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Stanley Black & Decker, Inc. - SWK STOCK NEWS

Welcome to our dedicated page for Stanley Black & Decker news (Ticker: SWK), a resource for investors and traders seeking the latest updates and insights on Stanley Black & Decker stock.

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.

News

Stanley Black & Decker Completes Sale of Attachment Tools Business to Epiroc AB

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Stanley Black & Decker completes the sale of STANLEY Infrastructure to Epiroc AB for $760 million, aiming to reduce debt and optimize shareholder value.
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Stanley Black & Decker Announces Release Date for First Quarter 2024 Earnings

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Stanley Black & Decker (SWK) announces its first quarter 2024 earnings webcast scheduled for May 2, 2024, at 8:00AM ET. The financial results will be released before the market opens, with a slide presentation available on their website.
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Slice to Meet You: Introducing the BLACK+DECKER® vera™ Pizza Oven

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BLACK+DECKER, a Stanley Black & Decker brand, introduces the BLACK+DECKER vera 12 in. Pizza Oven that can cook a pizza in as little as a minute. The oven heats to 950°F in 15 minutes, offering fuel versatility with wood pellets, wood, and charcoal. Featuring a rotating stone and glass window for monitoring, the oven aims to enhance outdoor entertaining with authentic pizza flavors.
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A Peek Behind the Garage Door: More than 1 in 4 Homeowners Surveyed Say Their Garage Helped Start a Side Hustle, According to Newly Released CRAFTSMAN® Survey

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A survey by Stanley Black & Decker's CRAFTSMAN brand reveals that homeowners view their garages as productive spaces, with 76% considering it the most productive room. 78% plan to declutter and organize their garages in 2024, and 50% intend to invest in garage organization solutions. The survey highlights various uses of garages, including as gyms, workspaces, and music practice areas.
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An Extra Set of Hands on the Job: IRWIN® Introduces QUICK-LIFT™ Construction Jack for Lifting, Leveling and More

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IRWIN introduces the QUICK-LIFT Construction Jack with a 330 lbs. lifting capacity, aiding trade professionals on the jobsite. Follow IRWIN social channels and #GetToKnowJack for more information.
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Stanley Black & Decker Announces 1st Quarter 2024 Dividend

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Stanley Black & Decker (SWK) declares a regular first quarter cash dividend of $0.81 per common share, maintaining its impressive streak of consecutive annual and quarterly dividend payments. The dividend will be paid on March 19, 2024, to shareholders of record as of March 8, 2024.
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The NASCAR CRAFTSMAN® Truck Series™ Revs Up for the 2024 Season

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Stanley Black & Decker's CRAFTSMAN® brand gears up for the 2024 NASCAR CRAFTSMAN® Truck Series season at Daytona International Speedway. Fans can enjoy deals on featured tools, interactive exhibits, and meet the drivers. The Deal of the Race™ offers discounts on tools during live events and via social media. An interactive exhibit at Daytona Speedway allows fans to engage with products and drivers. The schedule includes driver visits and the first race on Feb. 16.
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Stanley Black & Decker Announces Upcoming Conferences

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Stanley Black & Decker (SWK) announces participation in upcoming investor conferences, offering webcasts for public access.
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CRAFTSMAN® Introduces New Garden Tractor With Power and Performance to Tackle Larger Lawns

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Stanley Black & Decker's CRAFTSMAN brand introduces the T4400 54-in. Gas Garden Tractor, designed for large lawns up to 3 acres. The tractor features a powerful Kawasaki V-Twin FR Engine, Tuff Torq transmission, and a 54-in. fabricated deck for durability. Available in retail stores and online, the T4400 offers precision cutting with a TURN TIGHT 5 in. turning radius.
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Stanley Black & Decker Reports 4Q & Full Year 2023 Results

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Stanley Black & Decker announced fourth quarter and full year 2023 financial results, showing full year revenues of $15.8 billion and fourth quarter revenues of $3.7 billion. The company reported a full year cash from operating activities of $1.2 billion and free cash flow of $853 million, with inventory reduced by $1.9 billion since mid-2022. The fourth quarter gross margin expanded sequentially, driven by accelerated supply chain actions to counter reduced volumes and lower shipping costs. The company also announced an agreement in December to divest STANLEY Infrastructure for $760 million in cash. Despite the challenging market backdrop, the company's disciplined efforts drove adjusted gross margin improvements in each quarter and strong free cash flow consistent with their plan. The company is expecting to deliver higher levels of organic revenue growth, profitability, and cash flow to drive strong long-term shareholder returns.
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FAQ

What is the current stock price of Stanley Black & Decker (SWK)?

The current stock price of Stanley Black & Decker (SWK) is $85.45 as of November 15, 2024.

What is the market cap of Stanley Black & Decker (SWK)?

The market cap of Stanley Black & Decker (SWK) is approximately 13.3B.

What does Stanley Black & Decker do?

Stanley Black & Decker is a global leader in tools and outdoor products, manufacturing power tools, hand tools, storage solutions, and engineered fasteners. Its iconic brands include DEWALT, BLACK+DECKER, CRAFTSMAN, STANLEY, CUB CADET, and HUSTLER.

What are the main segments of Stanley Black & Decker?

The company operates in two main segments: Tools & Outdoor and Industrial. The Tools & Outdoor segment includes the Power Tools Group, Hand Tools, Accessories and Storage, and Outdoor Power Equipment. The Industrial segment focuses on engineered fastening systems.

Where does Stanley Black & Decker generate most of its revenue?

The majority of Stanley Black & Decker's revenue is generated from the United States, with significant contributions from Canada, Europe, Asia, and other regions.

What is the Global Cost Reduction Program?

The Global Cost Reduction Program is an initiative by Stanley Black & Decker aimed at optimizing the company's cost base and generating substantial savings. The program targets approximately $2 billion in pre-tax run-rate cost savings by the end of 2025.

How is Stanley Black & Decker committed to sustainability?

Stanley Black & Decker is committed to sustainability and global stewardship by advancing these principles across its entire value chain through its operations and workforce.

What recent achievements has Stanley Black & Decker made?

In the third quarter of 2023, Stanley Black & Decker reported improvements in adjusted gross margins and earnings per share. The company is also making significant progress with its Global Cost Reduction Program.

What is the DEWALT Trades Scholarship?

The DEWALT Trades Scholarship is an initiative by the DEWALT brand to support students pursuing careers in the trades. This scholarship is part of a broader effort to close the skilled trades gap in the U.S.

What are some of the iconic brands under Stanley Black & Decker?

Some iconic brands under Stanley Black & Decker include DEWALT, BLACK+DECKER, CRAFTSMAN, STANLEY, CUB CADET, and HUSTLER.

How does Stanley Black & Decker support innovation?

Stanley Black & Decker supports innovation by investing in new product development and strategic market activation, ensuring the delivery of high-quality, award-winning power tools and other industrial solutions.

What is the company's vision for the future?

Stanley Black & Decker's vision for the future includes being a sustainable company that advances global stewardship, supports its communities, and continues to innovate in the tools and outdoor industry.

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Stanley Black & Decker, Inc.

NYSE:SWK

SWK Rankings

#714 Ranked by Market Cap
#798 Ranked by Dividends

SWK Stock Data

13.28B
154.16M
0.26%
90.73%
3%
Tools & Accessories
Cutlery, Handtools & General Hardware
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United States of America
NEW BRITAIN