Stanley Black & Decker has announced fourth quarter and full year 2024 financial results. In an overview released today, the company reported Dewalt posted its 7th consecutive quarter of organic growth, and that 4th quarter gross margin was up versus prior year, as its global cost reduction program continues to drive margin expansion.  

The company further reported the following: 

1. 2024 Revenues of $15.4 Billion, Down 3% Versus Prior Year; 
2. Fourth Quarter Revenues of $3.7 Billion, Flat Versus Prior Year With 3% Organic Growth* Offset by Infrastructure Divestiture and Currency;
3. Fourth Quarter Gross Margin was 30.8%, Up 120 Basis Points Versus Prior Year; Fourth Quarter Adjusted Gross Margin* Was 31.2%, Up 140 Basis Points Versus Prior Year. Full Year Gross Margin Was 29.4%; Full Year Adjusted Gross Margin* Was 30.0%; 
4. Fourth Quarter Cash From Operating Activities Was $679 Million and Free Cash Flow* Was $565 Million. Full Year Cash From Operating Activities Was $1,107 Million and Free Cash Flow* Was $753 Million Which Supported $1.1 Billion in Total 2024 Debt Reduction.

Donald Allan, Jr., Stanley Black & Decker's President & CEO, commented, "Stanley Black & Decker delivered across its key focus areas in 2024 with continued gross margin expansion, strong free cash flow generation, strengthening our balance sheet as well as making new investments aimed at driving market share growth. Against a mixed macroeconomic backdrop, we are encouraged by the growth and share gain momentum in Dewalt and within portions of engineered fastening.

Allan also said, “Turning to 2025, we are taking actions intended to deliver share gain and to improve the cost structure behind our ongoing strategic initiatives and are preparing countermeasures designed to mitigate the impact from recently announced tariffs as their full effect becomes known.