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0:00 / 0:00I. Business Overview and Strategic Transformation
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SWK Navigates 7% Revenue Decline to $15.8B with $2B Cost Savings Push

SWK10-KFiling Date: 2/27/2024
Stanley Black & Decker, Inc.
Description

What this story covers

Stanley Black & Decker's 2023 10-K reveals 15 point 8 billion dollars revenue down 7 percent amid demand softness. Portfolio streamlining and 1 billion dollars cumulative cost savings boosted cash flow to 853 million dollars. Tools & Outdoor dominates at 85 percent, Industrial margins rise. Outlook targets Earnings Per Share 3 dollars 50 cents to 4 dollars 50 cents and 35 percent plus margins in 2024.

Story snapshot

CompanyStanley Black & Decker, Inc.
TickerSWK
VariantStandard detailed
Duration12:07
Filing type10-K
PeriodAnnual 2023
IndustryIndustrials & Manufacturing
Accession0000093556-24-000032

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