Stanley Black & Decker Guides FY23 Above Estimates - Update

RTTNews | 623 hari yang lalu
Stanley Black & Decker Guides FY23 Above Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Thursday, Stanley Black & Decker (SWK) initiated its earnings and adjusted earnings outlook for the full-year 2023, above analysts' estimates.

For fiscal 2023, the company now projects results between a loss of $1.65 and earnings of $0.85 per share and adjusted earnings in a range of $0.00 To $2.00 per share.

On average, analysts polled by Thomson Reuters expect the company to report a loss of $0.31 per share for the year. Analysts' estimates typically exclude special items.

The company said the difference between 2023 reported and adjusted guidance consists of integration-related charges and other charges primarily due to supply chain transformation under the Global Cost Reduction Program.

The guidance band reflects the wider range of 2023 demand possibilities and destocking scenarios with a loss per share is expected in the front half as the Company prioritizes free cash flow generation. The company expects the impact of targeted production curtailments to continue to weigh on margins through the first half of 2023.

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CPSC Recalls: Gazebos, Mowers, Power Banks, Coffee Makers, Candles, Baby Loungers

CPSC Recalls: Gazebos, Mowers, Power Banks, Coffee Makers, Candles, Baby Loungers

The U.S. Consumer Product safety Commission or CPSC has announced recalls including BJ's gazebos, Stanley Black & Decker mowers, IKEA power banks, ALDI coffee makers, Trader Joe's candles, and certain baby loungers, citing various reasons. The recalls include BJ's Wholesale Club's' about 32,500 units of Berkley Jensen Gazebos citing injury risk; Stanley Black & Decker Inc.'s about 46,200 units...
RTTNews | 62 hari yang lalu
Stanley Black & Decker Appoints Patrick Hallinan As New CFO

Stanley Black & Decker Appoints Patrick Hallinan As New CFO

Stanley Black & Decker (SWK) announced Monday the appointment of Patrick Hallinan to Executive Vice President, Chief Financial Officer, effective April 6. Hallinan, who succeeds interim CFO Corbin Walburger, will report to Donald Allan Jr., President and CEO of Stanley Black & Decker.
RTTNews | 633 hari yang lalu
U.S. Homebuilder Confidence Improves For Second Straight Month In October

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With inflation gradually easing and homebuilders anticipating mortgage rates will moderate in coming months, the National Association of Home Builders released a report on Thursday showing homebuilder confidence in the U.S. improved by slightly more than expected in the month of October.
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U.S. Industrial Production Dips In September Amid Boeing Strike, Hurricanes

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A report released by the Federal Reserve on Thursday showed industrial production in the U.S. fell by slightly more than expected in the month of September. The Fed said industrial production decreased by 0.3 percent in September after rising by a downwardly revised 0.3 percent in August. Economists had expected industrial production to dip by 0.2 percent.
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Walmart Offers Thanksgiving Meal For Below $7/Person Through Dec. 25

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Walmart Inc. officially launched its holiday meal, offering customers a Thanksgiving meal for less than $7 per person. The offer, which comes earlier than last year, and at an even lower price, is available from October 14 through December 25. Walmart said its inflation-free Thanksgiving meal would benefit customers, who want to begin saving earlier and throughout the holiday season.
RTTNews | 4j 26min yang lalu
ECB Cuts Interest Rates By 25 Bps As Lagarde Airs Concern On Eurozone Growth

ECB Cuts Interest Rates By 25 Bps As Lagarde Airs Concern On Eurozone Growth

The European Central Bank cut key interest rates by 25 basis points, as expected on Thursday, as policymakers assessed that the disinflation process is on track, and but they are increasingly concerned over the health of the euro area economy following some soft data released since the September policy session.
RTTNews | 4j 47min yang lalu