Stanley Black & Decker (NYSE:SWK) reported third-quarter 2026 financial results on November 4, 2026, disclosing net sales of $3.7 billion, raised full-year guidance, and a new $1 billion share repurchase authorization approved by its Board of Directors.

Key Highlights

  • Net sales of $3.7 billion in 3Q 2026, down 1% on a total basis and up 4% on an organic basis versus the prior year.
  • EPS of $1.83; adjusted EPS of $2.31, both including an approximately $0.67 benefit from net tariff refunds, according to the filing.
  • Gross margin of 39.0%, up 760 basis points year over year, with an approximately 430 basis point contribution from net tariff refunds.
  • Free cash flow of $585 million in the quarter; the company raised its full-year free cash flow outlook to $1.0 billion to $1.2 billion.
  • Full-year adjusted EPS guidance raised to a range of $5.95 to $6.25, from a prior range of $5.20 to $5.80.
  • $250 million of share repurchases executed in 3Q 2026, fully utilizing the $500 million authorization approved in April 2026.
  • New $1 billion repurchase authorization approved by the Board on October 29, 2026, expiring October 29, 2029.

Stanley Black & Decker 3Q 2026: Segment Performance and Guidance Revisions

According to the filing, Stanley Black & Decker's Tools & Outdoor segment reported net sales of $3,336 million, with segment profit of $568.7 million and adjusted segment profit of $586.9 million. Segment margin was 17.0%, up 520 basis points year over year, while adjusted segment margin was 17.6%, up 560 basis points. The filing noted that net tariff refunds raised segment margin by approximately 430 basis points and that organic revenue in the segment increased 4%, driven primarily by power tools and strength in U.S. retail and commercial and industrial channels. North America net sales were up 3% on a total basis and up 6% organically.

The Engineered Fastening segment reported net sales of $396 million, down 21% year over year, primarily due to the CAM divestiture, which the filing identified as a 22 percentage point drag. Organic revenues in Engineered Fastening were up 2%, driven by broad-based industrial strength, partially offset by what the filing described as "automotive results below expectations." Segment margin was 11.7%, down 20 basis points year over year. The filing also disclosed that total pre-tax non-GAAP adjustments in the quarter were $89.3 million, including restructuring charges of $29.5 million, an asset impairment charge of $19.7 million, and a $20.4 million loss on the sale of a small business in the Engineered Fastening segment.

On the guidance revision, the company disclosed it is raising its 2026 GAAP EPS range to $5.45 to $5.85, from a prior range of $4.60 to $5.45. The filing stated these ranges represent year-over-year growth of 113% and 31%, respectively, at the midpoint of each range compared to 2025 performance. The filing also noted that on October 1, 2026, Debra Crew transitioned to Independent Chair of the Board, following the retirement of Executive Chair Donald Allan, Jr.

What Was Disclosed

Stanley Black & Decker filed its 3Q 2026 earnings press release on November 4, 2026, covering quarterly sales, segment results, non-GAAP adjustments, a full-year guidance increase, and a new $1 billion share repurchase authorization approved October 29, 2026.