5 Dividend Kings to Buy in July with Irresistible Value and Yield Stanley Black & Decker (NYSE:SWK) said second-quarter revenue was in line with the prior year and rose 3% organically, as strength in its U.S. tools business and commercial and industrial channels helped offset…
rtfolio changes and weakness in outdoor products. President and CEO Chris Nelson said the company delivered “profitable organic growth” and remained on track to meet its full-year sales and margin objectives
Adjusted earnings per share totaled $1.57, exceeding the midpoint of the company’s prior guidance range by $0.37. Adjusted gross margin increased 620 basis points year over year to 33.7%, while adjusted EBITDA margin rose 320 basis points to 11.3%. – 3 Dividend Kings With Income, Stability, and a Possible Catalyst The quarter’s gross margin included an approximately 250-basis-point benefit from net tariff refunds. Management said it intends to use those refunds to accelerate growth investments, including spending on product innovation, brand activation and go-to-market capabilities.
Tools Business Posts Growth, Led by Power Tools Tools & Outdoor revenue was about $3.6 billion, up 3% from a year earlier. Organic revenue also rose 3%, reflecting 3% volume growth and flat pricing. Currency provided a 1% benefit, which was offset by the company’s transition to a licensing model for gas walk-behind outdoor products. – Father’s Day Investing: 3 Stocks Built for Long-Term Returns Power tools organic revenue increased 8%, while hand tools, accessories and storage revenue rose 2%.