Stanley Black & Decker Inc (SWK) released its first quarter results on Thursday, April 29, 2021. The company reported net earnings of $2.98 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 240 percent compared to the same period a year ago.
Stanley Black & Decker, Inc. was founded in 1843 and is headquartered in New Britain, Connecticut. Stanley Black & Decker, Inc. engages in the tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.
Stanley Black & Decker's revenue increased 10 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 40.7% for the first quarter compared to the same period in the previous year, and operating margins increased to 15.54% over the same period. Net earnings for past trailing twelve months were $1555.2 million, up 69% from the prior year.
Moving on to the balance sheet, Stanley Black & Decker’s cash levels dropped 4% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 34.4% this past year. The current ratio for Stanley Black & Decker now stands at 1.42. The company increased shares outstanding by 4.72%.
Shares of SWK are currently trading around $209.49. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 21.35 and price to book ratio of 2.94.