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 Black & Decker (NYSE: SWK) appointed Patrick Hallinan as the new Executive Vice President and Chief Financial Officer, effective April 6. He succeeds interim CFO Corbin Walburger, who will return to his previous position as Vice President of Business Development. Hallinan previously served as CFO at Fortune Brands Innovations and brings extensive experience in finance and leadership from various roles in top consumer brands. CEO Donald Allan Jr. expressed confidence in Hallinan's ability to drive growth and efficiency during a significant transformation of the company.
Stanley Black & Decker (NYSE: SWK) announced the date for its fourth quarter and full year 2022 earnings webcast, set for February 2, 2023, at 8:00 AM ET. A detailed news release with financial results will be available before market opening on the same day. Investors can access the presentation and listen to the call through the company's website. Stanley Black & Decker is recognized as the world's largest tool company, producing innovative products under several iconic brands including DEWALT and CRAFTSMAN, and is committed to environmental, social, and governance initiatives.
Stanley Black & Decker (NYSE: SWK) will present at the Credit Suisse 10th Annual Global Industrials Conference on December 1, 2022, at 2:00 PM ET. The presentation will be led by Corbin Walburger, Vice President and Interim CFO. Interested parties can access the live webcast through the company's 'Investors' section on their website. A replay of the event will be available for 30 days. Stanley Black & Decker is recognized as a leader in the tool manufacturing industry with prestigious brands like DEWALT, BLACK+DECKER, and CRAFTSMAN.
Stanley Black & Decker (NYSE: SWK) announced the redemption of all its outstanding Series D Cumulative Perpetual Convertible Preferred Stock on December 22, 2022, at a price of $1,007.71 per share. Holders can convert their shares until December 21, 2022. The settlement rate for stock purchase contracts from corporate units issued in November 2019 is set at 0.6298 shares of common stock per contract. The company emphasizes its commitment to serve the maker community while adhering to strong ESG principles.
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DEWALT, a brand under Stanley Black & Decker (NYSE: SWK), has launched the POWERSTACK™ 20V MAX* 5Ah Battery, boasting 50% more power, 50% more work per charge, and double the lifespan compared to previous models. This revolutionary battery utilizes pouch cell technology, enhancing efficiency for professional construction applications. Launched after the initial introduction in October 2021, the new battery is set to be available in December across North America. DEWALT continues its legacy of innovation in power tools.
On November 8, 2022, Stanley Black & Decker (NYSE: SWK) announced a virtual presentation by CEO Don Allan at Deutsche Bank's 2022 Industrials Conference scheduled for November 15, 2022, at 10:00 AM ET. Investors can access the live webcast in the 'Investors' section of the company's website, with a replay available for 30 days. The company is a leading global tool manufacturer, known for iconic brands like DEWALT® and BLACK+DECKER®. Stanley Black & Decker emphasizes its commitment to environmental, social, and governance (ESG) principles, aiming to be a positive force in the community.
Stanley Black & Decker (NYSE: SWK) will host a live webcast on November 9, 2022, at 9:30 AM ET, featuring a presentation by President and CEO Don Allan during the Baird 2022 Industrial Conference in Chicago, IL. The webcast can be accessed via the Investors section of their website, with a replay available for 30 days. As a leading global tool company, Stanley Black & Decker employs around 60,000 people and is known for its innovative brands like DEWALT and BLACK+DECKER.
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DEWALT has launched the IMPACT CONNECT™ system, featuring Copper Pipe Cutter and PVC/PEX Pipe Cutter attachments designed to convert select impact drivers into efficient cutting tools. This innovation aims to enhance user productivity, requiring 100X less effort than manual cutters. The Copper Pipe Cutter can perform 4X faster cuts with a maximum capacity of 1 inch, while the PVC/PEX Cutter achieves 6X faster cuts with up to 2-inch capacity. Available in late 2022, these attachments target professionals in plumbing, HVAC, and home renovation industries.