BUZZ–Stanley Black & Decker stock rises on boosted earnings forecast, Q3 profit exceeds expectations

November 4 - ** Stanley Black & Decker SWK.N's pre-market share price rose 1% to $105.72 after the release of its third-quarter earnings report

** The tool manufacturer raised its adjusted earnings per share outlook for fiscal year 2026 from $5.20–$5.80 to $5.95–$6.25

** Free cash flow for 2026 is expected to reach $1 billion to $1.2 billion, higher than the previous estimate of $600 million to $800 million

** According to LSEG data, adjusted earnings per share for the third quarter were $2.31, higher than analysts' average estimate of $1.56

** Net sales for the third quarter were $3.73 billion, slightly below the expected $3.74 billion; organic sales grew by 4%

** Adjusted gross margin was 39.4%, up 780 basis points year-on-year, with tariff rebates contributing about 430 basis points

** The company announced approval of a new $1 billion share repurchase plan

** As of the previous trading day's close, the stock had risen about 41% year to date

(To assist non-English speakers, Reuters provides automated translations of its reports into several other languages. Because automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation and provides it for the convenience of readers only. Reuters assumes no responsibility for any damage or loss caused by the use of the automated translation function.)