Stanley Black & Decker (SB&D) announced its fourth quarter financials results. In 2024, Dewalt, an SB&D brand posted its seventh consecutive quarter of organic growth.
SB&D reported Q4 2024 sales of $3.720 billion, a 0.43% decline year over year. Q4 net sales remained flat, as volume growth was offset by declines in price, currency and infrastructure divesture.
Gross provide increased 3.6 % to $1.144 billion during Q4. Net earnings from continuing operations were 5.2% of sales, up from a loss from continuing operations, 7.4% of sales in Q4 2023.
Operating cash flow for the quarter was $679 million, compared to $769.3 million a year ago.
“With the recent tariff announcements, we are preparing for a dynamic backdrop in 2025 and expect to respond with supply chain and price actions designed to mitigate the impact from such tariffs to maintain our margin objectives, which enable us to fuel innovation and brand building,” says Patrick D. Hallinan, executive vice president and CFO. “Our top priorities remain delivering margin expansion, cash generation and restoring balance sheet strength over the next 12 to 18 months to position the company for long-term growth and value creation.”
SB&D’s operating margin for Q4 2024 was 5.4%, down 7.2% year over year.
“Stanley Black & Decker is built on the strength of our people, iconic brands and a powerful innovation engine,” Hallinan says. “By accelerating our growth culture with operational excellence at its core, we are positioning the company to deliver improved organic growth, margins and cash flow to support strong long-term shareholder returns.”
SB&D reported $15.4 billion in revenue, a 3% decrease year over year.