Stanley Black & Decker (SWK) reported net income of US$ 272.1 million in the third quarter of 2026, compared with US$ 51.4 million in the same period of 2025. Earnings per share (EPS) were US$ 1.83, versus US$ 0.34 a year earlier. The result includes a benefit of about US$ 0.67 per share from tariff refunds (net of costs and taxes).
Revenue totaled US$ 3.7 billion (US$ 3,731.6 million), down 1% and up 4% on an organic basis (non-GAAP, excluding acquisitions, divestitures and currency). Gross margin was 39.0%, up 760 basis points, with an impact of about 430 basis points from tariff refunds. Adjusted earnings per share (non-GAAP, excluding items the company considers non-recurring) were US$ 2.31. EBITDA (earnings before interest, taxes, depreciation and amortization) was US$ 525.9 million, and adjusted EBITDA was US$ 609.1 million. Free cash flow was US$ 585 million, with operating cash flow of US$ 659 million.
In the Tools & Outdoor segment, revenue was US$ 3,336 million, up 2%, with a margin of 17.0%. In Engineered Fastening, revenue was US$ 396 million, down 21% due to the sale of CAM, with a margin of 11.7%. The quarter included adjustments of US$ 89.3 million, related to restructuring, asset write-offs and factory reorganization actions.
During the quarter, the company repurchased about 2.5 million shares for approximately US$ 250 million, using the entire prior authorization. On October 29, 2026, the board approved a new buyback of up to US$ 1 billion, valid for 36 months, through October 29, 2029.
The 2026 GAAP EPS guidance rose to US$ 5.45 to US$ 5.85, from US$ 4.60 to US$ 5.45. Adjusted EPS guidance moved to US$ 5.95 to US$ 6.25, from US$ 5.20 to US$ 5.80. Expected free cash flow is US$ 1.0 billion to US$ 1.2 billion, up from US$ 600 million to US$ 800 million.
