Stanley Black & Decker (SWK) reported solid third-quarter results Friday, with cash generation and improved margin performance on full display.
SWK YTD mountain Stanley Black & Decker YTD Stanley Black & Decker shares soared roughly 8% on the print, boosting their year-to-year gains to more than 11%.
Stanley Black & Decker's marginally weaker-than-expected sales in the quarter were more than offset by further improvement to inventory levels.
The company is targeting further gross margin expansion in 2024 as the work to get over the 35% by 2025 threshold continues.
Stanley Black & Decker drills are displayed for sale at a Home Depot store in Emeryville, California.
Persons:
Stanley Black, Decker, Decker YTD Stanley Black, it's, Donald Allan, Jim Cramer's, Jim Cramer, Jim, David Paul Morris
Organizations:
Revenue, LSEG, Management, Pro Tools, CNBC, Bloomberg, Getty
Locations:
Emeryville , California