Tools and outdoor solutions provider Stanley Black & Decker, Inc. (SWK), while reporting weak first-quarter profit but higher net sales, on Wednesday lifted fiscal 2026 earnings forecast on a reported basis. Meanwhile, the firm maintained adjusted earnings view for the year.
In pre-market activity, the shares were trading at $79.10, up 0.96 percent.
For fiscal 2026, the company now projects earnings in a range of $4.15 to $5.35 per share, higher than previous estimate of $3.15 to $4.35 per share. The revision in outlook reflects the expected gain on the sale of CAM now that the transaction has closed. The new outlook represents year-over-year growth of 79 percent at the midpoint of the range.
The company continues to expect adjusted earnings per share in the range of $4.90 to $5.70, representing year-over-year growth of 13 percent at the midpoint of range.
In the first quarter, the company's bottom line totaled $59.6 million or $0.39 per share, compared to $90.4 million or $0.60 per share last year.
Adjusted earnings were $122.2 million or $0.80 per share for the period, compared to $0.75 a year ago.
EBITDA margin was 7.1 percent, a decrease of 180 basis points from last year, and adjusted EBITDA margin was 9.2 percent, a decrease of 50 basis points.
The company's net sales for the period rose 2.7 percent to $3.846 billion from $3.744 billion last year. Higher price and currency were partially offset by lower volume, which was primarily due to retail softness in North America.
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