Stanley Black & Decker (SWK) Revenue — Quarter Ended Jul 1, 2023
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement reversed the prior quarter's decline, while the year-over-year comparison remained negative.
Key takeaway
Quarter ended Jul 1, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement reversed the prior quarter's decline, while the year-over-year comparison remained negative.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+5.8%
Change from the immediately preceding quarter.
Year-over-year
-5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.2B
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 |
|---|---|---|
| Oct 1, 2022 | $4.1B | +9.0% |
| Dec 31, 2022 | $4B | +0.1% |
| Apr 1, 2023 | $3.9B | -11.6% |
| Jul 1, 2023 | $4.2B | -5.3% |
Revenue performance
The company reported higher revenue sequentially, driven by a recovery from the previous quarter's lower level. However, the year-over-year decrease indicates ongoing headwinds compared to the same period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose, reversing a downward trend. In contrast, revenue was lower than the same quarter a year ago, continuing a pattern of year-over-year contraction.
What to watch
Monitor whether the sequential revenue growth can be sustained in the coming quarters amid ongoing year-over-year declines.