Stanley Black & Decker's first-quarter earnings report showed a mixed performance, with adjusted earnings of $2.10 per share exceeding expectations but revenue of $4.45 billion falling short by 3.06%. The company also cut its full-year earnings outlook, leading to a 7% drop in shares during premarket trading. Despite rising costs reflected in a 34.7% increase in the cost of sales and a decrease in gross margin, the firm identified improvements in component supply and price realization, with adjusted earnings anticipated to range between $9.50 and $10.50 for 2022.
“Stanley Black & Decker, Inc. · is scheduled to release · first-quarter 2022 results · Apr 28, before market open”
“Stanley Black & Decker, Inc. · reported better-than-expected results in the last four quarters · earnings surprise · 11.22%”
“Stanley Black & Decker, Inc. · had earnings · of $2.14 · 3.88% above the Zacks Consensus Estimate of $2.06”
“Stanley Black & Decker, Inc. · is headquartered in · New Britain, CT · manufactures and provides tools”
“Stanley Black & Decker, Inc. · currently has a Zacks Rank · Zacks Rank #3 · +0.18%”
“Stanley Black & Decker · is headquartered in · USA”
“Stanley Black & Decker · is · largest tool company”
“Stanley Black & Decker · operates · manufacturing facilities · nearly 50”
“Stanley Black & Decker · has · employees · more than 60,000”
“Stanley Black & Decker, Inc. SWK · has reported · mixed first-quarter 2022 results”
“Stanley Black & Decker, Inc. SWK · earnings surpassed the Zacks Consensus Estimate by · 25%”
“Stanley Black & Decker, Inc. SWK · sales lagged the Zacks Consensus Estimate by · 3.1%”