Stanley black & decker reports 1q 2023 results

Global cost reduction program delivered $230 million of pre-tax run-rate savings in first quarter 2023; on-track for expected $1 billion annualized savings by end of 2023 gross margin improved versus fourth quarter 2022 expected trough strong progress on inventory reduction, with $200 million improvement in the first quarter; approximately $1 billion inventory reduction since mid-2022 new britain, conn. , may 4, 2023 /prnewswire/ -- stanley black & decker (nyse: swk) today announced first quarter 2023 financial results.
SWK Ratings Summary
SWK Quant Ranking