STANLEY BLACK & DECKER Reports Second Quarter Financials for 2023
August 20, 2023
🌥️Earnings Overview
On August 1st 2023, STANLEY BLACK & DECKER ($NYSE:SWK) announced their financial results for the second quarter of fiscal year 2023, which ended on June 30th 2023. Revenue for the quarter totaled USD 4158.9 million, staying steady compared to the same quarter of the previous year. NET income reported was USD 177.0 million, with no change from the year before.
Stock Price
The stock opened at $100.0 and closed at $104.0, representing an increase of 4.7% from the previous closing price of 99.3. During the quarter, STANLEY BLACK & DECKER reported a strong performance in terms of both sales and profits, driven by an increase in demand for their products both in the US and globally. Looking ahead, STANLEY BLACK & DECKER’s CEO expressed confidence in the company’s future prospects and reiterated their commitment to driving profitable growth through product innovation and strategic investments. Going forward, the company plans to continue to focus on creating long term value for its shareholders and providing innovative products to meet the needs of its customers. 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 has conducted an analysis of STANLEY BLACK & DECKER’s fundamentals and the results are found to be interesting. According to our Star Chart, STANLEY BLACK & DECKER is strong in dividend, medium in asset, profitability and weak in growth. STANLEY BLACK & DECKER has an intermediate health score of 6/10 with regard to its cashflows and debt, which suggests that it is likely to sustain future operations in times of crisis. Based on these results, we have classified STANLEY BLACK & DECKER as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This makes STANLEY BLACK & DECKER an attractive option for investors who are looking for a steady return on their investments. Investors looking for long-term income or who are seeking to build retirement income may find STANLEY BLACK & DECKER to be an ideal option due to its reliable dividend payments. 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 their financial results for the second quarter of 2023, with total revenue of USD 4158.9 million and net income of USD 177.0 million, both remaining flat year over year. Despite a stagnant performance, the company’s stock price moved up the same day of the report. This could be a sign of optimism towards Stanley Black & Decker’s ability to maintain profitability in an uncertain economic environment.
Analysts are likely to focus on the company’s cost-control strategies, new product lines and pricing strategies going forward, as well as their ability to navigate changing market conditions. Investors should consider the company’s track record and future prospects when evaluating their long-term investment potential.
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