Quarterly ResultApr 29, 2026, 06:14 AM
SWK Q1 Net Sales $3.8B, Adj EPS $0.80; Completes CAM Sale for $1.6B Net
AI Summary
Stanley Black & Decker reported first-quarter 2026 net sales of $3.8 billion, up 3% year-over-year, with adjusted EPS of $0.80. The company successfully completed the sale of Consolidated Aerospace Manufacturing (CAM) for approximately $1.6 billion in net proceeds, primarily used for debt reduction. This strategic divestment led to a raised 2026 GAAP EPS guidance to $4.15-$5.35, while adjusted EPS guidance was reaffirmed at $4.90-$5.70, reflecting confidence in achieving full-year targets.
Key Highlights
- Completed sale of Consolidated Aerospace Manufacturing (CAM) for ~$1.6 billion net proceeds.
- Q1 2026 Net Sales: $3.8 billion, up 3% YoY (flat organically).
- Q1 2026 GAAP EPS: $0.39; Adjusted EPS: $0.80.
- Q1 2026 Adjusted Gross Margin: 30.2%, down 20 basis points YoY.
- Tools & Outdoor segment sales: $3.3 billion, up 2% YoY (down 1% organically).
- Engineered Fastening segment sales: $511 million, up 10% YoY (up 7% organically).
- Raised 2026 GAAP EPS guidance to $4.15-$5.35; reaffirmed adjusted EPS guidance at $4.90-$5.70.
- Free cash flow expected $500-$700 million (including CAM taxes/fees).