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Stanley Black & Decker, Inc. (NYSE: SWK) is a global leader in tools and outdoor products, headquartered in the USA. Since its inception in 1843, the company has set the standard for excellence by delivering innovative, powerful tools that professionals rely on worldwide to build, repair, and protect valuable assets. The company's diverse portfolio includes iconic brands such as DEWALT, BLACK+DECKER, CRAFTSMAN, STANLEY, CUB CADET, and HUSTLER.
Stanley Black & Decker operates in two main segments: Tools & Outdoor and Industrial. The Tools & Outdoor segment, which generates the majority of the company's revenue, includes the Power Tools Group (PTG), Hand Tools, Accessories and Storage (HTAS), and Outdoor Power Equipment. The Industrial segment focuses on engineered fastening systems and other industrial solutions. Geographically, the company's revenue is primarily derived from the United States, with significant contributions from Canada, Europe, Asia, and other regions.
The company is committed to sustainability and global stewardship, aiming to advance these principles across its entire value chain through its operations and workforce. Stanley Black & Decker's recent achievements highlight its strategic business transformation, focusing on innovation, market activation, and cost efficiency. In the third quarter of 2023, the company reported improvements in adjusted gross margins and earnings per share, laying a solid foundation for future growth.
Stanley Black & Decker is also known for its proactive approach in response to market dynamics. The Global Cost Reduction Program, initiated to optimize the company's cost base, has generated substantial savings and improved inventory management, positioning the company for long-term growth and profitability. The program aims to achieve pre-tax run-rate cost savings of approximately $2 billion by the end of 2025.
In addition to its financial initiatives, Stanley Black & Decker emphasizes community support and educational advancement. The DEWALT brand, for instance, has launched the DEWALT Trades Scholarship, awarding scholarships to students pursuing careers in the trades, as part of a broader effort to close the skilled trades gap in the U.S.
With a rich history of innovation and a commitment to future growth, Stanley Black & Decker continues to be a driving force in the tools and outdoor industry, dedicated to supporting professionals and DIY enthusiasts alike.
DEWALT, part of Stanley Black & Decker (NYSE: SWK), is set to showcase new products at the World of Concrete Trade Show in Las Vegas from January 18-20, 2022. Highlighted products include the 60V MAX* Cordless SDS MAX Chipping Hammers, delivering 19.4 Joules of impact energy, and American-made Critical Connection Undercut Anchors. Additional launches include two 20V MAX* XR® drills. These innovations cater to concrete and masonry work, focusing on efficiency and compliance with safety standards.
Stanley Black & Decker (NYSE: SWK) announced it will hold its fourth quarter and full year 2021 earnings conference call on Tuesday, February 1, 2022, at 8:00 AM ET. A news release detailing the financial results will be issued before the market opens on the same day. Alongside the call, a slide presentation will be available on the company’s website. Stanley Black & Decker operates a $14.5 billion diversified industrial business with over 56,000 employees globally, recognized as a leader in tools, products, and engineered solutions.
Stanley Black & Decker (NYSE: SWK) has donated over 600 DEWALT and STANLEY tools to ToolBank USA, supporting communities in Kentucky, Illinois, and Tennessee affected by recent tornadoes. The tools will aid disaster relief and rebuilding efforts at no cost to organizations and volunteers. The company also supports the American Red Cross's disaster giving program and assists its impacted employees through the HOME Fund. This partnership exemplifies the company’s commitment to community support and rebuilding efforts following natural disasters.
Stanley Black & Decker (NYSE: SWK) has been recognized for the fourth consecutive year by the environmental non-profit CDP for its leadership in climate action and water security, achieving CDP Leadership Status for the eighth year. The company secured a double 'A' score, placing it among 40 firms out of nearly 12,000 evaluated. This recognition underscores the company's commitment to environmental, social, and governance (ESG) goals, including significant actions on climate risks. The full list of recognized companies is available on the CDP website.
Stanley Black & Decker (NYSE: SWK) has entered into a definitive agreement to sell most of its Security assets to Securitas AB for $3.2 billion in cash. The transaction encompasses its Commercial Electronic and Healthcare Security business lines, forecasted to generate $1.7 billion in revenues for 2021. Proceeds will partially fund an upcoming $4 billion share repurchase program planned for 2022. The sale is anticipated to close in the first half of 2022, pending regulatory approvals. The company's EPS guidance for 2021 remains at $9.70 to $10.05 on a GAAP basis.
DEWALT's POWERSTACK™ 20V MAX* Compact Battery has been honored with a Popular Science 2021 Best of What's New Award, recognizing innovative breakthroughs for the year. This battery utilizes flat pouch cells, making it DEWALT's lightest and most powerful compact battery, intended for various applications including cutting and drilling. It is compatible with all DEWALT 20V MAX* tools. The award is the second accolade received since its launch in October. DEWALT aims to revolutionize jobsite solutions with this technology.
Stanley Black & Decker (NYSE: SWK) has completed the acquisition of 80% of MTD Holdings and Excel Industries for $1.9 billion. This strategic move positions the company as a leader in the $25 billion outdoor power equipment market, with a combined revenue of approximately $4 billion. CEO James M. Loree emphasized the potential for earnings per share (EPS) accretion of $0.50 for 2022, despite some deal-related charges. The company is focused on growth and innovation in the outdoor equipment sector, welcoming 8,100 new associates from the acquired businesses.
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