July 29 (Reuters) - Power tools maker Stanley Black and Decker SWK.N reported a fall in second-quarter profit on Tuesday, hurt by low demand amid price increases due to changing U.S. trade policy, sending its shares down nearly 7% in premarket trading.
The Connecticut-based company also said it expects incremental tariff countermeasures in the second half of 2025.
"We expect to continue strategically adjusting our costs and inventory to protect earnings power and cash flow," CFO Patrick Hallinan said.
The company said the impact to 2025 per share profit was expected to be about $0.65, reflecting the timing and costs required to implement tariff mitigation countermeasures.
Its gross annualized tariff impact is currently estimated to be about $800 million, which carries an assumption for country tariffs that include July U.S. policy changes.
The company provides tools and industrial products to home improvement retailers, construction businesses and aerospace manufacturers.
On an adjusted basis, it earned a profit of $1.08 per share in the second quarter, compared to $1.09 per share a year ago.
It posted quarterly revenue of $3.95 billion in the reported quarter, compared to $4.02 billion a year ago.
Analysts on average expected Stanley Black & Decker to report a quarterly revenue of $4 billion, according to data compiled by LSEG.
(Reporting by Parth Chandna; Editing by Pooja Desai)
((Parth.Chandna@thomsonreuters.com;))
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