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Jun 30, 2021
Stanley Black & Decker Q2 2021 Earnings Report
Reported record second quarter results driven by double-digit growth across all segments and strong organic growth.
Key Takeaways
Stanley Black & Decker reported an outstanding second quarter with a 37% increase in revenues to $4.3 billion. The company experienced double-digit growth across all segments, contributing to a 33% organic growth. Diluted EPS reached $3.08, up 93% versus prior year, and free cash flow was $339 million, up 28% versus prior year.
Revenues totaled $4.3 billion, up 37% versus prior year with all segments growing double digits and contributing to 33% organic growth.
Operating Margin was 14.9%; Excluding Charges Operating Margin Was 15.5%, Up 270 Basis Points Versus Prior Year Driven By Volume, Price, Innovation And Margin Resiliency.
Diluted EPS Was $2.81; Excluding Charges, Diluted EPS Was $3.08, Up 93% Versus Prior Year.
Free Cash Flow Was $339 Million, Up 28% Versus Prior Year.
Revenue by Segment
Forward Guidance
Management is raising its 2021 EPS outlook to $10.80 - $11.20 from $10.15 - $10.55 on a GAAP basis, and to $11.35 - $11.65 from $10.70 - $11.00 on an adjusted basis. The Company is also reiterating that free cash flow is expected to approximate net income.
Positive Outlook
- Stronger organic growth
- Incremental pricing actions
Challenges Ahead
- Higher expedited transit costs in Tools & Storage
- Increase in commodity inflation
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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