Stanley Black & Decker Provides 2027 Financial Targets

Dow Jones11-21 04:03

By Connor Hart

Stanley Black & Decker issued a slate of guidance and backed its full-year outlook at its Capital Markets Day with investors.

The power- and hand-tools provider on Wednesday provided 2027 financial targets. These included net sales between $16.5 billion and $17 billion--representing a low-single digit three-year compound annual growth rate--and adjusted earnings before interest, taxes, depreciation and amortization between $2.4 billion and $2.6 billion.

"We remain focused on executing strategies to deliver further supply chain improvements as we drive toward our target of 35%+ adjusted gross margins, support incremental growth investments and pursue compelling opportunities to push beyond the transformation milestones," Chief Financial Officer Patrick Hallinan said.

The company also reaffirmed its 2024 outlook for per-share earnings of between $1.15 and $1.75, as well as adjusted per-share earnings between $3.90 and $4.30. The difference between these forecasts is primarily due to charges related to supply chain restructurings, environmental reserve adjustments and a brand impairment charge, the company said.

For the year, analysts surveyed by FactSet expect earnings of $1.69 a share, as well as adjusted earnings of $4.15 a share.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 20, 2024 15:03 ET (20:03 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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These included net sales between $16.5 billion and $17 billion--representing a low-single digit three-year compound annual growth rate--and adjusted earnings before interest, taxes, depreciation and amortization between $2.4 billion and $2.6 billion. \n\n\n  \"We remain focused on executing strategies to deliver further supply chain improvements as we drive toward our target of 35%+ adjusted gross margins, support incremental growth investments and pursue compelling opportunities to push beyond the transformation milestones,\" Chief Financial Officer Patrick Hallinan said. \n\n\n  The company also reaffirmed its 2024 outlook for per-share earnings of between $1.15 and $1.75, as well as adjusted per-share earnings between $3.90 and $4.30. The difference between these forecasts is primarily due to charges related to supply chain restructurings, environmental reserve adjustments and a brand impairment charge, the company said. \n\n\n  For the year, analysts surveyed by FactSet expect earnings of $1.69 a share, as well as adjusted earnings of $4.15 a share. \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 20, 2024 15:03 ET (20:03 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485112223"}