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Stanley Black & Decker Reports Record 2Q 2021 Results New Britain , Connecticut , July 27 , 2021 ... Stanley Black & Decker ( NYSE : SWK ) today announced second quarter 2021 financial results . ● StanleyBlack & Decker ● 2Q'21 Revenues Totaled $ 4.3 Billion , Up 37 % Versus Prior Year With All Segments Growing Double Digits And Contributing To 33 % Organic Growth 2Q'21 Gross Margin Was 35.9 % ; Excluding Charges , Up 240 Basis Points Versus Prior Year 2Q'21 Operating Margin Was 14.9 % ; Excluding Charges 2Q'21 Operating Margin Was 15.5 % , Up 270 Basis Points Versus Prior Year Driven By Volume , Price , Innovation And Margin Resiliency 2Q'21 Diluted GAAP EPS Was $ 2.81 ; Excluding Charges , 2Q'21 Diluted EPS Was $ 3.08 , Up 93 % Versus Prior Year 2Q'21 Free Cash Flow Was $ 339 Million , Up 28 % Versus Prior Year • Raising 2021 Diluted GAAP EPS Guidance Range To $ 10.80 - $ 11.20 ( From $ 10.15 - $ 10.55 ) ; Raising Adjusted EPS To $ 11.35 - $ 11.65 ( From $ 10.70 - $ 11.00 ) ; Reiterating Free Cash Flow To Approximate Net Income • Quarterly Common Stock Dividend Increased 13 % To $ 0.79 Per Share , As Recently Announced 2Q'21 Key Points : ➤ Net sales for the quarter were $ 4.3 billion , up 37 % versus prior year as volume ( + 31 % ) , price ( + 2 % ) and currency ( + 5 % ) were partially offset by divestitures ( -1 % ) . The gross margin for the quarter was 35.9 % . Excluding charges , gross margin was up 240 basis points from prior year as volume , price , productivity and mix benefits from innovation were partially offset by commodity inflation and higher expedited transit costs required to meet strong demand . SG & A expenses were 21.0 % of sales . Excluding charges , SG & A expenses were 20.4 % of sales compared to 20.7 % in 2Q'20 , as strong operating leverage was partially offset by investments in growth initiatives across the businesses . The tax rate was 14.0 % . Excluding charges , tax rate was 14.8 % versus 15.0 % in 2Q'20 .