Stanley Black & Decker Q4 Earnings Rise; Gives Conservative 2013 Outlook (SWK)

Stanley Black & Decker Q4 Earnings Rise; Gives Conservative 2013 Outlook (SWK)


Appliance, power tool, and security company Stanley Black & Decker, Inc. (SWK) said on Thursday that its fourth quarter profit more than tripled due to the sale of a business. Excluding the sale, earnings still beat Wall Street views.

The New Britain, Connecticut-based company said its fourth quarter more than tripled, helped by the sale of Spectrum Brands Holdings Inc. SWK said its net income was $492.1 million, or $2.99 per share, compared to $164 million, or 98 cents per share, earned in the last quarter of 2011. However, earnings from continuing operations fell -15%.

Excluding one-time charges and the results from the sold business, adjusted EPS was $1.37. According to FactSet, analysts were predicting that the company would earn an adjusted $1.34 per share.

The company’s revenue was up +4% to $2.67 billion. Analysts, on average, were expecting revenue to be $2.60 billion.

For the full year, Stanley Black & Decker earned $883.8 million, or $5.30 per share, on $10.19 billion in revenue.

The company’s 2013 guidance is an EPS in the range of $5.40 to $5.65. Analysts are expecting $5.81 per share.

Stanley Black & Decker shares were down 2% during early trading on Thursday. The stock is up +9.63% over the past year.

The Bottom Line
Shares of Stanley Black & Decker (SWK) have a 2.51% dividend yield, based on last night’s closing stock price of $77.96. The stock has technical support in the $70-$75 price area. The stock is trading near the all-time high range of $80-$81 a share.

Stanley Black & Decker, Inc. (SWK) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today