Stanley Black & Decker 2Q 2026: margin jump, raised EPS and cash guidance
Stanley Black & Decker's second quarter looks strong on paper: $3.96 billion of sales, a 33.0% gross margin and $2.33 of GAAP EPS. The catch is where the profit came from — roughly $0.17 of EPS and about 250 basis points of margin came from net tariff refunds, while total sales were still 1.0% below last year. Treat the beat as partly one-time and read adjusted numbers alongside GAAP.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $2.33 and adjusted EPS was $1.57, both above the $1.23 consensus figure. Net income of $351.3 million compares with $101.9 million a year ago, but a $273.7 million gain on the sale of businesses, mostly CAM, sits inside that GAAP number, and both EPS figures include about $0.17 from net tariff refunds. Adjusted EPS is the cleaner read, and it still beat expectations on its own.
Revenue was $3.96 billion, down 1.0% from $4.00 billion a year earlier, even though the company frames it as in-line and up 3.0% on an organic basis. Tools & Outdoor delivered $3.56 billion, about 90.0% of the total, while Engineered Fastening contributed $396.4 million after the CAM divestiture shrank it. Growth is real but narrow — it rests mainly on U.S. retail and commercial and industrial channels, and pricing was flat.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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