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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's (NYSE: SWK) outdoor power equipment brands Hustler®, Cub Cadet®, and DEWALT® are showcasing their products at Equip Expo 2024 in Louisville, Kentucky. The event, running from Oct. 15-18, features industry-leading innovations and best-in-class solutions for the professional landscape community.
Highlights include:
- Hustler's 60th anniversary celebration and new product lineup
- Cub Cadet's PRO X Series™ and PRO Z Series™ commercial mowers
- DEWALT's upcoming line of electric handheld products for commercial landscapers
The company also announced a partnership with Whisper Aero, Inc. to integrate WhisperDrive™ technology into their product portfolio, addressing the need for quiet yet powerful equipment.
CRAFTSMAN® has expanded its V20* BRUSHLESS RP™ power tool line, introducing new products designed for enhanced runtime and performance. The additions include a drill/driver, hammer drill, impact driver, screwdriver, 2-tool combo kit, and circular saw. These tools are engineered to provide more power and efficiency for various DIY projects.
Key features of the new products include:
- Drill/Driver Kit: Up to 60% more power and 34% faster drilling
- Hammer Drill: 34% faster drilling with up to 2,000 no-load RPM
- Impact Driver: Up to 55% faster driving and 24% more runtime
- Screwdriver: Drives up to 560 fasteners per charge
- Circular Saw: Delivers up to 4,500 no-load RPM for efficient cutting
Additionally, CRAFTSMAN CLUB® members can receive a free 4Ah battery with a $149+ purchase of qualifying CRAFTSMAN® products until October 31, 2024.
DEWALT, as part of its 100th anniversary celebration, honored 1,700 workers involved in the $19 billion transformation project of John F. Kennedy Airport in New York City. The event, which took place on Raymond DeWalt's birthday, included a thank you lunch for construction workers, product giveaways, and a NASCAR show car display. This initiative aligns with DEWALT's commitment to recognizing the contributions of trade professionals in building America's future.
The JFK Airport transformation project is a significant undertaking that will modernize and expand one of the world's busiest airports. DEWALT's gesture of appreciation highlights the importance of skilled workers in large-scale infrastructure projects and demonstrates the company's dedication to supporting the construction industry.
Mechanicsburg, Pennsylvania is celebrating Raymond DeWalt Day on October 9 to honor their hometown hero and the 100th anniversary of DEWALT, a Stanley Black & Decker brand. The event coincides with what would have been Raymond DeWalt's 139th birthday.
Raymond DeWalt revolutionized the construction industry with his innovative woodworking machine, an adjustable radial arm saw known as the 'DeWalt Wonder-Worker'. Mayor Jack Ritter, in partnership with DEWALT, has proclaimed October 9 as 'Raymond DeWalt Day'.
To honor DeWalt's legacy of supporting the trades, DEWALT is donating tools to Cumberland-Perry Area Vocational Technical School and Mechanicsburg High School. This celebration is part of a series of events commemorating the brand's centennial anniversary.
CRAFTSMAN®, a Stanley Black & Decker brand, offers tips and gear recommendations for tailgating season. With 20 to 50 million people tailgating annually, CRAFTSMAN provides cordless solutions and equipment for outdoor gatherings. Key products include:
1. V20* Speaker (CMCR001B) for high-quality sound
2. V20* High Pressure Inflator (CMCE521B) or 3-in-1 Inflator (CMXPTXA2001) for inflation tasks
3. V20* Misting Fan Kit (CMCE003C1) for cooling
4. V20* USB Power Source or Power Inverter (CMCB002B, CMCB1150B) for device charging
5. 2" X 27' Ratchet Straps (CMXAZBS10000F) for securing gear
CRAFTSMAN emphasizes proper planning and having the right equipment for successful tailgating experiences.
Hustler, a Stanley Black & Decker (NYSE: SWK) brand, is celebrating its 60th anniversary as a pioneer in the lawncare industry. The brand revolutionized the sector by introducing the world's first twin-lever zero-turn lawn mower in 1964. Inventor John Regier created this innovative mower, naming it after the U.S. Air Force B-58 Hustler fighter-bomber due to its speed, agility, and efficiency.
Excel Industries began production of the Hustler mower in 1964, and the brand has since expanded its product line with reliable equipment for landscape professionals. Now under Stanley Black & Decker, Hustler offers a full range of commercial and residential mowers, including the award-winning X-RIDE™.
To commemorate this milestone, Hustler will be present at this year's Equip Expo in Louisville, Kentucky from October 15-18. Attendees can visit Hustler's indoor and outdoor booths, and enter the Hustler Mentality trailer giveaway for a chance to win a utility trailer with two Hustler units.
DEWALT, a Stanley Black & Decker brand (NYSE: SWK), is celebrating its 100th anniversary by inviting 100 tradespeople and those who serve the trades to the New York Giants game on October 20, 2024, at MetLife Stadium. As the Presenting Sponsor, DEWALT will honor these professionals for their contributions in building our world. The event is part of DEWALT's Grow the Trades initiative and will feature an on-field check presentation to support vocational and upskilling programs in the trades.
Stanley Black & Decker CEO Don Allan and invited guests will join Giants captains for the opening coin toss. The New York Giants are also celebrating their 100th season in 2024, marking a milestone for both organizations. DEWALT has been delivering tools to meet the needs of professional tradespeople worldwide since 1924.
Stanley Black & Decker (NYSE: SWK) has announced the release date for its third quarter 2024 earnings. The company will broadcast its earnings webcast on Tuesday, October 29, 2024, at 8:00AM ET. A news release detailing the financial results will be distributed before the market opens on the same day.
Investors can access a slide presentation accompanying the call on the company's website, which will remain available after the event. The earnings call will be accessible through a live, listen-only webcast or teleconference. Links to access the webcast, register for the teleconference, and view the presentation will be available on the "Investors" section of Stanley Black & Decker's website. A replay of the call will be made available two hours after its conclusion.
DEWALT, a Stanley Black & Decker brand, announced it is awarding 166 organizations with nearly $4 million in Grow the Trades Grants. This is part of DEWALT's $30 million commitment by 2027 to close the skilled trades gap. The grants support organizations providing certifications and credentials to skill tradespeople, helping 150,000 people on their trades journey.
Key recipients include:
- The ACE Mentor Program of America
- mikeroweWORKS Foundation
- The International Training Institute
Additionally, DEWALT is encouraging high school seniors to apply for the 2025 DEWALT Trades Scholarship, which will begin accepting applications in October. The scholarship program, now in its sixth year, has awarded $850,000 in scholarships across the United States and Canada.
CRAFTSMAN®, a Stanley Black & Decker brand, announces the Ultimate Garage Giveaway running through November 1, 2024. Participants can win $10,000 worth of CRAFTSMAN products and a Toyota Tacoma TRD Off-Road truck. The winner will receive a garage consultation with HGTV star Cristy Lee. CRAFTSMAN has also launched a virtual garage configurator to help homeowners plan their dream garage.
The giveaway aims to address the issue of garage clutter, as a CRAFTSMAN survey revealed that 36% of Americans can't park vehicles in their garage due to clutter, while 75% believe their garage could be the most productive space in their house. The brand offers various storage solutions, including tool chests, cabinets, and the VERSATRACK™ wall storage system.
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