Stanley Black & Decker (SWK) Revenue — Quarter Ended Mar 30, 2024
Revenue increased compared to the prior quarter, but declined relative to the same period last year. The sequential improvement marks a reversal of the recent downward trend.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q1
Revenue increased compared to the prior quarter, but declined relative to the same period last year. The sequential improvement marks a reversal of the recent downward trend.
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
+3.6%
Change from the immediately preceding quarter.
Year-over-year
-1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.7B
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 1, 2023 | $4.2B | -5.3% |
| Sep 30, 2023 | $4B | -4.0% |
| Dec 30, 2023 | $3.7B | -6.3% |
| Mar 30, 2024 | $3.9B | -1.6% |
Revenue performance
The quarter's revenue moved higher sequentially, driven by a recovery from the prior period's low. However, the year-over-year comparison remained negative, indicating that demand has not yet returned to prior-year levels.
Quarterly comparison
Sequentially, revenue rose from the preceding quarter, while on an annual basis it was lower than the same quarter one year earlier. The year-ago figure was higher, reflecting the ongoing challenge of matching past performance.
What to watch
The company completed the sale of its Infrastructure business shortly after the quarter end, which will remove that revenue stream from future comparisons.