Stanley Black and Decker Crushes Earnings

0:00It's April 29th, I'm Cory with the Story, and this is Hartford News today, your AI-powered local news. Stanley Black and Decker just dropped their first quarter earnings and they came in strong. The tool, giant out of New Britain Connecticut, posted net income of $59.6 million or $39 cents per share, adjusted for one-time costs that jumped to 80 cents per share, Wall Street was watching close, and these numbers crushed the forecasts. Analysts from Zachs expected just 61 cents per share, so this beat had everyone buzzing. Revenue hit $3.85 billion in the quarter, topping the $3.74 billion that five analysts predicted. That's real momentum for a company built on hammers, drills, and hardware. Looking ahead, they're guiding full-year earnings between $4.90 and $5.70 per share. Solid outlook after navigating some rough patches. These beat signal Stanley Black and Decker's back in the game, sharpening their edge for

1:00the year ahead.