Welcome to our dedicated page for Stanley Black news (Ticker: SWK), a resource for investors and traders seeking the latest updates and insights on Stanley Black stock.
Stanley Black & Decker, Inc. (NYSE: SWK) generates a steady flow of news as a global Tools and Outdoor manufacturer with a portfolio of brands such as DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and Cub Cadet. Founded in 1843 and headquartered in the USA, the company operates manufacturing facilities worldwide and serves builders, tradespeople and DIY users with power tools, hand tools, storage, outdoor products, digital jobsite solutions and engineered fasteners.
News coverage for SWK commonly includes quarterly earnings announcements, where the company discusses segment performance in Tools and Outdoor and Engineered Fastening, margin trends, cash flow and progress on cost reduction and supply chain transformation programs. Investors also see updates on portfolio actions, such as the agreement to sell its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace, which reflects the company’s approach to active portfolio management and debt reduction.
Another category of news involves product and brand developments. As a Stanley Black & Decker brand, DEWALT issues announcements on new jobsite tools and systems, including concrete solutions and cordless equipment showcased at industry trade shows. These updates illustrate how the company introduces new tools and technologies for demanding professional applications.
Corporate governance and leadership items also appear in the news stream, including board appointments, changes in executive roles and the appointment of leaders for areas such as global supply chain. In addition, SWK issues releases on dividends, investor conference presentations and upcoming earnings webcasts, providing context for shareholders and analysts.
This news page aggregates these items in one place, allowing readers to review financial updates, strategic transactions, product launches and corporate announcements related to Stanley Black & Decker over time.
STANLEY introduces its new CONTROL-LOCK™ tape measures, designed for strength and measuring control, suitable for professional jobsites. Available in lengths of 12-Ft to 30-Ft, these tapes feature a lightweight, compact design, an integrated finger brake for improved control, and a durable BladeArmor® coating. The lineup includes models priced between $8.99 and $18.99. STANLEY's commitment to innovation ensures that tradespeople can work with confidence and ease. The tapes come in recyclable packaging, advancing the company's sustainability efforts.
BLACK+DECKER showcased its latest innovations at The Inspired Home Show in Chicago from March 4-7, 2023. The highlight is the bev by BLACK+DECKER™ Cordless Cocktail Maker, launching in Spring 2023, enabling portable cocktail preparation. The product features include over 250 drinks per charge and customizable party modes. The BLACK+DECKER® kitchen wand™ expands with new attachments for food chopping and hand mixing, both available in March 2023. Additionally, the POWERSERIES Extreme™ MAX Cordless Stick Vacuum and SUMMITSERIES™ Select are introduced to enhance home cleaning efficiency, reflecting BLACK+DECKER’s commitment to innovation.
On March 1, 2023, Stanley Black & Decker (NYSE: SWK) announced the pricing of its offering of $350 million in Senior Notes due 2026 with a 6.272% interest rate, and $400 million in Senior Notes due 2028 at a 6.000% interest rate. The offering is expected to close on March 6, 2023, pending customary conditions. The company anticipates net proceeds of approximately $745.4 million, which will primarily be used for general corporate purposes, including debt repayment. Major banks are handling the offering, and the company has filed necessary documentation with the SEC.
Stanley Black & Decker (NYSE: SWK) is set to present at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 9:15 AM ET in Orlando, FL. The presentation will be led by President and CEO Don Allan. Interested parties can join the live webcast via the company's Investors section of their website. A replay will be available for 30 days. Stanley Black & Decker is a leader in tools and outdoor manufacturing with over 50,000 employees, producing iconic brands such as DEWALT® and BLACK+DECKER®.
Stanley Black & Decker (NYSE: SWK) announces the return of its CRAFTSMAN® brand as the title sponsor of the NASCAR Truck Series, starting February 17, 2023, at Daytona International Speedway. CRAFTSMAN® previously held this position from 1995 to 2008. The announcement includes plans for exclusive Deal of the Race™ promotions, giveaways, and fan experiences throughout the season. Fans can access discounts on selected tools via QR codes displayed during NASCAR broadcasts. An interactive exhibit will be featured at Daytona, showcasing CRAFTSMAN® products with opportunities for fans to win prizes and meet drivers.
Stanley Black & Decker (NYSE: SWK) has declared a regular first quarter cash dividend of $0.80 per common share, reinforcing its status as having the longest consecutive annual and quarterly dividend payments among industrial companies on the New York Stock Exchange. This dividend will be payable on March 21, 2023, to shareholders on record by the close of business on March 7, 2023. With over 50,000 employees, the company continues to lead in tools and outdoor manufacturing, driving innovation through its renowned brands such as DEWALT® and BLACK+DECKER®.
Stanley Black & Decker (NYSE: SWK) will present at the Barclays Industrial Select Conference in Miami, FL on February 22, 2023, at 1:15 PM ET. The presentation will be led by Corbin Walburger, Vice President and Interim CFO. Investors and the public can access a live webcast on the company's website, with a replay available for 30 days.
Stanley Black & Decker is a global leader in tools and outdoor products, employing over 50,000 individuals worldwide. The company focuses on innovation through its renowned brands like DEWALT® and BLACK+DECKER®. Committed to sustainability, it emphasizes its role in supporting communities and stakeholders.
Stanley Black & Decker (NYSE: SWK) reported full year 2022 revenues of $16.9 billion, marking an 11% increase from the previous year. This growth was driven by acquisitions in outdoor power equipment and strong performance in the industrial segment.
The company achieved $200 million in pre-tax savings through its cost reduction program and generated over $500 million in free cash flow during Q4 2022. However, Q4 diluted GAAP EPS was ($0.72), influenced by inventory reduction strategies. For 2023, EPS guidance is set between ($1.65) to $0.85.
Evolv Technology (NASDAQ: EVLV) has partnered with STANLEY Security to implement its Evolv Express® AI weapons detection systems in the Niagara Falls City School District, New York. This installation has expedited school entry processes for over 6,000 students by replacing cumbersome traditional security measures. Initial results show significant improvements in ingress and detection efficiency, enhancing the overall experience. The move comes amid rising concerns of school violence, prompting a shift to more modern security solutions, with Evolv Express currently deployed in schools across 20 states.
Stanley Black & Decker (NYSE: SWK) appointed John T. Lucas as Senior Vice President and Chief Human Resources Officer (CHRO), effective January 30, 2023. Lucas, who has over 35 years of HR experience in Fortune 50 and Fortune 150 companies, will lead the global HR strategy and report to CEO Donald Allan, Jr. Deborah K. Wintner, the interim CHRO, takes on the role for the company's largest segment, Tools & Outdoor. Lucas's extensive background includes leadership roles at Lockheed Martin, Goodyear, Microsoft, Kodak, and Merck, and he aims to enhance the company’s organizational effectiveness as it undergoes business transformation.