🔹 Revenue: $3.9B (Est. $4.0B) 🔴; DOWN -2% YoY
🔹 EPS: $0.67 (Est. $0.41) 🟢
🔹 Gross Margin: 27.0%; DOWN -140 bps YoY
🔹 Adj. Gross Margin: 27.5%; DOWN -170 bps YoY
🔹 Operating Cash Flow: $214M
🔹 Free Cash Flow: $135M
2025 Planning & Outlook
🔹 Base Case FY25 GAAP EPS: ~$3.45 (+/- $0.10)
🔹 Base Case FY25 Adj. EPS: ~$4.65
🔹 FY25 Free Cash Flow Target: ~$600M
🔹 Estimated FY25 Tariff Impact: -$0.65 EPS
🔹 Tariff Countermeasures Expected to Support H2 Gross Margin Accretion
🔹 Global Cost Reduction Program Target: $2B run-rate savings by FY25-end
🔹 Cumulative Savings as of Q2: ~$1.8B
Segment / Product Results
Tools & Outdoor
🔹 Revenue: $3.46B; DOWN -2% YoY
🔹 Adj. Segment Margin: 8.0%; DOWN -240 bps YoY
Engineered Fastening
🔹 Revenue: $484M; DOWN -2% YoY
🔹 Adj. Segment Margin: 10.8%; DOWN -270 bps YoY
CEO / CFO Commentary
🔸 “We delivered a solid second quarter amid the dynamic operating environment with continued growth of our professional DEWALT brand.” – Donald Allan, Jr., CEO
🔸 “We are prioritizing supply chain adjustments and tariff mitigation, while preserving innovation and brand activation.” – Patrick Hallinan, CFO
🔸 “Our top priorities remain: accelerating growth culture, generating cash, strengthening the balance sheet, and driving long-term margin expansion.” – Chris Nelson, COO & incoming CEO