Stanley Black & Decker (SWK) Tops Q1 EPS by 57c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
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Stanley Black & Decker Reports Record 1Q 2021 Results
April 28, 2021 6:00 AM EDTNEW BRITAIN, Conn., April 28, 2021 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced first quarter 2021 financial results.
1Q'21 Revenues Totaled $4.2 Billion, Up 34% Versus Prior Year Led By Tools & Storage With All Segments Contributing To 31% Organic Growth 1Q'21 Gross Margin Was 37.3%; Excluding Charges, 1Q'21 Gross Margin Was 37.4% Up 440 Basis Points Versus Prior Year 1Q'21 Operating Margin Was 16.9%; Excluding Charges 1Q'21 Operating Margin Was 17.6%, Up 760 Basis Points Versus Prior Year Driven By Volume, Price, Cost Control And Margin Resiliency 1Q'21 Diluted GAAP EPS Was $2.98; Excluding Charges,... More