Stanley Black & Decker (SWK) Revenue — Quarter Ended Apr 1, 2023
Revenue for the quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease from the prior year was more pronounced than the sequential decline.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue for the quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease from the prior year was more pronounced than the sequential decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
-1.4%
Change from the immediately preceding quarter.
Year-over-year
-11.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2022 | $4.4B | +15.6% |
| Oct 1, 2022 | $4.1B | +9.0% |
| Dec 31, 2022 | $4B | +0.1% |
| Apr 1, 2023 | $3.9B | -11.6% |
Revenue performance
The reported revenue was lower than the prior quarter, continuing a trend of sequential declines over the past several periods.
Quarterly comparison
Compared with the same quarter one year ago, revenue fell by a larger margin than the sequential decline, reflecting a more significant year-over-year contraction.
What to watch
The filing context highlights the company's near-term intent to direct excess capital toward debt reduction and internal investments, which may influence future financial performance.