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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.
Stanley Black & Decker (NYSE: SWK) will host a virtual presentation at the Deutsche Bank Virtual Industrials Conference on November 16, 2021, at 1:30 PM ET, featuring President and CFO Don Allan. Investors can access the live webcast via the company's Investors section on their website. A replay will be available for 30 days. Headquartered in New Britain, Connecticut, Stanley Black & Decker is a leading global industrial company with a market value of $14.5 billion and operates under iconic brands like DEWALT and STANLEY.
Stanley Black & Decker (NYSE: SWK) will host a virtual presentation led by President and CFO Don Allan at the Baird 2021 Global Industrial Conference on November 10, 2021, at 3:45 PM ET. The presentation will be available live on their website, with a replay for 30 days. The company, an S&P 500 leader, operates globally with $14.5 billion in revenue and employs 56,000 people across more than 60 countries, being a powerhouse in tools, electronic security, and engineered solutions.
Stanley Black & Decker (NYSE: SWK) reported $4.3 billion in Q3 2021 revenues, marking an 11% increase year-over-year, driven by strong tools demand and organic growth of 10%. Operating margin decreased to 11.6%, and diluted GAAP EPS was $2.56, with guidance revised down for 2021 EPS to $10.20 - $10.45. Despite challenges from supply chain costs and inflation, the company announced innovative product launches, including the DEWALT POWERSTACK™ battery. Acquisitions are expected to enhance growth potential, with a focus on shareholder value and margin resilience.
Stanley Black & Decker (NYSE: SWK) has announced a regular fourth quarter cash dividend of $0.79 per common share, reinforcing its record as the leader in consecutive annual and quarterly dividend payments in the industrial sector. This dividend will be payable on December 21, 2021, to shareholders recorded by the close of business on December 1, 2021.
Stanley Black & Decker is a major global industrial player, boasting $14.5 billion in revenue and employing 56,000 individuals worldwide.
Stanley Black & Decker (SWK) and Eastman (EMN) have announced a partnership to enhance sustainability in the power tools sector. The BLACK+DECKER brand will launch the reviva line in early 2022, featuring power tools made with Eastman's Tritan Renew copolyester, which contains 50% certified recycled content. This initiative supports both companies' ESG strategies aimed at reducing greenhouse gas emissions and promoting circularity in materials. The reviva line will also focus on eco-friendly packaging and battery recycling programs.
DEWALT, a Stanley Black & Decker brand, announced the launch of the DEWALT POWERSTACK™ 20V MAX* Compact Battery, marking a significant advancement in cordless power tools. This battery features a revolutionary pouch cell design, delivering 50% more power, 25% more compact size, and 15% lighter weight compared to previous models. It also boasts twice the lifespan, enhancing investment value. The product rollout begins in December 2021 across North America and will extend globally through spring 2022.
Stanley Black & Decker (NYSE: SWK) has announced it will release its third quarter 2021 earnings on October 28, 2021, prior to market opening. The earnings conference call will begin at 8:00 AM ET that same day. Investors can participate through a live webcast on the company's website or by telephone. Stanley Black & Decker is a leading global diversified industrial company, generating approximately $14.5 billion in revenue, and employing over 56,000 individuals worldwide.
Stanley Black & Decker (NYSE: SWK) announced a renewed partnership with Techstars for the 2022 STANLEY+Techstars Accelerator, focusing on electrification. The program has supported startups globally, raising nearly $24 million. The 2022 Accelerator invites startups in electrification of tools, vehicles, and battery technology to apply until November 23, 2021. The in-person program will take place in Baltimore from February 14 to May 12, marking a shift from Hartford. This collaboration aims to foster diverse startup growth and drive innovation in the electrification sector.
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