Stanley Black & Decker (SWK) shares fell Wednesday as the power tool maker anticipates the 澳洲幸运5官方开奖结果体彩网:Trump administration's tariffs negatively affecting its profits this year as it alters its supply c⛎hain and raises prices.

"In light of the current environment, we are accelerating adjustments to our 澳洲幸运5官方开奖结果体彩网:supply chain and exploring all options as we seek to minimize the impact of tariffs on end users while balancing the need to protect our business and our ability to innovate for years to come," said CEO Donald Allan. "With that in mind, we implemented an initial price increase in April and notified our customers that further price action is required."

Tariffs Expected To Create 75-Cent EPS Hit

The maker of its namesake brands, along with DeWalt and 澳洲幸运5官方开奖结果体彩网:Craftsman tools, said it currently projects that tariffs and the adjustments it makes in response will negatively affect full-year 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) by 75 cents. ꦅThe company expects its second price increase to go into effect at the start of the third quarter this summe♒r.

"If the demand environment shifts, we expect to adjust our costs and inventory to protect earnings power and 澳洲幸运5官方开奖结果体彩网:cash flow, while preserving our growth investments," said CFO Patrick Hallinan.

The tool manufacturer topped f𒉰irst-quarter estimates Wednesday, with its $3.74 billion in sales and adjusted EPS of 75 cents each landing above the analyst consensus compiled by Visible Alpha.

Stanley Black & Decker shares were down 4% in recent trading at $58.76 and have lost more than a quarter 𒅌of their value since the start of the year.