STANLEY BLACK & DECKER Reports Unchanged Revenue for Q2 FY2023
August 12, 2023
🌥️Earnings Overview
On June 30 2023, STANLEY BLACK & DECKER ($NYSE:SWK) reported its earnings results for the second quarter of FY2023, which showed total revenue of USD 4158.9 million, unchanged from the same quarter of the previous year. Net income also stayed stagnant at USD 177.0 million, with no year-over-year change.
Market Price
The stock opened at $100.0 and closed at $104.0, up by 4.7% from the previous closing price of 99.3. Overall, these financial results are positive indicators for SBD and investors have reacted positively to these numbers. With the second half of the year still to come, it remains to be seen whether SBD can continue to grow its revenue and profits throughout the rest of fiscal year 2023. 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 conducted an analysis of STANLEY BLACK & DECKER’s financials and found that its intermediate health score was 6/10 as indicated on the Star Chart. This suggests that it could be able to ride out any crisis without the risk of bankruptcy. We classified this company as a ‘cow’, meaning it is likely to pay out consistent and sustainable dividends. Therefore, we recommend this type of company to income investors looking for a steady stream of dividend payments. STANLEY BLACK & DECKER is strong in dividend payments, medium in asset strength, profitability and growth. If you are looking for a company to invest in that provides a steady source of income, STANLEY BLACK & DECKER might be a good choice for you. 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 (SBD) reported their second-quarter earnings for FY2023, with revenue of USD 4158.9 million and net income of USD 177.0 million, maintaining the same figures as the prior year. This was likely well-received by investors, as the stock price saw an increase on the day of the announcement. Moving forward, investors should monitor SBD’s changes in revenue and net income in order to assess the company’s performance and make more informed decisions about investing in the company.
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