Earnings Releases·Nov 4, 2026, 6:08 AM ET

Stanley Black & Decker — 3Q 2026 Earnings Summary

Net sales declined 1% year-over-year to $3.7 billion on a total basis but grew 4% organically; adjusted EPS rose to $2.31 and adjusted gross margin expanded 780 basis points to 39.4%, both metrics benefiting from approximately $0.67 in net tariff refunds per share.
Management raised full-year 2026 guidance across the board, increasing adjusted EPS to $5.95–$6.25 (31% midpoint growth vs. 2025), GAAP EPS to $5.45–$5.85, and free cash flow to $1.0–$1.2 billion.
Tools & Outdoor segment delivered 2% total sales growth (4% organic) with margin expansion, while Engineered Fastening sales fell 21% due to the CAM divestiture, though organic revenue grew 2% despite automotive headwinds.
The Board approved a new $1 billion share repurchase authorization expiring in 2029, following $250 million in buybacks during the quarter, and Debra Crew assumed the role of Independent Chair.