Stanley Black & Decker

Stanley Black & Decker (SWK) Q3 2025 Earnings

Reported Nov 4, 2025 at 6:31 AM ET · SEC Source

Q3 25 EPS

$1.43

BEAT +19.76%

Est. $1.19

Q3 25 Revenue

$3.76B

MISS 0.32%

Est. $3.77B

vs S&P Since Q3 25

+32.8%

BEATING MARKET

SWK +43.1% vs S&P +10.3%

Market Reaction

Did SWK Beat Earnings? Q3 2025 Results

Stanley Black & Decker posted a stronger-than-expected third quarter, with adjusted EPS of $1.43 clearing the $1.19 consensus estimate by 19.76%, even as revenue of $3.76 billion came in fractionally light of the $3.77 billion forecast and was essent… Read more Stanley Black & Decker posted a stronger-than-expected third quarter, with adjusted EPS of $1.43 clearing the $1.19 consensus estimate by 19.76%, even as revenue of $3.76 billion came in fractionally light of the $3.77 billion forecast and was essentially unchanged year over year at +0.1%. The headline earnings beat was meaningfully aided by a favorable 14.0% tax rate tied to an audit settlement, though the underlying business also showed real progress, with adjusted gross margin expanding 110 basis points to 31.6% as pricing gains and supply chain transformation savings more than offset tariff headwinds and a 6% volume decline. The company's multiyear Global Cost Reduction Program added approximately $120 million in incremental pre-tax run-rate savings during the quarter, bringing cumulative totals to roughly $1.90 billion against a $2.00 billion target. Looking ahead, management trimmed full-year adjusted EPS guidance to approximately $4.55 from $4.65, citing elevated production costs expected to normalize in Q4, while UBS responded by lifting its price target to $105, reaffirming a Buy rating on the stock.

Key Takeaways

  • Pricing strategies contributed +5% to net sales growth
  • Continued growth in DEWALT brand
  • Supply chain transformation efficiencies driving gross margin expansion
  • Global Cost Reduction Program generated approximately $120 million of incremental pre-tax run-rate cost savings in Q3
  • Cumulative cost savings of approximately $1.9 billion out of $2.0 billion target achieved
  • Stronger-than-anticipated automotive market supporting Engineered Fastening organic growth of 5%
  • Continued strength in aerospace end market
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SWK YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

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SWK Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Stanley Black & Decker delivered solid third quarter results, despite prevailing macroeconomic uncertainty. Our performance included continued growth in our DEWALT brand, year over year gross margin expansion and solid free cash flow. The gross margin progress achieved during the third quarter illustrates our rapid and effective response to tariffs and our commitment to achieving our long-term financial objectives.”

— Christopher J. Nelson, Q3 2025 Earnings Press Release