2024 Guidance
Management reaffirmed its full year 2024 guidance as provided on October 29, 2024. The Company continues to expect its 2024 GAAP EPS to be between $1.15 to $1.75 and adjusted EPS* to be between $3.90 to $4.30. The Company also reiterated that it expects free cash flow* at approximately $650 million to $850 million. The difference between 2024 GAAP and adjusted EPS* guidance is approximately $2.55 to $2.75, consisting primarily of charges related to the supply chain transformation under the Global Cost Reduction Program, environmental reserve adjustments and a brand impairment charge.
2027 Financial Targets**
In addition, Stanley Black & Decker provided 2027 financial targets as follows:
- Net Sales: $16.5B to $17.0B (low-single digit 3-year revenue CAGR)
- Adjusted EBITDA*: ~$2.5B +/- $100M (with >35% adjusted gross margins*)
- Free Cash Flow Conversion*: ~100% +/-10pts
- Continued Dividend Growth
- Solid Investment Grade Credit Rating
