Stanley Black & Decker (SWK) Earnings Transcript

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Wed, February 4, 2026 astatine 8:36 AM CST 45 min read

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Wednesday, February 4, 2026 astatine 8 a.m. ET

• President and Chief Executive Officer — Christopher Nelson

• Executive Vice President, Chief Financial Officer, and Chief Administrative Officer — Patrick Hallinan

• Vice President, Investor Relations — Michael Wherley

Michael Wherley: Thank you, Shannon. Good morning, everyone, and acknowledgment for joining america for our 4th fourth and afloat twelvemonth net call. With america contiguous are Christopher Nelson, President and CEO, and Patrick Hallinan, Executive Vice President, CFO, and Chief Administrative Officer. Our net release, which was issued earlier this morning, and a supplemental presentation, which we volition notation to, are disposable connected the IR conception of our website. A replay of today's webcast volition besides beryllium disposable opening astir 11 AM Eastern Time. This morning, Chris and Pat volition reappraisal our 4th fourth and afloat twelvemonth results, on with our outlook for 2026, followed by a Q&A session.

During today's call, we volition beryllium making immoderate forward-looking statements based connected existent views. Such statements are based connected assumptions of aboriginal events that whitethorn not beryllium to beryllium accurate, and arsenic such, they impact hazard and uncertainty. It's truthful imaginable that existent results whitethorn materially disagree from immoderate forward-looking statements that we mightiness marque today. We nonstop you to the cautionary statements successful the 8-Ks that volition beryllium filed with our property release, and successful our astir caller 34 Act filing. Additionally, we whitethorn besides notation non-GAAP fiscal measures during the call.

For applicable reconciliations to the related GAAP fiscal measurement and further information, delight notation to the appendix of the supplemental presumption and the corresponding property release, which are disposable connected our website. I volition present crook the telephone implicit to our President and CEO, Christopher Nelson.

Christopher Nelson: Thank you, Michael, and bully morning, everyone. I americium arrogant of the results our squad delivered successful 2025, a testament to our resilience, innovation, and relentless pursuit of excellence. DEWALT and aerospace fasteners were areas of notable gross maturation this year, up debased azygous digits and 25% respectively, which contributed to afloat twelvemonth revenues of $15.1 billion. Total revenues were down astir 1% organically successful 2025. Stanley Black & Decker has remained steadfast successful our committedness to disciplined execution. This is particularly important considering the perpetually shifting macroeconomic and operating environment. We proceed to proactively execute targeted maturation investments and to prosecute assertive tariff mitigation actions.