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Sep 30, 2020
Stanley Black & Decker Q3 2020 Earnings Report
Stanley Black & Decker reported record third quarter results driven by organic growth in Tools & Storage and effective cost actions.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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