Stanley Black & Decker falls after lowering FY profit forecast

Stanley Black & Decker

04/11/2025 12:14

** Power tools maker Stanley Black & Decker's SWK.N shares fall 3.6% to about $64 premarket

** Co lowers FY profit forecast, citing higher production costs

** It expects 2025 adj profit of $4.55/shr vs analysts' estimates of $4.61/shr - LSEG data

** Says its global cost reduction program delivers ~$120 mln in incremental pre-tax run-rate savings in Q3

** Posts Q3 adj. profit of $1.43/shr vs estimates of $1.18/shr

** SWK reports Q3 revenue of $3.76 bln, slightly below estimates of $3.77 bln

** Six of 20 brokerages rate the stock "buy" or higher, 13 "hold" and one "sell"; their median PT is $86 - data compiled by LSEG

** As of last close, shares down 17.4% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))