NYSE: SWK STANLEY BLACK & DECKER, INC. 8-K

Stanley Black & Decker reports Q2 2026 EPS of $2.33, raises full-year guidance on tariff refunds

Filed July 29, 2026 · Period ending July 29, 2026 · ~2 min read

Key Changes

high

Q2 2026 net sales $4.0B (flat y/y, +3% organic); gross margin expanded 600 bps to 33.0%, including ~250 bps from net tariff refunds; diluted EPS $2.33 vs. $0.67 prior year, with ~$0.17 benefit from tariff refunds.

Exhibit 99.1 view on EDGAR →
high

Completed CAM business sale in April 2026, recording $273.7M gain; used $1.8B proceeds to reduce debt by $1.7B in Q2 and repurchase 3.2M shares for $250M under board-authorized program.

Exhibit 99.2 view on EDGAR →
high

Raised full-year 2026 GAAP EPS guidance to $4.60–$5.45 (from $4.15–$5.35) and adjusted EPS to $5.20–$5.80 (from $4.90–$5.70); free cash flow guidance raised to $600–$800M (from $500–$700M).

Exhibit 99.1 view on EDGAR →
medium

Tools & Outdoor segment sales +3% y/y with organic growth of 3% driven by power tools strength; segment margin expanded 400 bps to 10.9%, including ~150 bps from tariff refunds.

Exhibit 99.1 view on EDGAR →
medium

Engineered Fastening sales -18% y/y due to CAM divestiture (-21%), though organic revenue +3% on industrial and automotive strength; segment margin expanded 580 bps to 13.0%.

Exhibit 99.1 view on EDGAR →

Summary

Stanley Black & Decker reported second quarter 2026 results that beat prior-year comparisons on both earnings and margin expansion, driven by a combination of operational improvements and one-time benefits.

Net sales of $4.0 billion were flat year-over-year but grew 3% organically, with strength in power tools and industrial fasteners offsetting the April divestiture of the Consolidated Aerospace Manufacturing (CAM) business. Gross margin expanded 600 basis points to 33.0%, with approximately 250 basis points of the improvement attributable to net tariff refunds received during the quarter.

Diluted EPS surged to $2.33 from $0.67 in the prior-year period, benefiting from the $273.7 million gain on the CAM sale and roughly $0.17 per share from tariff refunds. The company deployed the $1.8 billion in CAM sale proceeds to strengthen its balance sheet and return capital to shareholders, reducing debt by $1.7 billion in the quarter and repurchasing 3.2 million shares for $250 million. Operating cash flow improved to $763 million and free cash flow reached $698 million, supporting the raised full-year free cash flow guidance of $600–$800 million. Management also raised full-year GAAP EPS guidance to $4.60–$5.45 and adjusted EPS guidance to $5.20–$5.80, reflecting confidence in the underlying business momentum and the realized tariff benefit. Both operating segments delivered meaningful margin expansion, with Tools & Outdoor reaching 10.9% and Engineered Fastening 13.0%, driven by productivity gains, favorable mix, and the tariff refunds.

Section-by-Section Diff

Event · Exhibit 99.2

~3,800 words View exhibit on EDGAR ↗

Stanley Black & Decker reports Q2 2026 results with $3.96B revenue, $2.33 diluted EPS, and a $273.7M gain on business sale.

4 Added

Added Q2 2026 earnings high

Added in current filing · view on EDGAR →

NET SALES $ 3,960.7 $ 3,945.2 $ 7,807.1 $ 7,689.8 ... Gross profit 1,305.8 1,066.5 2,463.1 2,187.3

% of Net Sales 33.0 % 27.0 % 31.5 % 28.4 % ... NET EARNINGS $ 351.3 $ 101.9 $ 410.9 $ 192.3

EARNINGS PER SHARE OF COMMON STOCK | Basic $ 2.34 $ 0.67 $ 2.72 $ 1.27 | Diluted $ 2.33 $ 0.67 $ 2.71 $ 1.27

Stanley Black & Decker reported Q2 2026 net sales of $3,960.7 million, up slightly from $3,945.2 million in Q2 2025. Gross margin expanded 600 basis points to 33.0% from 27.0% year-over-year. Net earnings surged to $351.3 million from $101.9 million, driving diluted EPS to $2.33 versus $0.67 in the prior-year quarter. The year-to-date results show similar strength with net sales of $7,807.1 million and diluted EPS of $2.71.

Added Cash flow and debt reduction high

Added in current filing · view on EDGAR → · paraphrased

Net cash provided by (used in) operating activities 763.1 214.3 374.3 (205.7)

Free cash flow (before dividends) $ 698.2 $ 134.7 $ 250.9 $ (350.3)

Proceeds from sales of businesses, net of cash sold 1,814.6 — 1,814.7 5.0

Payments on long-term debt — (0.3) (500.1) (500.3)

Net short-term commercial paper (repayments) borrowings (1,750.2) (98.2) (604.8) 1,038.0

Operating cash flow improved to $763.1 million in Q2 2026 from $214.3 million in Q2 2025, generating free cash flow of $698.2 million versus $134.7 million. The company received $1,814.6 million in proceeds from the CAM business sale and used the cash to reduce debt, paying down $500.1 million in long-term debt year-to-date and reducing commercial paper borrowings by $1,750.2 million in Q2 alone.

Added Segment performance high

Added in current filing · view on EDGAR → · paraphrased

NET SALES Tools & Outdoor $ 3,564.3 $ 3,461.4 $ 6,899.9 $ 6,742.3 Engineered Fastening 396.4 483.8 907.2 947.5

SEGMENT PROFIT Tools & Outdoor $ 389.0 $ 238.1 $ 665.0 $ 527.3 Engineered Fastening $ 51.6 $ 35.0 $ 112.5 $ 74.0

Segment Profit as a Percentage of Net Sales Tools & Outdoor 10.9 % 6.9 % 9.6 % 7.8 % Engineered Fastening 13.0 % 7.2 % 12.4 % 7.8 %

Tools & Outdoor sales grew to $3,564.3 million in Q2 2026 from $3,461.4 million in Q2 2025, with segment profit margin expanding to 10.9% from 6.9%. Engineered Fastening sales declined to $396.4 million from $483.8 million, reflecting the CAM divestiture, but segment profit margin improved to 13.0% from 7.2%. Both segments showed meaningful margin expansion year-over-year.

Added Capital allocation medium

Added in current filing · view on EDGAR → · paraphrased

Purchases of common stock for treasury (252.1) (0.8) (267.4) (12.5)

Cash settlement on forward stock purchase contract (125.0) — (125.0) —

Cash dividends on common stock (124.3) (124.0) (250.3) (248.5)

DIVIDENDS PER SHARE OF COMMON STOCK $ 0.83 $ 0.82 $ 1.66 $ 1.64

The company returned capital to shareholders through $252.1 million in share repurchases during Q2 2026, plus a $125.0 million cash settlement on a forward stock purchase contract. Year-to-date share repurchases totaled $267.4 million. The quarterly dividend increased to $0.83 per share from $0.82, with total cash dividends of $124.3 million in Q2 and $250.3 million year-to-date.

Event · Item 2.02 — Results of Operations and Financial Condition

~33 words

Stanley Black & Decker announced second quarter 2026 financial results.

1 Added

Added Q2 2026 earnings announcement medium

Added in current filing · verify on EDGAR →

On July 29, 2026, Stanley Black & Decker, Inc. issued a press release announcing second quarter 2026 results.

The company disclosed its second quarter 2026 financial results through a press release. The 8-K body itself does not contain the actual financial figures or performance metrics from the quarter.

Event · Exhibit 99.1

~4,300 words View exhibit on EDGAR ↗

3 Added

Added Q2 2026 earnings and tariff refunds high

Added in current filing · view on EDGAR →

Net sales of $4.0 billion, in-line with prior year and up 3% on an organic basis*

•Gross margin of 33.0%, up 600 basis points versus prior year; adjusted gross margin* of 33.7%, up 620 basis points versus prior year; both included a benefit of roughly 250 basis points from net tariff refunds1

•EPS of $2.33; adjusted EPS* of $1.57; both included a benefit of approximately $0.17 from net tariff refunds1

•Cash from operating activities was $763 million and free cash flow* was $698 million

Stanley Black & Decker reported second quarter 2026 net sales of $4.0 billion, flat year-over-year but up 3% organically. Gross margin expanded 600 basis points to 33.0%, with approximately 250 basis points of the improvement attributable to net tariff refunds. GAAP EPS was $2.33 and adjusted EPS was $1.57, each benefiting by roughly $0.17 from the tariff refunds. Operating cash flow reached $763 million and free cash flow was $698 million.

Added Raised 2026 guidance high

Added in current filing · view on EDGAR →

The Company is raising 2026 GAAP EPS to be in the range of $4.60 to $5.45, from a prior range of $4.15 to $5.35. The Company is also raising and tightening the adjusted EPS* range to $5.20 to $5.80, from a prior range of $4.90 to $5.70. These ranges represent year over year growth of 90% and 18%, respectively, at the midpoint of each range as compared to 2025 performance. Free cash flow* is now expected to be in the range of $600 to $800 million, revised from $500 to $700 million, which incorporates the tariff refund realized in the second quarter and projected taxes and fees associated with the CAM divestiture.

Stanley Black & Decker raised its full-year 2026 GAAP EPS guidance to $4.60–$5.45 (from $4.15–$5.35) and adjusted EPS guidance to $5.20–$5.80 (from $4.90–$5.70), representing 90% and 18% year-over-year growth at the midpoints, respectively. Free cash flow guidance was also raised to $600–$800 million (from $500–$700 million), reflecting the second quarter tariff refund and projected CAM divestiture-related taxes and fees.

Added Tools & Outdoor segment performance medium

Added in current filing · view on EDGAR → · paraphrased

Tools & Outdoor net sales were up 3% year over year, as higher volume (+3%) and currency tailwinds (+1%) were partially offset by the previously announced strategic transition to a licensing model for the gas walk-behind outdoor products (-1%). Pricing was flat. Organic revenue* increased 3%, primarily driven by power tools strength in U.S. retail and C&I channels. ... The Tools & Outdoor segment margin was 10.9%, up 400 basis points year over year. Adjusted segment margin* was 11.8%, up 380 basis points year over year. Segment margin improvement reflected net productivity gains and favorable product mix. In addition, the net tariff refunds1 raised segment margin by approximately 150 basis points.

The Tools & Outdoor segment reported net sales up 3% year-over-year, with organic revenue growth of 3% driven by power tools strength in U.S. retail and commercial/industrial channels. Segment margin expanded 400 basis points to 10.9% (adjusted margin up 380 basis points to 11.8%), reflecting productivity gains, favorable product mix, and an approximate 150 basis point benefit from net tariff refunds.