Stanley Black & Decker Reports 2Q 2026 Results

Stanley Black & Decker, Inc. reported its second quarter 2026 financial results, with net sales of $4.0 billion, in line with the prior year and up 3% organically. The company saw a significant improvement in gross margin to 33.0% (adjusted 33.7%), benefiting from approximately 250 basis points from net tariff refunds. Diluted earnings per share (EPS) were $2.33 (adjusted EPS of $1.57), also including a benefit from tariff refunds. The company generated $763 million in cash from operations and $698 million in free cash flow. Stanley Black & Decker successfully completed the sale of Consolidated Aerospace Manufacturing (CAM) in April, which contributed to a $1.7 billion debt reduction and $250 million in share repurchases during the quarter. The company is raising its full-year 2026 guidance for both GAAP EPS and adjusted EPS, and also increased its free cash flow projection. The Tools & Outdoor segment reported a 3% organic sales increase, while Engineered Fastening saw a 3% organic revenue increase despite an 18% overall sales decrease due to the CAM divestiture.