SWK: 5/4/23: Stanley Black & Decker Reports 1Q 2023 Results
May 31, 2023 14:57:41 GMT
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Post by lookingforatenbagger on May 31, 2023 14:57:41 GMT
May 4, 2023
"NEW BRITAIN, Conn., May 4, 2023 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced first quarter 2023 financial results.
First Quarter Revenues of $3.9 Billion, Down Versus Prior Year Due to Lower Consumer & DIY Volume, Currency and Strategic Divestiture
First Quarter Diluted GAAP EPS Was ($1.26); Excluding Charges, First Quarter Adjusted Diluted EPS* Was ($0.41), a Result of Prioritizing 2023 Inventory Reduction and Cash Generation
Recently Appointed Chris Nelson to Chief Operating Officer and Executive Vice President and President Tools & Outdoor, Effective June 14, 2023
2023 Full Year Diluted GAAP EPS Guidance Range of ($1.65) to $0.60 (From ($1.65) to $0.85) and Reiterating Adjusted Diluted EPS* of $0.00 to $2.00 and Free Cash Flow* to Approximate $0.5 Billion - $1.0 Billion"
ir.stanleyblackanddecker.com/news-events/press-releases/news-details/2023/Stanley-Black--Decker-Reports-1Q-2023-Results/default.aspx
SWK goes ex-dividend Friday ($0.80) and is trading at $75.75 as I type. The 52 week (and ~10 year low) was set last October at $70.24. The stock price is roughly flat YTD.
With 153M shares outstanding the $0.80 dividend represents ~$125M/quarter or $0.5B/year which is the low end of estimated free cash flow.
TTM earns per share is a negative $1.16, making the TTM PE N/A. Full year guidance has a top range of $0.60/share or a max forward PE of ~126.
"NEW BRITAIN, Conn., May 4, 2023 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced first quarter 2023 financial results.
First Quarter Revenues of $3.9 Billion, Down Versus Prior Year Due to Lower Consumer & DIY Volume, Currency and Strategic Divestiture
First Quarter Diluted GAAP EPS Was ($1.26); Excluding Charges, First Quarter Adjusted Diluted EPS* Was ($0.41), a Result of Prioritizing 2023 Inventory Reduction and Cash Generation
Recently Appointed Chris Nelson to Chief Operating Officer and Executive Vice President and President Tools & Outdoor, Effective June 14, 2023
2023 Full Year Diluted GAAP EPS Guidance Range of ($1.65) to $0.60 (From ($1.65) to $0.85) and Reiterating Adjusted Diluted EPS* of $0.00 to $2.00 and Free Cash Flow* to Approximate $0.5 Billion - $1.0 Billion"
ir.stanleyblackanddecker.com/news-events/press-releases/news-details/2023/Stanley-Black--Decker-Reports-1Q-2023-Results/default.aspx
SWK goes ex-dividend Friday ($0.80) and is trading at $75.75 as I type. The 52 week (and ~10 year low) was set last October at $70.24. The stock price is roughly flat YTD.
With 153M shares outstanding the $0.80 dividend represents ~$125M/quarter or $0.5B/year which is the low end of estimated free cash flow.
TTM earns per share is a negative $1.16, making the TTM PE N/A. Full year guidance has a top range of $0.60/share or a max forward PE of ~126.