)
Azkoyen SA is a Spanish company that manufactures vending machines and other related products. The company has a market cap of 142.86 million as of 2022 and a return on equity of 11.63%. Azkoyen was founded in 1947 and is headquartered in Vitoria-Gasteiz, Spain. The company’s products include vending machines for hot and cold beverages, snacks, and cigarettes; and payment systems, coin changers, and bill acceptors. Azkoyen also offers maintenance and repair services for its products.
– The Eastern Co ($NASDAQ:EML)
The Eastern Co is a publicly traded company with a market capitalization of 133.23M as of 2022. The company has a return on equity of 9.56%. The Eastern Co is engaged in the manufacturing of industrial hardware and metal products. The company’s products include hinges, locks, handles, and other hardware for a variety of applications. The Eastern Co has a diversified customer base and serves a variety of industries, including construction, electronics, and others.
– Sohgo Security Service Co Ltd ($TSE:2331)
Sohgo Security Service Co Ltd is a Japanese security company that provides security services to businesses and households. The company has a market cap of 366.47B as of 2022 and a return on equity of 9.44%. The company offers a wide range of security services, including security guards, home security systems, and alarm monitoring services.
Summary
Stanley Black & Decker reported second quarter revenue and net income that were unchanged year-over-year, at USD 4158.9 million and USD 177.0 million respectively. The stock price moved up on the news, suggesting that the market sees potential in the company’s financial position. Investors looking to capitalize on this could consider buying the stock, while those looking to take on less risk could consider investing in the company’s bonds. Longer-term investors may want to consider capitalizing on growth opportunities through the company’s products and services, while more conservative investors should look to the company’s dividend payments for passive income.
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