Stanley Black & Decker · Earnings release · 8-K Exhibit 99

STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, Millions of Dollars Except Per Share Amounts)

FOURTH QUARTER

YEAR-TO-DATE

NET SALES

$

$

$

$

COSTS AND EXPENSES

Cost of sales

Gross profit

% of Net Sales

%

%

%

%

Selling, general and administrative

% of Net Sales

%

%

%

%

Other - net

Loss on sale of business

—

—

—

Asset impairment charges

—

Restructuring charges

Income from operations

Interest - net

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

Income taxes on continuing operations

NET EARNINGS FROM CONTINUING OPERATIONS

$

$

$

$

Gain on Security sale before income taxes

—

—

—

Income taxes on discontinued operations

—

—

—

NET EARNINGS FROM DISCONTINUED OPERATIONS

$

—

$

—

$

—

$

NET EARNINGS

$

$

$

$

BASIC EARNINGS PER SHARE OF COMMON STOCK

Continuing operations

$

$

$

$

Discontinued operations

$

—

$

—

$

—

$

Total basic earnings per share of common stock

$

$

$

$

DILUTED EARNINGS PER SHARE OF COMMON STOCK

Continuing operations

$

$

$

$

Discontinued operations

$

—

$

—

$

—

$

Total diluted earnings per share of common stock

$

$

$

$

DIVIDENDS PER SHARE OF COMMON STOCK

$

$

$

$

WEIGHTED-AVERAGE SHARES OUTSTANDING (in thousands)

Basic

Diluted

9

STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, Millions of Dollars)

ASSETS

Cash and cash equivalents

$

$

Accounts and notes receivable, net

Inventories, net

Current assets held for sale

—

Other current assets

Total current assets

Property, plant and equipment, net

Goodwill and other intangibles, net

Long-term assets held for sale

—

Other assets

Total assets

$

$

LIABILITIES AND SHAREOWNERS’ EQUITY

Short-term borrowings

$

$

—

Current maturities of long-term debt

Accounts payable

Accrued expenses

Current liabilities held for sale

—

Total current liabilities

Long-term debt

Long-term liabilities held for sale

—

Other long-term liabilities

Shareowners’ equity

Total liabilities and shareowners' equity

$

$

STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES

SUMMARY OF CASH FLOW ACTIVITY

(Unaudited, Millions of Dollars)

FOURTH QUARTER

YEAR-TO-DATE

OPERATING ACTIVITIES

Net earnings

$

$

$

$

Depreciation

Amortization

Gain on sale of discontinued operations

—

—

—

Loss on sale of business

—

—

—

Asset impairment charges

—

Changes in working capital1

Other

Net cash provided by operating activities

INVESTING AND FINANCING ACTIVITIES

Capital and software expenditures

Proceeds from sales of businesses, net of cash sold

—

—

Payments on long-term debt

—

—

Net short-term commercial paper (repayments) borrowings

Cash dividends on common stock

Other

Net cash used in investing and financing activities

Effect of exchange rate changes on cash

Increase (decrease) in cash, cash equivalents and restricted cash

Cash, cash equivalents and restricted cash, beginning of period

Cash, cash equivalents and restricted cash, end of period

$

$

$

$

Free Cash Flow Computation2

Net cash provided by operating activities

$

$

$

$

Less: capital and software expenditures

Free cash flow (before dividends)

$

$

$

$

Reconciliation of Cash, Cash Equivalents and Restricted Cash

January 3,

Cash and cash equivalents

$

$

Restricted cash included in Other current assets

Cash, cash equivalents and restricted cash

$

$

1

Working capital is comprised of accounts receivable, inventory, accounts payable and deferred revenue.

2

Free cash flow is defined as cash flow from operations less capital and software expenditures. Management considers free cash flow an important measure of its liquidity, as well as its ability to fund future growth and to provide a return to the shareowners, and is useful information for investors. Free cash flow does not include deductions for mandatory debt service, other borrowing activity, discretionary dividends on the Company’s common stock and business acquisitions, among other items.

STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES

BUSINESS SEGMENT INFORMATION

(Unaudited, Millions of Dollars)

FOURTH QUARTER

YEAR-TO-DATE

NET SALES

Tools & Outdoor

$

$

$

$

Engineered Fastening1,2

Total

$

$

$

$

SEGMENT PROFIT 3

Tools & Outdoor

$

$

$

$

Engineered Fastening1,2

$

$

$

$

CORPORATE OVERHEAD 3

$

$

$

$

Segment Profit as a Percentage of Net Sales

Tools & Outdoor

%

%

%

%

Engineered Fastening1,2

%

%

%

%

1

In the first quarter of 2025, the Industrial segment was renamed “Engineered Fastening” as a result of a more focused portfolio following recent divestitures. The Engineered Fastening segment name change is to the name only and had no impact on the Company’s consolidated financial statements or segment results. The 2024 amounts shown above for the Engineered Fastening segment include the results of the Infrastructure business through the date of sale of April 1, 2024.

2

T1In December 2025, the Company announced a definitive agreement to sell its Consolidated Aerospace Manufacturing (“CAM”) business. Based on management’s commitment to sell this business, the assets and liabilities related to CAM were classified as held for sale on the Company’s Condensed Consolidated Balance Sheets as of January 3, 2026. For the year ended January 3, 2026, net sales and segment profit for Engineered Fastening included $413.9 million and $31.3 million, respectively, related to the CAM business.

3

Segment profit is defined as net sales minus cost of sales and SG&A (aside from corporate overhead expenses). The corporate overhead element of SG&A, which is not allocated to the business segments for purposes of determining segment profit, consists of the costs associated with the executive management team and expenses related to centralized functions that benefit the entire Company but are not directly attributable to the business segments, such as legal and corporate finance functions, as well as expenses for the world headquarters facility.

STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP EARNINGS FINANCIAL MEASURES TO CORRESPONDING

NON-GAAP FINANCIAL MEASURES

(Unaudited, Millions of Dollars Except Per Share Amounts)

GAAP

Non-GAAP Adjustments

Non-GAAP1

Gross profit

$

$

$

% of Net Sales

%

%

Selling, general and administrative

% of Net Sales

%

%

Earnings from continuing operations before income taxes

Income taxes on continuing operations2

Net earnings from continuing operations

Diluted earnings per share of common stock - Continuing operations

$

$

$

GAAP

Non-GAAP Adjustments

Non-GAAP1

Gross profit

$

$

$

% of Net Sales

%

%

Selling, general and administrative

% of Net Sales

%

%

Earnings from continuing operations before income taxes

Income taxes on continuing operations2

Net earnings from continuing operations

Diluted earnings per share of common stock - Continuing operations

$

$

$

1

The Non-GAAP 2025 and 2024 information, as reconciled to GAAP above, is considered relevant to aid analysis and understanding of the Company’s results and business trends aside from the material impact of certain gains and charges and ensures appropriate comparability to operating results of prior periods. See further detail on Non-GAAP adjustments on page 17.

2

Income taxes attributable to Non-GAAP adjustments are determined by calculating income taxes on pre-tax earnings, both inclusive and exclusive of Non-GAAP adjustments, taking into consideration the nature of the Non-GAAP adjustments and the applicable statutory income tax rates.

STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP EARNINGS FINANCIAL MEASURES TO CORRESPONDING

NON-GAAP FINANCIAL MEASURES

(Unaudited, Millions of Dollars Except Per Share Amounts)

GAAP

Non-GAAP Adjustments

Non-GAAP1

Gross profit

$

$

$

% of Net Sales

%

%

Selling, general and administrative

% of Net Sales

%

%

Earnings from continuing operations before income taxes

Income taxes on continuing operations2

Net earnings from continuing operations

Diluted earnings per share of common stock - Continuing operations

$

$

$

GAAP

Non-GAAP Adjustments

Non-GAAP1

Gross profit

$

$

$

% of Net Sales

%

%

Selling, general and administrative

% of Net Sales

%

%

Earnings from continuing operations before income taxes

Income taxes on continuing operations2

Net earnings from continuing operations

Diluted earnings per share of common stock - Continuing operations

$

$

$

1

The Non-GAAP 2025 and 2024 information, as reconciled to GAAP above, is considered relevant to aid analysis and understanding of the Company’s results and business trends aside from the material impact of certain gains and charges and ensures appropriate comparability to operating results of prior periods. See further detail on Non-GAAP adjustments on page 17.

2

Income taxes attributable to Non-GAAP adjustments are determined by calculating income taxes on pre-tax earnings, both inclusive and exclusive of Non-GAAP adjustments, taking into consideration the nature of the Non-GAAP adjustments and the applicable statutory income tax rates.

STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP SEGMENT PROFIT FINANCIAL MEASURES TO CORRESPONDING

NON-GAAP FINANCIAL MEASURES

(Unaudited, Millions of Dollars)

GAAP

Non-GAAP Adjustments1

Non-GAAP2

SEGMENT PROFIT

Tools & Outdoor

$

$

$

Engineered Fastening

$

$

$

CORPORATE OVERHEAD

$

$

$

Segment Profit as a Percentage of Net Sales

Tools & Outdoor

%

%

Engineered Fastening

%

%

GAAP

Non-GAAP Adjustments1

Non-GAAP2

SEGMENT PROFIT

Tools & Outdoor

$

$

$

Engineered Fastening

$

$

$

CORPORATE OVERHEAD

$

$

$

Segment Profit as a Percentage of Net Sales

Tools & Outdoor

%

%

Engineered Fastening

%

%

1

Non-GAAP adjustments for the Tools & Outdoor segment relate primarily to footprint actions and other costs associated with the supply chain transformation, as further discussed on page 17.

2

The Non-GAAP 2025 and 2024 business segment and corporate overhead information, as reconciled to GAAP above, is considered relevant to aid analysis and understanding of the Company’s results and business trends aside from the material impact of certain gains and charges and ensures appropriate comparability to operating results of prior periods.

STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP SEGMENT PROFIT FINANCIAL MEASURES TO CORRESPONDING

NON-GAAP FINANCIAL MEASURES

(Unaudited, Millions of Dollars)

GAAP

Non-GAAP Adjustments1

Non-GAAP2

SEGMENT PROFIT

Tools & Outdoor

$

$

$

Engineered Fastening

$

$

$

CORPORATE OVERHEAD

$

$

$

Segment Profit as a Percentage of Net Sales

Tools & Outdoor

%

%

Engineered Fastening

%

%

GAAP

Non-GAAP Adjustments1

Non-GAAP2

SEGMENT PROFIT

Tools & Outdoor

$

$

$

Engineered Fastening

$

$

$

CORPORATE OVERHEAD

$

$

$

Segment Profit as a Percentage of Net Sales

Tools & Outdoor

%

%

Engineered Fastening

%

%

1

Non-GAAP adjustments for the business segments relate primarily to separation benefit costs associated with a voluntary retirement program as well as footprint actions and other costs associated with the supply chain transformation, as further discussed on page 17. Non-GAAP adjustments for Corporate overhead primarily consist of voluntary retirement program costs and transition services costs related to previously divested businesses.

2

The Non-GAAP 2025 and 2024 business segment and corporate overhead information, as reconciled to GAAP above, is considered relevant to aid analysis and understanding of the Company’s results and business trends aside from the material impact of certain gains and charges and ensures appropriate comparability to operating results of prior periods.

STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP EARNINGS TO EBITDA

(Unaudited, Millions of Dollars)

FOURTH QUARTER

YEAR-TO-DATE

Net earnings from continuing operations

$

$

$

$

% of Net Sales

%

%

%

%

Interest - net

Income taxes on continuing operations

Depreciation

Amortization

EBITDA1

$

$

$

$

% of Net Sales

%

%

%

%

Non-GAAP adjustments before income taxes

Less: Accelerated depreciation included in Non-GAAP adjustments before income taxes

Adjusted EBITDA1

$

$

$

$

% of Net Sales

%

%

%

%

SUMMARY OF NON-GAAP ADJUSTMENTS BEFORE INCOME TAXES

(Unaudited, Millions of Dollars)

FOURTH QUARTER

YEAR-TO-DATE

Supply Chain Transformation Costs:

Footprint Rationalization2

$

$

$

$

Material Productivity & Operational Excellence

Voluntary retirement program3

—

—

Other charges

Gross profit

$

$

$

$

Supply Chain Transformation Costs:

Footprint Rationalization2

$

$

$

$

Complexity Reduction & Operational Excellence4

Transition services costs related to previously divested businesses

—

Voluntary retirement program3

—

Other charges (gains)

Selling, general and administrative

$

$

$

$

Income related to providing transition services to previously divested businesses

$

—

$

$

$

Voluntary retirement program3

—

—

—

Environmental charges5

Deal-related costs and other6

—

Other, net

$

$

$

$

Loss on sale of business

$

—

$

—

$

$

—

Asset impairment charges7

—

Restructuring charges

Non-GAAP adjustments before income taxes

$

$

$

$

1

EBITDA is earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA represents EBITDA excluding certain gains and charges, as summarized above. EBITDA and Adjusted EBITDA, both Non-GAAP measures, are considered relevant to aid analysis and understanding of the Company’s operating results and ensures appropriate comparability to prior periods.

2

Footprint Rationalization costs primarily relate to site transformation and re-configuration costs of $35.4 million and $45.2 million in 2025 and 2024, respectively, as well as accelerated depreciation of manufacturing and distribution center equipment of $48.9 million in 2024. Facility exit costs related to site closures are reported in Restructuring charges.

3

T2In June 2025, the Company implemented a voluntary retirement program (“VRP”) to right-size the Company’s corporate and support functions to align with a more focused portfolio following recent divestitures and more streamlined operations as part of the supply chain transformation. The costs associated with the VRP relate to separation benefits provided to eligible employees who voluntarily retired from the Company.

4

Complexity Reduction & Operational Excellence costs in 2025 primarily relate to third-party consulting fees to provide expertise in identifying business model changes and quantifying related cost savings opportunities within the Company’s Engineered Fastening business, developing a detailed program and related governance, and assisting the Company with the implementation of actions necessary to achieve the identified objectives.

5

The $143.2 million pre-tax environmental charges in 2024 related primarily to a reserve adjustment for the non-active Centredale Superfund site as a result of regulatory changes and revisions to remediation alternatives.

6

Deal-related costs and other in 2025 include an $8.1 million gain on sale of a distribution center as part of the supply chain transformation and a $14.3 million gain related to a favorable patent infringement settlement, partially offset by deal costs associated with the announced divestiture of the CAM business.

7

T3Asset impairment charges in 2025 include: (a) $108.4 million driven by updates to the Company’s brand prioritization strategy impacting the Lenox, Troy-Bilt, and Irwin trade names, (b) $43.9 million related to the write-down of certain minority investments pertaining to legacy corporate ventures, (c) $17.1 million related to the write-down of assets due to the exit of certain Outdoor product lines, and (d) $20.1 million related to a small business in the Tools & Outdoor segment. Asset impairment charges in 2024 include: (a) $41.0 million related to the Lenox trade name, (b) $25.5 million related to the Infrastructure business, and (c) $5.9 million related to a small business in the Engineered Fastening segment.

RECONCILIATION OF GAAP REVENUE GROWTH TO NON-GAAP ORGANIC GROWTH

(Unaudited)

GAAP

Revenue

Growth

Less:

Acquisitions

Plus:

Divestitures

Less:

Product Line Transfer

Less:

Currency

Non-GAAP

Organic

Growth1

Stanley Black & Decker

-1

%

-

%

-

%

-

%

2

%

-3

%

Tools & Outdoor

-2

%

-

%

-

%

-

%

2

%

-4

%

North America

-4

%

-

%

-

%

1

%

-

%

-5

%

Europe

5

%

-

%

-

%

1

%

7

%

-3

%

Rest of World

-2

%

-

%

-

%

-

%

2

%

-4

%

Engineered Fastening

6

%

-

%

-

%

-3

%

1

%

8

%

1

Non-GAAP Organic Growth, as reconciled to GAAP Revenue Growth above, is utilized to describe the change in the Company’s net sales excluding the impacts of foreign currency fluctuations, acquisitions during their initial 12 months of ownership, divestitures, and transfers of product lines between segments. Organic growth is also referred to as organic sales growth and organic revenue growth.