Stanley Black & Decker, Inc. (NYSE:SWK) reported stronger-than-expected second-quarter results on Wednesday, with earnings surpassing Wall Street forecasts as the company increased its full-year profit and cash flow guidance.
Shares of the tools and outdoor products manufacturer rose around 3% in pre-market trading following the results
The company reported adjusted earnings of $1.57 per share, comfortably ahead of analysts’ consensus estimate of $1.21. Revenue totalled $4.0 billion, exceeding expectations of $3.96 billion and remaining broadly unchanged from the same quarter last year. Organic Sales and Margins Improve Organic sales increased 3% year over year, supported by continued strength across U.S. retail markets as well as commercial and industrial customer demand.
The quarter also benefited from approximately $0.17 per share in net tariff refunds. Adjusted gross margin expanded by 620 basis points from a year earlier to 33.7%, including an estimated 250 basis point benefit from the tariff refunds. Company Raises 2026 Guidance Following the stronger-than-expected quarter, Stanley Black & Decker increased its financial outlook for the full year.