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Manufacturing
Stanley B&D Says Tariffs Had a 3-Point Gross Impact in 2Q as Sales Slid
Stanley Black & Decker reported a modest year-over-year sales decline in 2Q, impacted by a slow outdoor season and tariff-related shipment disruptions.
Tools and outdoor products maker Stanley Black & Decker reported its second-quarter 2025 financial results on July 29, reporting a modest year-over-year sales decline driven by a slower outdoor buying season and tariff-related shipment disruptions.
SBD posted total sales of $3.9 billion, down 2% year-over-year with volume down 4.0%, offset by price (+1.0%) and currency (+1.0%).
The company’s 2Q gross margin of 27.0% was down 140 basis points year-over-year, with adjusted margin of 27.5% likewise down 170 bps. SBD said gross margin and adjusted gross margin changes were primarily due to a 3-point gross impact from tariffs and lower volume, partially offset by supply chain transformation efficiencies and the initial benefits from the company’s second quarter price increase.
Adjusted EBITDA was 8.1% of sales versus 10.7% a year earlier.
MDM’s 2Q25 MarketPulse Report (store link)
By SBD business unit in 2Q:
- Tools & Outdoor sales of $3.4 billion were down 2.0% year-over-year. Organic revenue was down 3.0% year-over-year, largely due to a slow outdoor buying season and tariff-related shipment disruptions, partially offset by price and continued DEWALT professional growth. Adjusted segment margin of 6.9% was down 210 bps year-over-year.
- Engineered Fastening sales of $484 million were down 2.0% year-over-year, with organic revenue down 1.0% as strength in aerospace was more than offset by decline in industrial and automotive. Adjusted segment margin was 10.8% versus 13.5% year-over-year.
In the Store: MDM’s U.S. MRO Market Trends Report
“In the first half of 2025 we remained focused on meeting the needs of our end users, while responding decisively to external forces with operational and supply chain adjustments,” SBD Executive VP and CFO Patrick Hallinan said in the company’s financial release. “We are planning for a range of possible outcomes in 2025 and remaining nimble as we closely monitor the demand environment and judiciously pursue tariff mitigation actions to deliver progress on our long-term margin journey. We expect to continue strategically adjusting our costs and inventory to protect earnings power and cash flow, while preserving our innovation and brand activation-focused growth investments.”
