Stanley Black & Decker FY24 Outlook: Adj. EPS $3.50-$4.50 Vs. $4.49 Estimate, GAAP EPS $1.60-$2.85
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker projects its FY24 EPS to be $1.60-$2.85 on a GAAP basis and $3.50-$4.50 on an adjusted basis, with free cash flow expected between $0.6 billion and $0.8 billion. The guidance includes the impact of the Infrastructure divestiture expected to close by the end of Q1 2024 and charges from the Global Cost Reduction Program.
February 01, 2024 | 11:10 am
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Stanley Black & Decker expects FY24 GAAP EPS of $1.60-$2.85 and adjusted EPS of $3.50-$4.50, with significant free cash flow and charges from cost reduction efforts.
The guidance reflects both optimism in free cash flow generation and caution due to costs from the Global Cost Reduction Program. The expected closure of the Infrastructure divestiture adds a layer of uncertainty. Overall, the mixed guidance suggests a neutral short-term impact on SWK's stock price, as investors may weigh the positive cash flow outlook against the costs and uncertainties.
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IMPORTANCE 90
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