Stanley Black & Decker : Q4 2022 Stanley Black & Decker, Inc. Earnings Conference Call Slides
February 02, 2023 at 07:41 am EST
Share
Fourth Quarter And Full Year
2022 Overview
F e b r u a r y 2 , 2 0 2 3
Participants
Don Allan
President & CEO
Corbin Walburger
VP, Interim CFO
Dennis Lange
VP, Investor Relations
4Q And FY 2022 Earnings Call | 2
Cautionary Statement
Certain Statements Contained In This Presentation Are Forward Looking. These Are Based On Assumptions Of Future Events Which May Not Prove To Be Accurate. They Involve Risk And Uncertainty. Actual Results May Differ Materially From Those Expected Or Implied. We Direct You To The Cautionary Statements Detailed In The Corresponding Press Release And Form 8-K And Our Recent '34 Act SEC Filings.
The Company's results represent continuing operations and exclude the Security
divestiture. Supplementary historical financial information reflecting the Security divestiture recorded in discontinued operations is available on the investor section of the website or can be accessed directly through the following link: Supplemental Historical Financial Information
4Q And FY 2022 Earnings Call | 3
4Q & FY 2022 Key Messages
4Q Was Another Meaningful Step Forward On Our Journey To Simplify & Transform Stanley Black & Decker
Delivered FY'22 Revenues Of $16.9 Billion, Up 11% Versus Prior Year Led By Outdoor
Power Equipment Acquisitions, Industrial Segment Growth & Price Realization
Global Cost Reduction Program On Track And Delivered $200 Million Pre-Tax Savings In The Second Half Of 2022
Fourth Quarter Inventory Reduction Of $500 Million Supporting $520 Million Free Cash Flow* Generation In The Period & Contributed $0.5 Billion Of Debt Reduction
Full Year Adjusted Diluted EPS* Was $4.62
Guiding 2023 Full Year Adjusted Diluted EPS* Of $0.00 To $2.00 | Free Cash Flow* Expected To Approximate $0.5 Billion To $1 Billion
Preparing To Navigate A Challenging Macroeconomic Backdrop, While Advancing Our Supply Chain Transformation And Investing In Our Iconic Brands, Innovation Model, Electrification & Commercial Activation To Accelerate Share Gain
FY'22 Key Financials
$16.9B
Total Revenue
+11%
Total Revenue Growth
(3%)
Organic Revenue*
+7%
Price Realization
$4.62
Adjusted Diluted EPS*
*Non-GAAP Financial Measures. See Appendix For Reconciliation of GAAP To Non-GAAP Measures Used in This Presentation.
4Q And FY 2022 Earnings Call | 4
Transforming To Accelerate Organic Growth
A Clear Vision And New Strategy For Long-Term Success…
Reduce Complexity -
~$2B 3-Year Cost Savings
O P T I M I Z E
C O R P O R AT E S T R U C T U R E
F O C U S
O P E R AT I N G M O D E L
T R A N S F O R M
S U P P LY C H A I N
Invest In Core Growth
$300M - $500M
I N N O V A T I O N
E L E C T R I F I C A T I O N
M A R K E T L E A D E R S H I P
M O R E R E S P O N S I V E
S U P P LY C H A I N
Enhance
Shareholder Return
O r g a n i c R e v e n u e
G r o w t h * 2 - 3 X M a r k e t
3 5 % + A d j u s t e d G r o s s M a r g i n *
B y 2 0 2 5
1 0 0 % + F r e e C a s h F l o w * C o n v e r s i o n
P o w e r f u l I n n o v a t i o n
C u s t o m e r F i l l R a t e
I m p r o v e m e n t
…More Focused, Purpose-Driven Company, Delivering Value For Our Stakeholders
* Non-GAAP Financial Measure
4Q And FY 2022 Earnings Call | 5
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Stanley Black & Decker Inc. published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 12:40:03 UTC.
Stanley Black & Decker, Inc. specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Net sales break down by family of products as follows:
- electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators , grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.);
- industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc.;
- access and security products (12.7%): automatic doors, door closers, emergency exit devices, locking mechanisms, integrated security devices, etc.
Net sales are distributed geographically as follows: the United States (60.5%), Canada (4.7%), Americas (4.2%), France (4%), Europe (19.2%) and Asia (7.4%).