SWK · 10-Q · 2026Q4 · Full report
Share Repurchase Program
STANLEY BLACK & DECKER, INC. · 2026-11-04 · Importance 58 · Surprise 42 · Contradicted
On April 23, 2026, the Board authorized up to $500 million of common-stock repurchases, and the Company repurchased approximately $250 million in each of the second and third quarters. The October 29, 2026 authorization permits up to $1 billion of repurchases and expires 36 months after approval. The Company had no authorized amount remaining under the April program after third-quarter repurchases, and the Board terminated that program when it approved the new authorization.
Key facts
- On October 29, 2026, the Board terminated the April 2026 Program and approved a new authorization to repurchase up to $1 billion of common stock, expiring 36 months after October 29, 2026. source
- On April 23, 2026, the Board authorized repurchases of up to $500 million of the Company's common stock. source
- Cash used in financing activities in the first nine months of 2026 totaled $2.158 billion, including $604.8 million of net short-term commercial paper repayments, $553.7 million of long-term debt payments, $518.3 million of common stock purchases for treasury, $373.2 million of common stock dividends, and a $125.0 million partial cash settlement of a forward share purchase contract. source
- In the second and third quarters of 2026, the Company repurchased 3,239,690 and 2,528,779 shares, respectively, for approximately $250.0 million in each quarter. source
- Cash used in financing activities in the third quarter of 2026 totaled $414.8 million, primarily driven by $250.9 million of common stock purchases for treasury, $122.9 million of common stock dividends, and $53.6 million of long-term debt payments. source
- No authorized amounts remained under the April 2026 Program after third-quarter repurchases. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -10.8% | Cash used in financing activities in the first nine months of 2026 totaled $2.158 billion, including $604.8 million of net short-term… |
| liability | positive | realized | +5.8% | Cash used in financing activities in the first nine months of 2026 totaled $2.158 billion, including $604.8 million of net short-term… |
| cash | negative | committed | -2.1% | On October 29, 2026, the Board terminated the April 2026 Program and approved a new authorization to repurchase up to $1 billion of common… |
| cash | negative | committed | -1.1% | On April 23, 2026, the Board authorized repurchases of up to $500 million of the Company's common stock. |