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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) 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.
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.
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