Stanley Black & Decker Reports Q4 Non-GAAP EPS of -$0.10, Beating Expectations by $0.24 in 2023.
February 4, 2023
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Stanley Black & Decker ($NYSE:SWK) (SWK) is an American industrial company that manufactures a broad range of products for both consumer and professional use. It is a leading provider of industrial tools, storage solutions, security products, and more. SWK is a publicly traded company and its shares are listed on the New York Stock Exchange. In their fourth quarter earnings report for 2023, Stanley Black & Decker reported a non-GAAP earnings per share of -$0.10, beating analyst expectations by $0.24. This strong performance was driven by higher net sales and improved gross margin, despite the negative impacts of the pandemic on the company’s operations.
The increase was driven by higher sales in all three segments: Industrial, Security and Storage Solutions, and Consumer. Overall, Stanley Black & Decker reported a strong fourth quarter performance and beat analyst expectations. The strong performance was driven by higher net sales and improved gross margin, despite the negative impacts of the pandemic on the company’s operations. This performance sets the stage for continued growth in 2023 and beyond.
Share Price
In response to the news, STANLEY BLACK & DECKER stock opened at $92.4 and closed at $95.9, a 5.2% rise from its prior closing price of 91.2. The company operates in three segments: Industrial, Security, and Consumer Solutions. It offers a comprehensive suite of products and services, including hand tools, power tools, storage solutions and security products. The company is well-positioned to capitalize on the growth opportunities that lie ahead and create long-term value for its shareholders. 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 |
| 17.28k | 1.45k | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SWK. More…
| Operations | Investing | Financing |
| -1.74k | 1.47k | 488.2 |
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 |
| 25.52k | 15.98k | 64.53 |
Key Ratios Snapshot
Some of the financial key ratios for SWK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.4% | -15.6% | 3.8% |
| FCF Margin | ROE | ROA |
| -13.5% | 4.5% | 1.6% |
Analysis
GoodWhale has conducted an analysis of STANLEY BLACK & DECKER’s wellbeing, and based on their Risk Rating, the company is a medium risk investment. This rating is based on a variety of financial and business aspects. GoodWhale’s analysis has identified two risk warnings in the company’s income sheet and balance sheet. The Risk Rating is determined by GoodWhale’s proprietary algorithm, which takes into account a variety of factors such as liquidity, leverage, and asset quality. This helps investors make informed decisions when considering investing in the company. GoodWhale has also looked at the company’s cash flow and overall financial health. They have determined that although the company is a medium risk investment, its overall financial health has remained strong over the past few years. This is encouraging news for potential investors. GoodWhale also provides potential investors with additional insights on the company’s operations. They have identified areas of potential improvement and identified opportunities for further growth. They also provide recommendations on how to improve the company’s financial health and mitigate its risks. For those interested in learning more about STANLEY BLACK & DECKER’s wellbeing, becoming a registered user with GoodWhale allows access to further details regarding the company’s financials and operations. Through this access, investors can gain greater insights into the company and make informed investing decisions. 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 (SWK) reported their 4th quarter earnings for 2023, with non-GAAP earnings of -$0.10, beating expectations by $0.24. The stock price moved up the same day. This is a good sign for investors, as it shows that the company is continuing to make positive financial gains. The company has been making strides in cost-cutting initiatives, which should help them reduce their losses over the long-term.
Additionally, the company has been able to maintain strong balance sheets and cash flows, which provides further assurance to investors that they are a financially sound investment. Overall, Stanley Black & Decker is a company worth considering for investors looking for long-term returns.
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