Stanley Black & Decker Narrows FY24 Adjusted EPS Forecast To $3.90 to $4.30 (from $3.70 to $4.50) Vs, $4.20 Est.
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker has adjusted its FY24 EPS forecast to $3.90-$4.30, slightly narrowing the range. The company reports improved gross margins and free cash flow, focusing on supply chain improvements and long-term growth.
October 29, 2024 | 10:06 am
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Stanley Black & Decker narrows its FY24 adjusted EPS forecast to $3.90-$4.30, indicating improved gross margins and free cash flow. The company is focused on supply chain improvements and long-term growth.
The narrowing of the EPS forecast range, along with improved gross margins and free cash flow, suggests positive operational performance. The focus on supply chain improvements and long-term growth is likely to be viewed favorably by investors, potentially leading to a positive short-term impact on the stock price.
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