๐น Revenue: $3.9B (Est. $4.0B) ๐ด; DOWN -2% YoY
๐น EPS: $0.67 (Est. $0.41) ๐ข
๐น Gross Margin: 27.0%; DOWN -140 bps YoY
๐น Adj. Gross Margin: 27.5%; DOWN -170 bps YoY
๐น Operating Cash Flow: $214M
๐น Free Cash Flow: $135M
2025 Planning & Outlook
๐น Base Case FY25 GAAP EPS: ~$3.45 (+/- $0.10)
๐น Base Case FY25 Adj. EPS: ~$4.65
๐น FY25 Free Cash Flow Target: ~$600M
๐น Estimated FY25 Tariff Impact: -$0.65 EPS
๐น Tariff Countermeasures Expected to Support H2 Gross Margin Accretion
๐น Global Cost Reduction Program Target: $2B run-rate savings by FY25-end
๐น Cumulative Savings as of Q2: ~$1.8B
Segment / Product Results
Tools & Outdoor
๐น Revenue: $3.46B; DOWN -2% YoY
๐น Adj. Segment Margin: 8.0%; DOWN -240 bps YoY
Engineered Fastening
๐น Revenue: $484M; DOWN -2% YoY
๐น Adj. Segment Margin: 10.8%; DOWN -270 bps YoY
CEO / CFO Commentary
๐ธ โWe delivered a solid second quarter amid the dynamic operating environment with continued growth of our professional DEWALT brand.โ โ Donald Allan, Jr., CEO
๐ธ โWe are prioritizing supply chain adjustments and tariff mitigation, while preserving innovation and brand activation.โ โ Patrick Hallinan, CFO
๐ธ โOur top priorities remain: accelerating growth culture, generating cash, strengthening the balance sheet, and driving long-term margin expansion.โ โ Chris Nelson, COO & incoming CEO