Stanley Black & Decker

Stanley Black & Decker (SWK) Q1 2026 Earnings

Reported Apr 29, 2026 at 6:07 AM ET · SEC Source

Q1 26 EPS

$0.80

BEAT +34.61%

Est. $0.59

Q1 26 Revenue

$3.85B

BEAT +2.65%

Est. $3.75B

vs S&P Since Q1 26

+13.2%

BEATING MARKET

SWK +17.8% vs S&P +4.7%

Market Reaction

Did SWK Beat Earnings? Q1 2026 Results

Stanley Black & Decker posted a stronger-than-expected first quarter for fiscal 2026, with adjusted earnings of $0.80 per share clearing the $0.59 consensus estimate by 34.61% and net sales of $3.85 billion edging past the $3.75 billion forecast by 2… Read more Stanley Black & Decker posted a stronger-than-expected first quarter for fiscal 2026, with adjusted earnings of $0.80 per share clearing the $0.59 consensus estimate by 34.61% and net sales of $3.85 billion edging past the $3.75 billion forecast by 2.65%, rising 2.7% year over year. The headline beat was driven largely by favorable pricing and currency tailwinds, each contributing 3 points to revenue growth, though a 3% volume decline tied to soft North American retail demand kept organic growth essentially flat. Segment results were mixed, as a solid 10% sales gain in Engineered Fastening, fueled by aerospace and automotive strength, offset margin pressure in the larger Tools and Outdoor segment, where adjusted margins contracted 90 basis points. The April completion of the CAM aerospace fasteners divestiture to Howmet Aerospace for $1.80 billion further reshaped the quarter's financial picture, with roughly $1.60 billion in net proceeds already deployed to reduce debt. Looking ahead, the company reaffirmed adjusted EPS guidance of $4.90 to $5.70 for the full year, implying approximately 13% growth at the midpoint.

Key Takeaways

  • Higher pricing (+3%) contributed to revenue growth
  • Favorable currency impact (+3%) on sales
  • Robust aerospace growth and automotive outperformance in Engineered Fastening (+7% organic)
  • Operational cost improvements and supply chain transformation initiatives
  • Strong performance in prioritized international markets for Tools & Outdoor
  • Higher rates of professional conversions within U.S. commercial & industrial channel

SWK Forward Guidance & Outlook

The company raised 2026 GAAP EPS guidance to $4.15–$5.35 (reflecting the expected gain on the CAM sale) and reaffirmed adjusted EPS guidance of $4.90–$5.70, representing approximately 13% year-over-year growth at the midpoint. Free cash flow is expected to be $500–$700 million including CAM transaction-related taxes and fees, or $700–$900 million excluding those payments, consistent with prior guidance. The vast majority of the ~$1.6 billion CAM net proceeds have already been used to reduce debt in Q2 2026, with management signaling share repurchases as the next capital allocation priority.

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SWK YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

SWK Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Stanley Black & Decker entered 2026 with unwavering commitment to our strategic priorities, and we delivered stronger than planned first quarter results through disciplined execution. Our team's focus and resilience ensured that sales, gross margin, and cash performance remain firmly on track with our full year plan. I am proud of our team for maintaining their customer-centric approach and for advancing our vision to build a world-class branded industrial company.”

— Chris Nelson, Q1 2026 Earnings Press Release