Stanley Black & Decker Q3 2020 Earnings Report
Key Takeaways
Stanley Black & Decker reported a strong third quarter with revenue up 6% year-over-year, driven by organic growth in Tools & Storage. The company achieved record operating margins and earnings per share through cost control and margin resiliency initiatives. Free cash flow also showed significant improvement.
Revenues totaled $3.9 billion, up 6% versus prior year, led by 11% organic growth in Tools & Storage.
Operating margin rate was a record 17.7%, up 320 basis points versus prior year, aided by cost control, margin resiliency initiatives, volume leverage, and price realization.
Diluted EPS was a record $2.89, up 36% versus 3Q'19, excluding charges.
Free cash flow in the quarter was $615 million.
Stanley Black & Decker
Stanley Black & Decker
Stanley Black & Decker Revenue by Segment
Forward Guidance
The company expects continued strong operating results in Q4 2020 and will share its scenario planning framework on today’s earnings call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income