Why Stanley Black & Decker Shares Are Diving Today
Why Stanley Black & Decker Shares Are Diving Today
Stanley Black & Decker Inc (NYSE:SWK) shares are trading lower after the company reported first-quarter FY24 results.
美國斯坦利黑德爾公司（NYSE：SWK）報告了2024財年第一季度業績後股價下跌。
Sales declined 2% Y/Y to $3.870 billion, beating the consensus of $3.823 billion. The revenue decline is primarily due to lower infrastructure volume and muted consumer and DIY demand.
銷售額同比下降2％至38.7億美元，超過預期的38.23億美元。收入下降主要是由於製造行業用戶數下降和消費與DIY需求平淡。
Gross margin expanded by 740 bps Y/Y to 28.6%, and adjusted gross margin was up 590 bps Y/Y to 29.0%.
毛利率同比擴大740個點子至28.6％，調整後毛利率同比增長590個點子至29.0％。
Adjusted gross margin expansion was driven by lower inventory destocking costs, supply chain transformation benefits, and declining shipping costs.
調整後毛利率同比擴張是由於庫存去除成本降低、供應鏈轉型效益以及運輸成本下降所推動的。
Adjusted EBITDA margin was 8.9%, up 440 basis points Y/Y. Adjusted EPS of $0.56 beat the consensus of $0.54.
調整後的EBITDA利潤率同比增長440個點子至8.9％，每股收益爲$0.56，超過預期的$0.54。
Cost Savings: The Global Cost Reduction Program generated incremental pre-tax run-rate cost savings of $145 million. Since the program's inception in mid-2022, the company has generated around $1.2 billion in pre-tax run-rate savings and reduced inventory by $1.9 billion.
成本節約：全球成本削減計劃產生了每年14500萬美元的額外稅前成本節約。自2022年中期以來，公司已經實現了約12億美元的稅前每年現金流節約，並將庫存減少了19億美元。
Stanley Black & Decker expects to generate $1.5 billion of pre-tax run-rate cost savings by end-2024, growing to $2 billion by the end of 2025.
斯坦利黑德爾公司預計到2024年底實現每年150億美元的稅前現金流節約，到2025年底增長到200億美元。
The company witnessed a negative operating cash flow of ($431.0 million) in the quarter. Stanley Black & Decker held $481.4 million in cash and equivalents as of March 30.
該公司本季度經營活動現金流爲負43100萬美元。截至3月30日，斯坦利黑德爾公司持有48140萬美元的現金和相應的存款。
2024 Outlook Reaffirmed: Stanley Black & Decker expects adjusted EPS of $3.50-$4.50 versus consensus of $4.15. The company sees a free cash flow of $0.6 billion to $0.8 billion.
2024年展望：斯坦利黑德爾公司預計調整後每股收益爲3.50-4.50美元，預期比市場預期的4.15美元低。該公司預計自由現金流爲6億到8億美元。
Donald Allan, Jr., President & CEO said, "Looking forward, we expect mixed demand trends to persist across our businesses in 2024, and we are driving supply chain cost improvements designed to expand margins, deliver earnings growth and generate strong cash flow."
總裁兼首席執行官Donald Allan, Jr.表示：“展望未來，我們預計2024年我們的各業務線的需求呈現出不同的趨勢。我們正在推動的供應鏈成本改進旨在擴大利潤率，實現盈利增長併產生強大的現金流。”
"At the same time, the long-term growth and market share gains we are focused on achieving will be driven by introducing exciting new products within our most powerful brands designed to deliver enhanced productivity for end users. We are funding growth investments intended to further accelerate innovation and differentiated market activation to capture these compelling long-term opportunities."
“與此同時，我們將通過推出最具影響力的品牌中的令人興奮的新產品來實現長期增長和市場份額的提升，這些新產品旨在爲最終用戶提供增強的生產力。我們正在爲進一步加速創新和差異化市場激活而提供增長投資，以捕捉這些引人注目的長期機遇。”
Investors can gain exposure to the stock via Roundhill ETF Trust Roundhill S&P Dividend Monarchs ETF (NYSE:KNGS) and Federated Hermes ETF Trust Federated Hermes U.S. Strategic Dividend ETF (NYSE:FDV).
投資者可以通過Roundhill ETF Trust Roundhill S&P Dividend Monarchs ETF（NYSE：KNGS）和Federated Hermes ETF Trust Federated Hermes U.S. Strategic Dividend ETF（NYSE：FDV）來獲得該股票的曝光。
Price Action: SWK shares are down 9% at $83.58 at the last check Thursday.
截至上週四的最後一次查詢，SWk股票下跌9％，至83.58美元。