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
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.
管理層重申了2024財年的整體指引,如2024年10月29日所述。公司繼續預計其2024年的GAAP每股收益將在$1.15到$1.75之間,調整後每股收益*將在$3.90到$4.30之間。公司還重申,預計自由現金流*約爲65000萬到85000萬之間。2024年GAAP與調整後每股收益*指引之間的差異約爲$2.55到$2.75,主要包括與全球成本削減計劃下的供應鏈轉型相關的費用、環保母基調整以及品牌減值費用。
2027 Financial Targets**
2027財務目標**
In addition, Stanley Black & Decker provided 2027 financial targets as follows:
此外,Stanley Black & Decker提供了以下2027財務目標:
- 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
- 淨銷售額:$165億到$170億(低單一數字的3年營業收入年複合增長率)
- 調整後息稅折舊攤銷前利潤*:約$25億 +/- $10000萬(調整後毛利率*超過35%)
- 自由現金流轉換*:~100% +/-10個百分點
- 持續的股息增長
- 穩健的投資級信用評級