Stanley Black & Decker increases prices to counteract the effects of tariffs.
by Web Administrator
May 21, 2025 10:40
In Q1 2025, Stanley Black & Decker reported revenues of $3.7 billion, a 3% decline year-over-year, while net earnings surged to $90.4 million, up from $19.5 million, with earnings per share rising to 60 cents. The company is addressing tariff impacts by raising prices and adjusting its supply chain, including moving production from China to Mexico to enhance compliance with trade agreements. Despite challenges, the company aims to optimize costs and protect cash flow, while anticipating a tariff-related headwind of 75 cents per share for the year.