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FY2026 Q2
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Отчётный звонок Stanley Black & Decker, Inc.
Вывод Buzzberg
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.
Вывод Buzzberg 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. Читать полный анализСвернуть анализ
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 Выручка$3.7BФакт
Выручка$3.9607B+3% к/к
EPS$1.57Факт
Валовая маржа32.97%Факт
6 подтверждённых тезисов
Что важно сейчас
Самые значимые изменения по итогам звонка.
Demand
U.S. commercial and industrial channel grew low double digits.
Guidance
Full-year adjusted EPS guidance raised to $5.20-$5.80.
Показать ещё 3 тезиса
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.
Отчётный период
Фактические результаты
| Показатель | Факт | Изменение |
|---|---|---|
| ENGINEERED_FASTENING Выручка | $3.7B | Факт |
| Выручка | $3.9607B | +3% к/к |
| EPS | $1.57 | Факт |
| Валовая маржа | 32.97% | Факт |
| Операционная маржа | 7.8% | Факт |
| Свободный денежный поток | $0.6982B | Факт |
Прогнозные данные
Прогноз компании
| Показатель | Период | Диапазон | Середина | Статус |
|---|---|---|---|---|
| EPS | FY2026 | $5.20–$5.80Выше консенсуса | $5.50 | Повышен |
| Свободный денежный поток | FY2026 | $0.6B–$0.8B | $0.7B | Повышен |
| Операционная маржаTOOLS_AND_OUTDOOR | FY2026 Q3 | 34%–35% | 34.5% | Обозначен |
AI, капзатраты и спрос
Оценка менеджмента
Confident
Management expresses confidence in their strategy, execution, and ability to achieve full-year targets despite geopolitical uncertainty and inflationary pressures.
все упомянутые компании ниже: 6
Компаниис момента звонка
Клиенты
ANDURIL
Клиенты
Chris Nelson
Indirect reference to the ecosystem around large projects, but no direct mention of Anduril in the transcript.
Доказательства
“We partner with local distributors to offer on-site product availability...”
Цепочка поставок
Цепочка поставок
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.
Доказательства
“We continue to make progress on USMCA compliance and shifting production for our US tools business from China to North America.”
Цепочка поставок
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.
Доказательства
“Given inflationary pressures remain persistent, it appears more likely than not a price increase will be necessary by 2027.”
Внешние сигналы
Альфа цепочки поставок · 5с момента звонка
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.
Доказательства
“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.
Доказательства
“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.
Доказательства
“we expect our U.S. commercial and industrial channel annual sales to approach 10% of total tools and outdoor sales in 2026”
Методология и полнота
Анализ основан только на заявлениях менеджмента. Показаны все подтверждённые упоминания компаний: 6. Фактические результаты и прогнозы разделены. Публичные доказательства ограничены восемью короткими атрибутированными цитатами. AI-анализ может быть неполным или ошибочным — проверяйте важные утверждения по первоисточнику.