Stanley Black & Decker, Inc.

Company facts

Industry

Cutlery, Handtools & General Hardware

Headquarters

New Britain, Connecticut

Most recent report

8-K, filed Sep 4, 2026

Incorporated

Connecticut

Filings on record

1,000+ filings

On EDGAR

CIK 93556

Fiscal year ends

January

Filer status

Large accelerated filer

What to read: Jul 2026 10-Q

SECSift found 4 of 11 sections worth reading, with 8 positive, 11 notable, and 2 negative flags.

• Financial Statements (Item 1)

  Full financials with CAM sale, IEEPA refund, debt paydown, buybacks, and litigation.
  Notable

  • IEEPA tariff refund gain $118.0M in cost of sales in Q2 2026.
  • Interest coverage covenant at 2.50x through Q2 2026, then 3.50x.
  Negative

  • Environmental remediation reserves $249.8M as of July 4, 2026.

• Management's Discussion (Item 2)

  Core MD&A with Q2 results, CAM divestiture, tariff refund, and guidance raise.
  Positive

  • Q2 2026 gross margin improved to 33.0% GAAP (27.0% prior year); adjusted 33.7% vs 27.5%.
  • Tools & Outdoor segment profit margin hit 10.9% vs 6.9% in Q2 2025, driven by productivity and tariff net benefit.
  • Engineered Fastening segment profit margin rose to 13.0% vs 7.2% in Q2 2025, helped by productivity and automotive growth.
  • Raised full-year 2026 adjusted EPS guidance to $5.20-$5.80 from $4.90-$5.70.
  • Raised free cash flow guidance to $600-$800M from $500-$700M, including CAM taxes and tariff refund.
  • Q2 2026 free cash flow was $698.2M inflow vs $134.7M in prior year.
  • Debt reduced: commercial paper repaid $1.75B in Q2, no CP outstanding at July 4; long-term debt decreased $500M.
  • New $2.0B 5-year credit facility and $1.0B 364-day facility executed; no borrowings outstanding.
  Notable

  • $250M in share repurchases executed under new $500M April 2026 program; $250M remaining.
  • CAM divestiture closed April 6, 2026 for $1.8B; $270.6M net pre-tax gain recorded.
  • $60M restructuring charges in H1 2026, expected to yield $120M annual savings by end of 2027.
  • Q2 2026 recognized $118M pre-tax gain from IEEPA tariff refunds in cost of sales, partially offset by $83M in costs.
  • Covenant: interest coverage ratio must be ≥3.50x after Q2 2026; was 2.50x through Q2 2026.
  • Forward share purchase contract partially settled: $125M paid, 1.27M shares received; 2.37M remain.

• Risk Factors (Item 1A)

  Concrete tariff and supply chain impacts with real examples and refund claims.
  Notable

  • Company submitted refund claims for IEEPA tariffs that were invalidated; recovery amounts and timing highly uncertain.
  • Shifted production of certain power tools to Mexico in 2025, making them subject to additional tariffs; seeking USMCA exemption.
  Negative

  • China's April 2025 rare earth export restrictions caused component delays and shortages; further restrictions could disrupt supply.

• Unregistered Sales and Repurchases (Item 2)

  Company-specific: new $500M buyback program with $250M spent in quarter.
  Notable

  • Partial settlement of 2015 forward contract at $98.30 per share, well above Q2 2026 average repurchase price of $77.15.

What changed: Jul 2026 vs. Apr 2026

About 15% of SWK's Jul 2026 10-Q is new information. 49 paragraphs were added, 158 changed, and 51 removed. Below are the most important lines SECSift identified.

• Item 1 81
• Item 2 71
• Item 6 6
• Item 4 5
• Item 1A 4
• Item 3 1
• Item 5 1