Stanley Black & Decker Provides Strategic Update; Reaffirms Its FY24 Guidance Of $3.90-$4.30 Vs $4.15 Est; Sees FY27 Net Sales $16.5B-$17B; Adjusted EBITDA About $2.5B +/- $100M
Stanley Black & Decker Provides Strategic Update; Reaffirms Its FY24 Guidance Of $3.90-$4.30 Vs $4.15 Est; Sees FY27 Net Sales $16.5B-$17B; Adjusted EBITDA About $2.5B +/- $100M
In addition, Stanley Black & Decker provided 2027 financial targets as follows:2024 Guidance
2024年指引
Management reaffirmed its full year 2024 guidance as provided on October 29, 2024. The Company continues to expect its 2024 GAAP EPS to be between $1.15 to $1.75 and adjusted EPS* to be between $3.90 to $4.30. The Company also reiterated that it expects free cash flow* at approximately $650 million to $850 million. The difference between 2024 GAAP and adjusted EPS* guidance is approximately $2.55 to $2.75, consisting primarily of charges related to the supply chain transformation under the Global Cost Reduction Program, environmental reserve adjustments and a brand impairment charge.
管理层重申了2024财年的整体指引，如2024年10月29日所述。公司继续预计其2024年的GAAP每股收益将在$1.15到$1.75之间，调整后每股收益*将在$3.90到$4.30之间。公司还重申，预计自由现金流*约为65000万到85000万之间。2024年GAAP与调整后每股收益*指引之间的差异约为$2.55到$2.75，主要包括与全球成本削减计划下的供应链转型相关的费用、环保母基调整以及品牌减值费用。
2027 Financial Targets**
2027财务目标**
In addition, Stanley Black & Decker provided 2027 financial targets as follows:
此外，Stanley Black & Decker提供了以下2027财务目标：
- Net Sales: $16.5B to $17.0B (low-single digit 3-year revenue CAGR)
- Adjusted EBITDA*: ~$2.5B +/- $100M (with >35% adjusted gross margins*)
- Free Cash Flow Conversion*: ~100% +/-10pts
- Continued Dividend Growth
- Solid Investment Grade Credit Rating
- 净销售额：$165亿到$170亿（低单一数字的3年营业收入年复合增长率）
- 调整后息税折旧摊销前利润*：约$25亿 +/- $10000万（调整后毛利率*超过35%）
- 自由现金流转换*：~100% +/-10个百分点
- 持续的股息增长
- 稳健的投资级信用评级
