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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

DEWALT® Celebrates 100 Years of Innovation

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DEWALT, a Stanley Black & Decker brand, celebrates its 100th anniversary with a $30 million pledge to support trades professionals and a commitment to innovation, safety, and productivity. The company will ring The Opening Bell at the New York Stock Exchange and has planned various activities to commemorate the milestone. DEWALT's history, innovation, and commitment to the trades sector are highlighted, along with its future plans for product launches and social media campaigns.
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DEWALT® Electrifies Vegas Skyline with Sphere Takeover; Honors Concrete Heroes with Mayoral Proclamation

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DEWALT, a Stanley Black & Decker brand, celebrated its centennial anniversary with an electrifying activation in Las Vegas and the launch of the DEWALT POWERSHIFT™ System, a groundbreaking equipment system designed for concrete jobsites. The system, made up of six concrete tools, aims to optimize workflow, power, runtime, and comfort for professionals, while transitioning away from gas-powered equipment. Las Vegas Mayor Carolyn G. Goodman proclaimed January 23 as 'Concrete Heroes Day' to honor the city's construction professionals. The system will be available through commercial and industrial channels in the fall of 2024.
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DEWALT Survey Finds Majority of Las Vegas Construction Workers Are Confident Their Jobsites Can Transition to Electric-Powered Tools

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DEWALT, a Stanley Black & Decker brand, is launching its newest innovation, DEWALT POWERSHIFT™, a groundbreaking equipment system to optimize the workflow of concrete jobsites through electrification. The product line will be featured at the 2024 World of Concrete in Las Vegas. According to the Power Pulse Survey, the majority of construction professionals in Las Vegas are confident in the transition to fully electric-powered tools, with 83% reporting that it has allowed them to complete projects up to two to three times faster compared to gas-powered tools.
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DEWALT® Unveils Groundbreaking Equipment System: DEWALT POWERSHIFT™, an Electrified Line of Heavy-Duty Tools to Optimize Workflow of Concrete Jobsites

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DEWALT, a Stanley Black & Decker brand, is launching the DEWALT POWERSHIFT™ line, a groundbreaking equipment system to optimize concrete jobsites through electrification. The system is designed to meet the critical needs of concrete professionals and is backed by DEWALT's portfolio of complimentary tools, accessories, and technology. The line will launch at the World of Concrete Trade Show in Las Vegas and includes six concrete tools, as well as a high power density battery and charger. DEWALT also conducted a survey, 'Power Pulse,' which found that more than three-quarters of construction professionals surveyed say their sites are ready for the transition to electric-powered tools, with more than half of them reporting that electric tools have allowed them to complete projects up to two to three times faster compared to gas-powered tools.
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Stanley Black & Decker Announces Release Date for Fourth Quarter and Full Year 2023 Earnings

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Stanley Black & Decker (NYSE: SWK) will broadcast its fourth quarter and full year 2023 earnings webcast on Thursday, February 1, 2024. The Company is a global leader in tools and outdoor operating manufacturing facilities worldwide, with more than 50,000 diverse and high-performing employees producing innovative, award-winning power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, and engineered fasteners. Stanley Black & Decker's iconic brands include DEWALT®, BLACK+DECKER®, CRAFTSMAN®, STANLEY®, CUB CADET®, and HUSTLER®. The Company strives to be a force for good in support of its communities, employees, customers, and other stakeholders. The call will be available through a live, listen-only webcast or teleconference. Links to access the webcast, register for the teleconference, and view the accompanying slide presentation will be available on the 'Investors' section of Stanley Black & Decker's website, with a replay available two hours after the call.
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Stanley Black & Decker Announces Agreement to Sell Attachment Tools Business

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Stanley Black & Decker (NYSE: SWK) has announced the sale of STANLEY Infrastructure to Epiroc AB for $760 million in cash. The company aims to maximize shareholder value through active portfolio management and focus on core businesses. Infrastructure is expected to generate $450 to $470 million in revenue with a mid-to-high teens adjusted EBITDA margin in FY2023.
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BLACK+DECKER Releases Hosting "Must-Have" Guide for the Holiday Season

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BLACK+DECKER (NYSE: SWK) reveals results from 'Home for the Holidays' survey, indicating Americans' holiday hosting plans. The survey shows that 63% of Americans plan to host a party this season, with 55% serving margaritas as the cocktail of choice. BLACK+DECKER also offers a 'must-have' guide for hosts, featuring efficient cleaning methods and kitchen tools for holiday menus.
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Nearly Two-Thirds of Homeowners See Home Improvement Projects as an Alternative to Buying a New Home, According to CRAFTSMAN® Home Field Advantage Survey

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Stanley Black & Decker's CRAFTSMAN (SWK) survey reveals that 65% of homeowners see home improvement as an alternative to buying new homes due to high interest rates. The survey also shows that 52% of homeowners aim to create more comfortable living environments, 50% want to enhance the aesthetic appeal, and 47% aim to improve overall home value. The most popular home improvement areas include painting, bathroom, and kitchen improvements, with more than half of homeowners having a budget of $5,000 or more. CRAFTSMAN is offering holiday deals and donating up to $100,000 in products to maker spaces across the U.S.
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Stanley Black & Decker Releases Inaugural Holiday Gift Guide for Construction Pros, the DIYer, Auto Enthusiasts, the Home Chef and Everyone in Between

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Stanley Black & Decker (NYSE: SWK) released the results of its holiday gifting survey, identifying top gift picks based on interests and hobbies. The survey found that 50% of construction pros would like new power tools and nearly 40% of DIYers are dreaming of drills this season. The guide features a selection of products from Stanley Black & Decker's workshop, categorized based on various interests and hobbies. The survey also revealed that the top gift giving trends include batteries, storage/organization, and gifts that can be shared.
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Stanley Black & Decker To Present At The Baird 2023 Global Industrial Conference

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Stanley Black & Decker (NYSE: SWK) will be hosting a webcast of a presentation by Pat Hallinan, Executive Vice President and CFO, at The Baird 2023 Global Industrial Conference in Chicago, IL on November 7, 2023. The webcast will be available on the company's website and a replay will be provided for 30 days.
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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