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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, 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.
DEWALT, a Stanley Black & Decker (NYSE: SWK) brand, has unveiled a range of new hand tools and accessories designed to enhance productivity for trade professionals. Key innovations include:
1. The 20V MAX* GRABO Lifter with a lift-load capacity of up to 265 lbs. horizontally and 132 lbs. vertically.
2. Expansion of the IMPACT CONNECT™ System with new attachments for pipe cutting, nut running, and PEX crimping/pinching.
3. New TOUGHSERIES™ mechanics tool sets and wrench sets featuring powerjaw technology and 144-tooth count quick release ratchets.
4. Introduction of new utility knives and laser measurement tools.
These products are designed to optimize workflow and productivity across various trades, including mechanical, electrical, plumbing, and automotive.
DEWALT and WorldSkills International conducted a global survey of young trade professionals competing at WorldSkills Competition 2024. Key findings include:
- 44% say social media inspired their career choice
- 75% plan to use social media to promote skilled careers
- 42% cite social stigma as a barrier to entering trades
- 35% mention lack of parental support as an obstacle
To inspire the next generation, DEWALT encourages tradespeople to promote their trade on social media using #TradeProud. The survey highlights the need for innovative approaches to present skilled career options and challenge outdated perceptions. DEWALT's Grow the Trades program commits $30 million over five years to address the skilled trades gap in the US, Mexico, and Europe.
White Cap and DEWALT have announced their second annual partnership to support St. Jude Children's Research Hospital. The collaboration includes a special dedication on the #20 DEWALT car at the Bristol Motor Speedway on September 21, 2024, honoring a $175,000 donation from DEWALT to St. Jude. Additionally, DEWALT will donate another $25,000 through the purchase of select products at participating White Cap branches.
The partnership aims to raise awareness for childhood cancer research during Childhood Cancer Awareness Month. The #20 racecar, driven by Christopher Bell, will feature artwork by St. Jude patients. The total donation has doubled since last year, supporting St. Jude's mission to improve childhood cancer survival rates globally.
DEWALT, a Stanley Black & Decker (NYSE: SWK) brand, has unveiled the TOUGHSYSTEM® 2.0 DXL™, the industry's first 30 in. modular storage system with a functional workstation. This new lineup includes four 30 in. products: a Worktop, Deep Drawer Unit, 2-Drawer Unit, and Dolly. These products are designed for optimal productivity, easy transport, and durability in tough jobsite conditions.
Key features include:
- Compatibility with existing TOUGHSYSTEM® 2.0 products
- Fit under most truck covers
- Customizable configurations
- Waist-high workstation
- Truck-ready modules
- Tool security features
The products will be available in October through DEWALT's sales channels. This launch aligns with DEWALT's 100th anniversary and commitment to providing total jobsite solutions.
Stanley Black & Decker (NYSE: SWK) has announced its participation in the Morgan Stanley 12th Annual Laguna Conference. The event will take place on September 12, 2024, in Dana Point, CA. Pat Hallinan, Executive Vice President and CFO, will present at 11:40 AM PDT (2:40 PM ET).
Investors and the public are invited to listen to a live webcast of the presentation, which will be available in the "Investors" section of the company's website. A replay of the webcast will be accessible for 30 days following the event. This presentation offers an opportunity for stakeholders to gain insights into Stanley Black & Decker's current strategies and future outlook.
CRAFTSMAN, a Stanley Black & Decker brand, has shared camping tips and product recommendations as more Americans embrace outdoor activities. According to KOA's 2024 report, camping households have increased by 23% over the past decade. CRAFTSMAN's camping essentials include cordless tools, storage solutions, and equipment to enhance the campsite experience.
The brand offers four main tips for campers:
- Plan ahead with research and proper gear
- Camp with confidence by prioritizing safety
- Keep organized with durable storage solutions
- Make the experience fun with the right equipment
CRAFTSMAN's product recommendations include LED flashlights, pocket knives, power sources, storage totes, and a smokeless fire pit. These tools aim to improve safety, organization, and enjoyment during outdoor adventures.
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