Stanley Black & Decker Reports Q3 Earnings Beat on EPS with Revenue Miss
Stanley Black & Decker (SWK) reported third-quarter financial results featuring a significant beat on Non-GAAP earnings per share (EPS), which came in at $2.31, exceeding expectations by $0.75. However, the company's revenue of $3.7 billion fell short of estimates by approximately $30 million, representing a 1.6% decline year-over-year. Despite the slight revenue miss, management expressed confidence in long-term profitability by significantly raising its full-year 2026 adjusted EPS guidance to a range of $5.95-$6.25, well above previous estimates and consensus expectations. The company also increased its GAAP EPS guidance for the period.
Tickers: $SWK
Topics: earnings beat financial results guidance raise revenue miss