SWK · 10-Q · 2026Q4 · Full report

Operating Cash Flow Trends

STANLEY BLACK & DECKER, INC. · 2026-11-04 · Importance 77 · Surprise 82 · From source text

Third-quarter 2026 cash flows provided by operations were $658.5 million, up from $221.2 million in the third quarter of 2025, driven primarily by higher earnings, IEEPA tariff refunds, and working-capital changes. For the first nine months of 2026, operating cash flow was $1.033 billion, compared with $15.5 million in the same 2025 period. The year-to-date increase reflected the same factors as the third-quarter improvement.

Key facts

• Operating cash flow in the third quarter of 2026 was $658.5 million, compared with $221.2 million in the corresponding 2025 period. source
• Year-to-date operating cash flow was $1.033 billion in 2026, compared with $15.5 million in 2025. source
• Cash and cash equivalents were $741.2 million as of October 3, 2026, with approximately 60% held in foreign jurisdictions. source
• Third-quarter 2026 cash used in investing activities was $73.0 million, compared with $65.1 million in third-quarter 2025, primarily due to capital and software expenditures of $73.5 million and $65.9 million, respectively. source
• Cash and cash equivalents were $280.1 million as of January 3, 2026, primarily held in foreign jurisdictions. source
• The year-over-year increase in third-quarter 2026 operating cash flow was primarily driven by higher earnings, IEEPA tariff refunds received, and changes in working capital. source
• Cash used in investing activities in the first nine months of 2025 totaled $190.0 million, primarily due to $210.5 million of capital and software expenditures. source

Impact estimates