By Nicholas G. Miller

Stanley Black & Decker reported lower third-quarter profit and cut its full-year outlook as tariffs and weak consumer spending on do-it-yourself projects weigh on the company's business.

The tool company posted net income of $51.4 million, or 34 cents a share, down from $91.1 million, or 60 cents a share, the year prior.

The company said it incurred non-cash asset impairment charges of $169 million in the third quarter due to long-term strategic planning reviews.

Adjusted earnings were $1.43 a share. Analysts had expected $1.19, according to FactSet.

Sales ticked up to $3.76 billion from $3.75 billion. Wall Street had expected $3.77 billion. The company said its tools and outdoor segment was hurt by tariffs as well as a soft consumer backdrop.

In July, the company said it would incur gross negative tariff impacts of about $800 million for the year.

A stagnant remodeling and repair market has also weighed on the company's sales. High interest rates and affordability concerns have discouraged both home sales and renovation activity, hurting spending for building products and tools.

The company lowered its full-year non-adjusted earnings outlook to $2.55 to $2.70 a share from its previous forecast of $3.35 to $3.55. It also cut its adjusted earnings guidance to $4.55 a share from its previous outlook of $4.65. Analysts see non-adjusted earnings of $3.65 a share and adjusted earnings of $4.61 a share.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

November 04, 2025 06:19 ET (11:19 GMT)

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