Stanley black & decker reports 2q 2023 results

Global cost reduction program delivered $230 million of pre-tax run-rate savings in second quarter 2023; on-track for expected $1 billion run-rate savings by end of 2023 delivered second consecutive quarter of sequential gross margin improvement strong progress on inventory reduction, with incremental $375 million reduction in second quarter 2023; approximately $1.4 billion inventory reduction since mid-2022  new britain, conn. , aug. 1, 2023 /prnewswire/ -- stanley black & decker (nyse: swk), a worldwide leader in tools and outdoor, today announced second quarter 2023 financial results.
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