The company said net sales for Q2 2024 fell 3% from the prior year to $4.0 billion, and gross margin rose 600 basis points to 28.4% from 22.4% a year earlier.

1. 01

   The company said net sales for Q2 2024 fell 3% from the prior year to $4.0 billion, and gross margin rose 600 basis points to 28.4% from 22.4% a year earlier.

2. 02

   Stanley Black & Decker said volume growth of +2% in Q2 was more than offset by the Infrastructure divestiture (-3%), currency (-1%) and price (-1%), resulting in a 3% sales decline. It cited lower inventory destocking costs, supply chain transformation benefits and reduced shipping costs as drivers of the adjusted gross margin increase.

3. 03

   The company said operating cash flow was $573 million and free cash flow was $486 million for Q2. It said strong cash generation and proceeds from the Infrastructure divestiture contributed to $1.2 billion of debt reduction in Q2.

4. 04

   The company revised its full-year 2024 GAAP EPS outlook to $0.90 to $2.00 (from $1.60 to $2.85), and presented adjusted EPS of $3.70 to $4.50 (from $3.50 to $4.50) and free cash flow of approximately $650 million to $850 million (from $600 million to $800 million).

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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