The company said net sales for Q4 were $3.7 billion, down 6% from a year earlier, with volume (-7%) partly offset by currency effects (+1%). It said full-year sales were $15.8 billion.

1. 01

   The company said net sales for Q4 were $3.7 billion, down 6% from a year earlier, with volume (-7%) partly offset by currency effects (+1%). It said full-year sales were $15.8 billion.

2. 02

   Stanley Black & Decker said gross margin for Q4 was 29.6%, up 280 basis points from the prior quarter, and adjusted gross margin was 29.8%, up 220 basis points from the prior quarter. The company cited lower inventory destocking costs, supply chain transformation benefits and lower shipping costs as factors behind the increase over the prior-year adjusted gross margin of 19.5%.

3. 03

   The company said cash flow from operating activities for full-year 2023 was $1.2 billion and free cash flow was $853 million. It said it reduced inventory by $1.9 billion since the middle of 2022.

4. 04

   The company said it expects full-year 2024 diluted GAAP EPS of $1.60 to $2.85, adjusted EPS of $3.50 to $4.50, and free cash flow of $0.6 billion to $0.8 billion. It said the outlook assumes the Infrastructure divestiture closes at the end of Q1 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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