Stanley Black & Decker Reports 3Q 2019 Results; Announces New $200 Million Cost Reduction Program
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Stanley Black & Decker (SWK) Tops Q3 EPS by 10c; Lowers FY19 EPS Guidance Below Consensus. Announces New $200 Cost Reduction Plan
October 24, 2019 6:10 AM EDTStanley Black & Decker (NYSE: SWK) reported Q3 EPS of $2.13, $0.10 better than the analyst estimate of $2.03. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.65 billion.
3Q'19 Revenues Totaled $3.6 Billion, Up 4% Versus Prior Year, Driven By Organic Growth And AcquisitionsOperating Margin Rate Was 13.3%; Excluding Charges Operating Margin Rate Was 14.5%, Flat Versus Prior Year While Overcoming $90 Million Of External Headwinds3Q'19 Diluted GAAP EPS Was $1.53; Excluding Charges, 3Q'19 Diluted EPS Was $2.13Announcing New Cost Reduction Program Expected To Deliver $200 Million In Annual Cost SavingsRevising 2019 Full... More