SWK · 10-Q · 2026Q4 · Full report
Segment Profitability
STANLEY BLACK & DECKER, INC. · 2026-11-04 · Importance 64 · Surprise 56 · No source text
Tools & Outdoor third-quarter segment profit increased to $568.7 million, or 17.0% of sales, from $383.2 million, or 11.8%; adjusted margin increased to 17.6% from 12.0%, driven by productivity, favorable mix, and tariff-refund benefits net of offsets. Its first-nine-month segment profit was $1.234 billion, or 12.1% of sales, versus $910.5 million, or 9.1%, with adjusted margin rising to 12.7% from 9.8%. Engineered Fastening third-quarter profit declined to $46.1 million from $59.8 million, and adjusted margin fell to 11.7% from 12.8%, affected by automotive demand pressure. Its first-nine-month profit rose to $158.6 million from $133.8 million, with adjusted margin improving to 12.2% from 11.3% on aerospace profitability and favorable product mix.
Key facts
- Third-quarter 2026 Tools & Outdoor segment profit was $568.7 million, or 17.0% of sales, compared with $383.2 million, or 11.8%, in 2025. source
- First-nine-month 2026 Tools & Outdoor segment profit was $1,233.7 million, or 12.1% of sales, compared with $910.5 million, or 9.1%, in 2025. source
- First-nine-month 2026 Engineered Fastening segment profit was $158.6 million, or 12.2% of sales, compared with $133.8 million, or 9.2%, in 2025. source
- Third-quarter 2026 Engineered Fastening segment profit was $46.1 million, or 11.7% of sales, compared with $59.8 million, or 11.9%, in 2025. source
- Tools & Outdoor third-quarter adjusted segment profit margin was 17.6% in 2026 and 12.0% in 2025. source
- Engineered Fastening first-nine-month adjusted segment profit margin was 12.2% in 2026 versus 11.3% in 2025, driven by improved aerospace profitability in the first quarter of 2026 and favorable product mix. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +8.7% | First-nine-month 2026 Tools & Outdoor segment profit was $1,233.7 million, or 12.1% of sales, compared with $910.5 million, or 9.1%, in… |
| margin | positive | realized | +3.0% | First-nine-month 2026 Tools & Outdoor segment profit was $1,233.7 million, or 12.1% of sales, compared with $910.5 million, or 9.1%, in… |
| margin | positive | realized | +3.0% | First-nine-month 2026 Engineered Fastening segment profit was $158.6 million, or 12.2% of sales, compared with $133.8 million, or 9.2%, in… |
| operating_income | positive | realized | +0.7% | First-nine-month 2026 Engineered Fastening segment profit was $158.6 million, or 12.2% of sales, compared with $133.8 million, or 9.2%, in… |