SWK · 10-Q · 2026Q4 · Full report
Guidance and Outlook
STANLEY BLACK & DECKER, INC. · 2026-11-04 · Importance 100 · Surprise 100 · In source text
Stanley Black & Decker raised its 2026 GAAP diluted EPS guidance to $5.45–$5.85 from $4.60–$5.45 and adjusted diluted EPS guidance to $5.95–$6.25 from $5.20–$5.80. The company increased its free cash flow target to $1.0–$1.2 billion from $600–$800 million, incorporating tariff refunds realized through the third quarter and projected CAM divestiture taxes and fees. The guidance excludes CAM results after April 6, 2026, and any potential future tariff refunds; it assumes the temporary 2026 IEEPA tariff tailwind will be offset by higher inflation. It also assumes that additional Section 301 tariffs will not occur until late in 2026 and therefore will not have a significant impact that year.
Key facts
- The revised 2026 GAAP and adjusted diluted EPS ranges represent year-over-year midpoint growth of 113% and 31%, respectively, compared with 2025. source
- The pending Excel Industries sale is for $225.0 million in cash and was expected to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions. source
- The Company raised 2026 GAAP diluted EPS guidance to $5.45–$5.85 from $4.60–$5.45. source
- The Company raised 2026 diluted EPS guidance excluding Non-GAAP adjustments to $5.95–$6.25 from $5.20–$5.80. source
- For 2026, the difference between GAAP diluted EPS guidance and diluted EPS excluding Non-GAAP adjustments is approximately $0.40 to $0.50, primarily from footprint and other cost actions, largely offset by the CAM business sale gain and related tax impact. source
- 2026 guidance assumes temporary tariff tailwinds from the IEEPA ruling will be offset by higher inflation and assumes additional Section 301 tariffs will not occur until late in 2026 and will not significantly affect the year. source
- 2026 guidance excludes CAM business results after April 6, 2026, and any potential future tariff refunds. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | probable | +0.6% | The pending Excel Industries sale is for $225.0 million in cash and was expected to close in the fourth quarter of 2026, subject to… |
| net_income | positive | committed | — | The Company raised 2026 GAAP diluted EPS guidance to $5.45–$5.85 from $4.60–$5.45. |
| net_income | positive | committed | — | The Company raised 2026 diluted EPS guidance excluding Non-GAAP adjustments to $5.95–$6.25 from $5.20–$5.80. |
| net_income | mixed | committed | — | For 2026, the difference between GAAP diluted EPS guidance and diluted EPS excluding Non-GAAP adjustments is approximately $0.40 to $0.50,… |