Demand
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SWK
FY2026 Q2
개선
Stanley Black & Decker, Inc. 실적 발표
Buzzberg 분석
Power tools organic revenue grew 8% in Q2.
Company reported strong Q2 results with revenue and EPS exceeding expectations, raised full-year 2026 EPS guidance, and provided a bullish outlook on tools and outdoor growth, driven by demand in the commercial and industrial channel. Q2 adjusted EPS of $1.57 beat guidance by 37c, on strong organic revenue growth (3%) and gross margin expansion.
Buzzberg 분석 Power tools organic revenue grew 8% in Q2. Company reported strong Q2 results with revenue and EPS exceeding expectations, raised full-year 2026 EPS guidance, and provided a bullish outlook on tools and outdoor growth, driven by demand in the commercial and industrial channel. Q2 adjusted EPS of $1.57 beat guidance by 37c, on strong organic revenue growth (3%) and gross margin expansion. 전체 분석 보기분석 접기
Company reported strong Q2 results with revenue and EPS exceeding expectations, raised full-year 2026 EPS guidance, and provided a bullish outlook on tools and outdoor growth, driven by demand in the commercial and industrial channel. Q2 adjusted EPS of $1.57 beat guidance by 37c, on strong organic revenue growth (3%) and gross margin expansion.
- Full-year 2026 EPS guidance raised to $5.20-$5.80 from $5.00-$5.60 prior; revenue outlook maintained for ~3% organic growth.
- Gross margin expansion and productivity initiatives delivered 33.7% adjusted gross margin, up 620bps year-over-year, with 34-35% targeted for H2 2026.
- Growth in U.S. commercial and industrial channel is approaching 10% of total tools sales, driven by mega projects in data centers and power.
ENGINEERED_FASTENING 매출$3.7B보고값
매출$3.9607B+3% 전분기 대비
주당순이익(EPS)$1.57보고값
매출총이익률32.97%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
Demand
U.S. commercial and industrial channel grew low double digits.
Guidance
Full-year adjusted EPS guidance raised to $5.20-$5.80.
핵심 내용 3개 더 보기
Buybacks
Company expects to pay down $1.7B debt and buy back $250M shares.
Margins
Gross margin target of 34-35% in second half reaffirmed.
Innovation
Craftsman V20 advanced batteries driving strong platform performance.
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| ENGINEERED_FASTENING 매출 | $3.7B | 보고값 |
| 매출 | $3.9607B | +3% 전분기 대비 |
| 주당순이익(EPS) | $1.57 | 보고값 |
| 매출총이익률 | 32.97% | 보고값 |
| 영업이익률 | 7.8% | 보고값 |
| 잉여현금흐름 | $0.6982B | 보고값 |
향후 전망
향후 가이던스
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| 주당순이익(EPS) | FY2026 | $5.20–$5.80컨센서스 상회 | $5.50 | 상향 |
| 잉여현금흐름 | FY2026 | $0.6B–$0.8B | $0.7B | 상향 |
| 영업이익률TOOLS_AND_OUTDOOR | FY2026 Q3 | 34%–35% | 34.5% | 제시 |
AI, 자본지출 및 수요 분석
경영진 분석
Confident
Management expresses confidence in their strategy, execution, and ability to achieve full-year targets despite geopolitical uncertainty and inflationary pressures.
아래에 언급된 기업 6개 모두 표시
기업발표 이후 수익률
고객
ANDURIL
고객
Chris Nelson
Indirect reference to the ecosystem around large projects, but no direct mention of Anduril in the transcript.
근거
“We partner with local distributors to offer on-site product availability...”
공급망
공급망
Patrick Hallinan
Manufacturing shift for U.S. tools business from China to North America and USMCA compliance will drive second-half gross margin improvements. — Supply chain reallocation affects cost structures and potential competitiveness in the tools market.
근거
“We continue to make progress on USMCA compliance and shifting production for our US tools business from China to North America.”
공급망
Patrick Hallinan
Persistent inflationary pressures from battery metals, tungsten, oil, and oil derivatives are expected to neutralize tariff tailwinds for 2026 guidance. — Commodity cost changes impact manufacturing and may alter supply chain dynamics for tool producers.
근거
“Given inflationary pressures remain persistent, it appears more likely than not a price increase will be necessary by 2027.”
외부 신호
공급망 알파 · 5발표 이후 수익률
Manufacturing shift for U.S. tools business from China to North America and USMCA compliance will drive second-half gross margin improvements.
Battery metals, tungsten, oil, and oil derivatives inflation are offsetting tariff tailwinds, with a likely price increase by 2027.
Persistent inflationary pressures from battery metals, tungsten, oil, and oil derivatives are expected to neutralize tariff tailwinds for 2026 guidance.
근거
“This temporary tariff tailwind, however, is still being offset by persistent inflationary pressures from battery metals, tungsten, Oil, and Oil Derivatives.”
The temporary tariff tailwind from Section 122 tariffs is expected to reverse within a few months as new Section 301 tariffs are implemented at prior IEPA levels.
근거
“We maintain our view that the new Section 301 tariffs are likely to be introduced during the next few months at the same level as the old IEPA tariffs”
The U.S. commercial & industrial channel, driven by non-residential construction (data centers, power generation), is set to approach 10% of total TO&S sales in 2026.
근거
“we expect our U.S. commercial and industrial channel annual sales to approach 10% of total tools and outdoor sales in 2026”
방법론 및 범위
경영진 발언만 분석합니다. 검증된 기업 언급 6개를 모두 표시하며, 보고 실적과 향후 가이던스를 분리합니다. 공개 근거는 화자가 표시된 짧은 인용문 8개로 제한됩니다. AI 분석은 불완전하거나 틀릴 수 있으므로 중요한 주장은 원문에서 확인하세요.