Global tools giant Stanley Black & Decker has announced its Q1 financials, delivering “stronger than planned” results.
The Connecticut-based company reported net sales of $3.8 billion across its divisions, with tools and outdoor net sales up 2% year-over-year, mainly due to higher prices and currency adjustments. The company said this was partially offset by volume declines “primarily due to retail softness in North America.”
Stanley B&D’s engineered fastening net sales were up 10% annually, with the company pointing to strong volume, as well as pricing and currency tailwinds.
The company also noted that, on April 6, it successfully completed its previously announced divestiture of Consolidated Aerospace Manufacturing ('CAM') to Howmet Aerospace for $1.8 billion.
According to Patrick Hallinan, EVP, Chief Financial Officer & Chief Administrative Officer, “We made solid progress in the first quarter to deliver sales, margin and cash in line with our full year plan.”
Hallinan added that the company “achieved this progress, despite ongoing macroeconomic challenges.”
Stanley Black & Decker increased its guidance for FY 2026, pledging to execute its strategic plans “to deliver on our near-term and long-term margin and cash flow objectives, while enhancing our earnings power to position the Company for long-term growth and value creation.”
