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Stanley Black & Decker Reports 3Q 2023 Results

Published: October 27, 2023

Global Cost Reduction Program Delivered $875 Million of Pre-Tax Run-Rate Savings Since Initiation; On-Track for Expected $2 Billion Run-Rate Savings by 2025 Gross Margin Expanded Sequentially and...

Source: marketscreener.com

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United StatesDennis LangeChristina FrancisDebora RaymondDonald AllanPatrickd HallinanSecurities ExchangeStanley Black Decker IncExchange CommissionOil GasGlobal Cost Reduction ProgramGlobal Cost Reduction Program DeliveredPre Tax Run Rate Savings Since InitiationRun Rate SavingsMargin Expanded SequentiallyVersus Prior Year DueOngoing Inventory Optimization ActionsLower Supply ChainOperating ActivitiesFree CashThird Quarter DrivenInventory ReductionsInventory ReducedQuarter RevenuesDown Versus Prior Year Primarily Due