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Earnings

Stanley Black & Decker climbs 13.93% after a big earnings beat and higher guidance

The toolmaker raised its 2026 profit and cash flow targets and approved a new $1 billion buyback, with tariff refunds giving the quarter a lift.

· AP's Morning Brief

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Image: Arild Vågen, NYSE Broad Street facade, CC BY-SA 4.0

Stanley Black & Decker (SWK) shares were up $14.57, or 13.93%, at $119.19 as of 3:11 p.m. ET on Wednesday, compared with Tuesday's regular-session price of $104.62, after the maker of DEWALT, Craftsman and Stanley tools reported third-quarter results well ahead of forecasts.

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Adjusted earnings were $2.31 a share, the company said, against a consensus estimate of $1.56, according to Investing.com. Net sales were $3.7 billion, down 1% from a year earlier but up 4% on an organic basis. Free cash flow for the quarter was $585 million.

Part of that strength came from a one-time source. The company said net tariff refunds added about $0.67 to earnings per share and about 430 basis points to gross margin in the quarter.

The company raised its full-year 2026 adjusted earnings forecast to $5.95 to $6.25 a share, from $5.20 to $5.80, and lifted its free cash flow target to $1.0 billion to $1.2 billion. It repurchased about $250 million of stock in the quarter, and its board approved a new repurchase authorization of up to $1 billion.

Sources

  1. Nasdaq.com quote (SWK) — SWK last sale $119.19, net change +14.57, +13.93% as of Nov 4, 2026 3:11 PM ET (implies prior regular-session price $104.62).
  2. Yahoo Finance chart data (SWK) — Nov 3, 2026 regular-session price $104.62; $119.19 as of 15:11 ET Nov 4, 2026.
  3. Stanley Black & Decker investor relations — 3Q 2026 net sales $3.7 billion, down 1%, up 4% organic; adjusted EPS $2.31 including about $0.67 from net tariff refunds; tariff refunds about 430 basis points of gross margin; free cash flow $585 million; about $250 million of share repurchases in 3Q; new $1 billion repurchase authorization; 2026 adjusted EPS guidance raised to $5.95 to $6.25 from $5.20 to $5.80; free cash flow now expected at $1.0 billion to $1.2 billion.
  4. Investing.com — Adjusted EPS $2.31 against consensus estimate of $1.56; revenue $3.73 billion.