Latest news with #StanleyBlack&Decker
CNBC
5 hours ago
- Automotive
- CNBC
Companies from Stanley Black & Decker to Conagra are saying tariffs will cost them hundreds of millions
Companies behind some of America's best-known brands are warning that tariffs will raise costs by hundreds of millions of dollars as Friday's key deadline nears. Firms are gearing up for the long-awaited Friday deadline, when the White House says it will start imposing higher import taxes on foreign countries. Now businesses in a range of industries are saying this shakeup in global trading practices will cost them. Tool maker Stanley Black & Decker said Tuesday it expects an $800 annualized hit from policy changes tied to tariffs. That doesn't include costs in connection with steps the company is taking to mitigate the effects of the levies, according to finance chief Patrick Hallinan. For Marie Callender's and Slim Jim parent Conagra Brands, higher tariffs are expected to raise its costs of goods sold by 3%, equivalent to an annual increase of more than $200 million, CEO Sean Connolly said earlier this month. Most of the Chicago-based company's production is in the U.S., but management says it still has to contend with steel and aluminum tariffs that will raise the cost of packaging. Tesla, led by President Trump's erstwhile ally Elon Musk, said that costs tied to tariffs have increased by about $300 million. Roughly two-thirds of that is tied to the electric vehicle maker's auto business, while the rest is from the energy arm. "While we are doing our best to manage these impacts, we are in an unpredictable environment on the tariff front," finance chief Vaibhav Taneja told analysts and investors on Tesla's earnings call last week. Those pressures extend throughout the auto industry. General Motors said earnings before interest and taxes in the latest quarter suffered a $1.1 billion hit that the Detroit-based automaker chalked up to the net effect of tariffs. Air conditioner maker Carrier Global said Tuesday that it now expects to spend about $200 million to offset the impact of tariffs. The same day, appliance maker Whirlpool said North American sales and earnings were hurt in the second quarter as Asian competitors rushed to export goods to the U.S. in advance of higher tariffs. U.S. consumers haven't yet experienced meaningful bumps to inflation as a result of higher tariffs. That can be attributed to domestic companies currently absorbing cost hikes, but some economists warn that business may soon start passing the increases on to shoppers after this week's deadline passes. As a result, the "core" version of the consumer price index, which excludes volatile food and energy prices, should rise at an annual rate of 3.2% in the third quarter, up from 2.1% in the second quarter, according to Nancy Lazar, Piper Sandler's chief global economist. Foreign exporters have been covering "very little" of the tariffs and have been "getting off easy," Lazar said in a recent note to clients. Still, not every American company is taking a hands-off approach and swallowing the higher costs. Paul De Cock, operations chief at carpet manufacturer Mohawk Industries, said last week that it is implementing 8% price increases. There may be need for further price hikes in the sector if tariffs further raise costs, he said. "We continue to work with customers and suppliers to manage the impact of tariff costs as the situation evolves," De Cock said on the Georgia-based company's earnings call. Mohawk is encouraging consumers to look at domestically produced alternatives, he said. The company is also expanding capacity for quartz countertops made in Tennessee, which will increase the supply of goods not subject to tariffs, de Cock added. For its part, the White House is aiming to soothe companies' concerns about the looming deadline for tariffs, which were a core tenet of Trump's campaign last year. Treasury Secretary Scott Bessent, for example, told CNBC on Tuesday that countries facing high tariff rates can lower them by negotiating a deal with the U.S. "I would think that it's not the end of the world if these snapback tariffs are on for anywhere from a few days to a few weeks, as long as the countries are moving forward and trying to negotiate in good faith," he said.
Yahoo
12 hours ago
- Business
- Yahoo
Lincoln Electric Earnings: What To Look For From LECO
Welding equipment manufacturer Lincoln Electric (NASDAQ:LECO) will be reporting earnings this Thursday morning. Here's what investors should know. Lincoln Electric beat analysts' revenue expectations by 2.9% last quarter, reporting revenues of $1.00 billion, up 2.4% year on year. It was a mixed quarter for the company, with a narrow beat of analysts' organic revenue estimates but a miss of analysts' EPS estimates. Is Lincoln Electric a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Lincoln Electric's revenue to grow 1.3% year on year to $1.04 billion, a reversal from the 3.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.31 per share. Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 3 upward revisions over the last 30 days (we track 8 analysts). Lincoln Electric has missed Wall Street's revenue estimates three times over the last two years. Looking at Lincoln Electric's peers in the industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Snap-on posted flat year-on-year revenue, beating analysts' expectations by 2.1%, and Stanley Black & Decker reported a revenue decline of 2%, falling short of estimates by 1.7%. Snap-on traded up 7.4% following the results. Read our full analysis of Snap-on's results here and Stanley Black & Decker's results here. There has been positive sentiment among investors in the industrial machinery segment, with share prices up 5.5% on average over the last month. Lincoln Electric is up 8.1% during the same time and is heading into earnings with an average analyst price target of $226.56 (compared to the current share price of $224.08). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
16 hours ago
- Business
- CNBC
Jim Cramer says earnings misses at these 3 companies show Trump tariffs are hitting consumers
As key companies' earnings fell short on Tuesday, CNBC's Jim Cramer said investors have begun to realize that President Donald Trump's tariffs are having an impact on consumers. "Long story short: today was a wake-up call," he said. "The tariffs, even reduced tariffs, are starting to roil things. The consumer's not spending as much as I thought. There is an acknowledged slowdown there." The indexes headed lower during Tuesday's session, with the S&P 500 closing down 0.30%, the Nasdaq Composite slipping 0.38% and the Dow Jones Industrial Average losing 0.46%. According to Cramer, three household names — UPS, Whirlpool and Stanley Black & Decker — reported "jarring quarters" that demonstrate problems caused by trade turmoil. Largely seen as a bellwether for the health of the global economy, UPS reported a revenue decline and warned of ongoing macroeconomic uncertainty. "Our sector, specifically the U.S. small package market, was unfavorably impacted by U.S. consumer sentiment that was at historic lows," management said on the conference call. The company also said manufacturing activity in the country remains soft. Consumer appliance maker Whirlpool missed estimates and gave below-consensus guidance for full-year earnings — even as management said the company still expects the new duties to eventually help domestic manufacturers like itself. Stanley Black & Decker reported tariff-related supply chain problems and a slower outdoor buying season. The company also said it would take an $800 million hit this year due to tariffs. To Cramer, these three companies' results signal that parts of the economy might be softer than many think, and he suggested the Federal Reserve might need to cut rates. He also said it's hard to dismiss their results as "one-off" after PayPal posted slower transaction growth — and management reported softer retail spending in the U.S. that was most apparent in areas likely impacted by tariffs. "These companies are experiencing the true worries we had about the tariffs while they were being slapped on earlier this year," he said. "It's entirely possible that the negative effects are one-time only and will go away as we get more trade deals, but right now we're in the thick of it and, you know what, it just doesn't feel good." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Business Wire
17-07-2025
- Business
- Business Wire
VTEX Leads the 2025 B2B Paradigm Combine: Sets the Highest Gold Standard in Enterprise and Secures Full Category Honors
NEW YORK--(BUSINESS WIRE)-- VTEX (NYSE: VTEX), the backbone for connected commerce, earned medals in all 24 categories across Enterprise and Midmarket editions of the Paradigm's 2025 Combine Reports. However, earning medals across every category is only part of the story. VTEX set a new gold standard in B2B commerce by securing 16 Gold medals, the highest total in this year's Paradigm B2B Combine, reflecting excellence across critical enterprise criteria including a rare Gold for Total Cost of Ownership in both the Enterprise and Midmarket reports. Earning medals across every category is only part of the story. VTEX set a new gold standard in B2B commerce. While Others Rushed to Shout, VTEX is Always First to Deliver Value While others rushed to echo general claims and broad takeaways, VTEX is leading with clarity on its measurable performance. In the 2025 Paradigm B2B Combine Reports, created by leading B2B commerce analyst Andy Hoar, VTEX increased its Gold medal count by 33% year-over-year, signaling standout marks across B2B decision-maker priorities, including operational control, speed to value, and enterprise-ready execution at scale. Enterprise Edition: Gold in 8 of 12 categories (highest platform achievement). Ability to Execute • Customer Service & Support • Total Cost of Ownership (TCO) • Vision & Strategy • Integrations • Operations & Infrastructure • Promotions Management • Marketplaces • Transaction Management. Customers spoke highly of VTEX's integrated ecommerce/OMS/Marketplace solution and low Total Cost of Ownership (TCO). Silver: Sales & Channel Enablement. Bronze: Content & Data Management, Site Search, Partner Ecosystem. Midmarket Edition: Gold in 8 of 12 categories (matches Enterprise performance). Outperformed two ' best-of-breed ' platforms in marketplace capabilities. Silver: Sales & Channel Enablement. Bronze: Content, Site Search, Partner Ecosystem. The VTEX Gold Standard: Powering Enterprise B2B Leadership Stanley Black & Decker: VTEX's composable B2B platform and native OMS gave Stanley Black & Decker the tools to power bulk ordering, real-time pricing, and guided selling across its field sales operations. With a custom headless app built on VTEX, the company streamlined workflows and reduced manual errors, transforming productivity. bisco industries: 55% of B2B enterprises sell on marketplaces. Using VTEX's built-in B2B-ready marketplace engine, bisco industries launched a 4 million -SKU marketplace with 60,000 attributes, doubling catalog conversion and cutting development costs, solving a key need. United States Electrical Services, Inc. (USESI): Unifying manual systems and retiring legacy technology, USESI successfully addressed one of the main pain points shared by 81% of B2B buyers' experience struggling with outdated systems Whirlpool: Whirlpool's VTEX deployment delivered rapid onboarding and strong SLA adherence allowing the company to launch multiple brands and storefronts in record time, halving support tickets after migration, and meeting the high platform reliability expectations of 84% of B2B buyers. Dani Jurado, VTEX EVP for North America, said: 'Technology is no longer the barrier holding B2B companies back. At VTEX, we know success means more than just migrating off outdated or outgrown systems without disruption. It's about enabling scalable B2B models designed to meet modern buyer expectations, deliver self-service efficiency, and support adaptable infrastructure that scales alongside your business. Backed by platform reliability and AI embedded where it truly drives value, our B2B enterprise customers count on us as strategic partners, empowering their teams to seize new opportunities with confidence.' The gold rush of B2B enterprise recognitions reflects the results VTEX delivers daily for B2B leaders. Global manufacturers, distributors, and other enterprise B2B organizations rely on VTEX to manage growing complexity at scale. That is why VTEX is the only vendor recognized as a Customers' Choice in Gartner's Voice of the Customer Digital Commerce Report for two consecutive years. VTEX sets a new standard for modern commerce by delivering secure speed, clarity, and execution without compromise or user complexity. For B2B companies navigating rising expectations, now is the moment to act. VTEX is the partner powering the next era of B2B enterprise commerce. For more information and to read a free copy of the Paradigm B2B Combine report, click here. ABOUT US: VTEX (NYSE: VTEX) VTEX is the backbone for connected commerce for enterprises that move fast, adapt faster, and demand results. Built for both B2C and B2B brands, VTEX powers agentic commerce workflows by unifying a complete ecosystem of solutions: Sales App, Pick & Pack, Data Pipeline, Retail Media, and Security Shield work together to remove friction, connect teams, and accelerate growth. This isn't just software. It's a pragmatic composability, enterprise-grade platform that's trusted by over 2,400 brands including Carrefour, Colgate, Sony, Stanley Black & Decker, and Whirlpool. VTEX supports more than 3,400 active storefronts across 43 countries.(FY ended December 31, 2024). For more information,
Yahoo
10-07-2025
- Business
- Yahoo
Stanley Black & Decker's Quarterly Earnings Preview: What You Need to Know
With a market cap of $10.7 billion, Stanley Black & Decker, Inc. (SWK) is a global manufacturer of tools, outdoor equipment, and industrial solutions. Known for iconic brands like DeWalt, Black+Decker, Craftsman, and Stanley, New Britain, Connecticut-headquartered company operates in over 60 countries and serves both consumer and industrial markets. SWK is all geared to post its fiscal 2025 Q2 earnings on Tuesday, July 29, before the market opens. Ahead of the event, analysts expect SWK to report a profit of $0.40 per share, down 63.3% from $1.09 per share reported in the year-ago quarter. However, it has exceeded analysts' earnings estimates in all of the past four quarters, which is impressive. 2 ETFs Offering Juicy Dividend Yields of 20% or Higher Nvidia Scores Another Sovereign AI Win. How Should You Play NVDA Stock Here? Dear Amazon Stock Fans, Mark Your Calendars for July 8 Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the current year, analysts expect SWK to report EPS of $4.56, up 4.6% from $4.36 in fiscal 2024. Looking ahead, analysts expect its earnings to surge 23.5% year-over-year to $5.63 per share in fiscal 2026. Over the past year, SWK shares have plunged 11.8%, significantly underperforming the S&P 500 Index's ($SPX) 11.7% gains and the Industrial Select Sector SPDR Fund's (XLI) 22.7% surge over the same time frame. On Jul. 8, shares of Stanley Black & Decker jumped 3.4% after Wolfe Research upgraded the stock from 'Underperform' to 'Peer-Perform.' While the upgrade wasn't accompanied by a price target, analyst Nigel Coe noted that demand for Stanley's products appears to be at or near a trough, suggesting a potential rebound, especially if the Federal Reserve cuts interest rates. Moreover, analysts remain moderately bullish about SWK stock's future prospects, with a "Moderate Buy" rating overall. Among the 16 analysts covering the stock, seven recommend a 'Strong Buy,' seven suggest a 'Hold,' and two suggest a 'Strong Sell.' SWK's mean price of $82.77 implies a premium of 15.5% from its prevailing price level. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
