Stanley Black & Decker, Inc. reported a net sales figure of $3.96 billion for the second quarter of 2026, a slight increase from $3.95 billion in the same period last year. Year-to-date sales reached $7.81 billion, up from $7.69 billion in 2025. The company’s net earnings for the second quarter were $351.3 million, significantly higher than $101.9 million reported in the prior year, resulting in diluted earnings per share of $2.33, compared to $0.67 in the second quarter of 2025. The increase in profitability was attributed to operational cost improvements and a pre-tax gain of $118 million related to tariff refunds.
In terms of operational changes, Stanley Black & Decker completed the divestiture of its Consolidated Aerospace Manufacturing (CAM) business on April 6, 2026, for approximately $1.8 billion. This strategic move is part of the company's ongoing efforts to streamline its portfolio and focus on its core Tools & Outdoor and Engineered Fastening segments. The divestiture resulted in a pre-tax gain of $276.7 million, which positively impacted the company's financial results for the quarter. The company also reported restructuring charges of $15.1 million in the second quarter, primarily related to severance costs and supply chain reorganizations.
The Tools & Outdoor segment saw net sales increase by 3% year-over-year, driven by a 3% increase in volume, while the Engineered Fastening segment experienced an 18% decline in sales, largely due to the divestiture of the CAM business. The company reported a total comprehensive income of $331 million for the second quarter, compared to $316 million in the same period last year. The total assets of the company decreased to $20.09 billion as of July 4, 2026, down from $21.24 billion at the beginning of the year, primarily due to the reclassification of CAM assets.
Looking ahead, Stanley Black & Decker has updated its guidance for 2026, projecting diluted earnings per share in the range of $4.60 to $5.45, an increase from previous estimates. The company anticipates free cash flow to be between $600 million and $800 million, reflecting the positive impact of the CAM divestiture and tariff refunds. The company remains focused on funding organic growth investments and maintaining a strong dividend while continuing to monitor market conditions and potential regulatory changes that could affect its operations.
About STANLEY BLACK & DECKER, INC.
Stanley Black & Decker, Inc. is a global provider of hand tools, power tools, outdoor products, and engineered fastening solutions. Its brands include DEWALT, CRAFTSMAN, and BLACK+DECKER. Serving professional and consumer markets worldwide, the company focuses on innovation, portfolio simplification, and operational efficiency to deliver quality products, expand market share, and create long-term value for stakeholders.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.
View the complete official filing on the SEC website.
Read on SEC.gov