Earnings release
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StanleyBlack & Decker Stanley Black & Decker Reports 3Q 2021 Results Record Third Quarter Revenue Driven by Robust Customer Demand Across All Segments Resulting in Double - Digit Organic Revenue Growth * New Britain , Connecticut , October 28 , 2021 ... Stanley Black & Decker ( NYSE : SWK ) today announced third quarter 2021 financial results . ● ● ● ● ● Record Third Quarter Revenues Of $ 4.3 Billion , Up 11 % Versus Prior Year ; All Segments Contributed To 10 % Organic Growth * , Led By Continued Strong Tools Demand 3Q'21 Operating Margin Was 11.6 % ; Excluding Charges 3Q'21 Operating Margin * Was 12.2 % , Down Versus Prior Year Reflecting Higher Supply Chain Costs That Accelerated In The Quarter 3Q'21 Diluted GAAP EPS Was $ 2.56 ; Excluding Charges , 3Q'21 Diluted EPS * Was $ 2.77 Revising 2021 Diluted GAAP EPS Guidance Range To $ 10.20 - $ 10.45 ( From $ 10.80 - $ 11.20 ) ; Revising Adjusted EPS * To $ 10.90 - $ 11.10 ( From $ 11.35 $ 11.65 ) Announced New Pouch Battery , DEWALT POWERSTACK ™ M , DEWALT'S Latest Breakthrough Innovation And Lightest And Most Powerful Compact Battery Announced BLACK + DECKERTM Brand To Launch reviva ™ Power Tools Line Featuring TritanTM Renew With 50 % Certified Recycled Content " We are pleased to deliver 10 % organic growth and record third quarter revenues as customer demand remains robust across the majority of our end markets , " stated James M. Loree , Stanley Black & Decker's CEO . " Our multi - year growth story remains compelling given the positive secular demand trends and unique opportunities ahead , which have been further enhanced by our recently announced MTD and Excel acquisitions . We continue to invest in innovation , manufacturing automation , inventory and our supply chain to fuel our growth , and I am confident that our company is positioned for success and top - quartile performance as a world leading innovator with an elevated commitment to ESG . " We are prioritizing meeting demand in a universally difficult supply chain environment and are actively addressing the inflationary trends impacting the business with new targeted pricing actions and increased productivity measures . I want to thank our 56,000 employees for their efforts that have enabled us to navigate the dynamic operating environment to serve our customers , " concluded Loree . * Non - GAAP Financial Measure As Further Defined On Page 6