Stanley Engineered Fastening sales declined 2% to $484 million in the second quarter of 2025 as volume (-2%) and a product line transfer to Tools & Outdoor (-3%) was partially offset by price (+1%) and currency (+2%).

Organic revenues dropped 1% as strength in aerospace was more than offset by declines in industrial and automotive. The Engineered Fastening segment margin was 7.2% versus the prior year rate of 13.5%. Adjusted segment margin fell to 10.8% primarily due to lower volume in higher margin automotive.

Consolidated Stanley Black & Decker sales in Q2 dipped 2% to $3.9 billion, down 2% versus prior year as volume (-4%) was partially offset by price (+1%) and currency (+1%). Gross margin fell 140 basis points to 27%, while net earnings totaled 2.6% of sales.

In its earnings call, SB&D also indicated it is working to move much of its manufacturing operations out of China. “Back seven or eight years ago, 40 percent of what we sold in the U.S. came from China,” stated outgoing CEO Donald Allan, Jr. “Now we’re down to around 15 percent.”

He also said SB&D’s gross annualized tariff impact is currently estimated to be approximately $800 million.