Stanley Black Stock Price, News & Analysis

On May 18, 2022, Stanley Black & Decker (NYSE: SWK) was recognized by 3BL Media as one of the 100 Best Corporate Citizens, ranking #71 overall and #6 in the Capital Goods Industry. This acknowledgment highlights the company's commitment to environmental, social, and governance (ESG) initiatives, assessed through 155 factors across eight pillars. CEO Jim Loree emphasized their dedication to societal betterment, stating a goal to enable 10 million creators and achieve carbon positivity by 2030, further underlining their Corporate Social Responsibility (CSR) strategy.

Stanley Black & Decker (NYSE: SWK) invites the public to join webcasts for two upcoming investor conferences. Don Allan, President and CFO, will present at the Wolfe Global Transportation & Industrials Conference on May 26, 2022, at 10:55 AM ET and the UBS Global Industrials and Transportation Conference on June 7, 2022, at 10:30 AM ET. Webcasts will be accessible through the company's website, with replays available for 30 days. Stanley Black & Decker operates globally, employing over 60,000 people and producing renowned brands like DEWALT and BLACK+DECKER.

STANLEY X has appointed Michelle Bockman as President, effective immediately. Bockman brings over 20 years of experience, including her role as CEO of 3D Control Systems. She will focus on growth and innovation in key areas such as internal startup incubation and partnerships. Donald Allan Jr., President and CFO of Stanley Black & Decker, emphasized Bockman’s impressive track record and vision for the industry, which is expected to enhance opportunities for Stanley. STANLEY X aims to address challenges in Construction, Manufacturing, and Workforce Technology.

Stanley Black & Decker (NYSE: SWK) will host virtual presentations at two upcoming investor conferences. President and CFO Don Allan will present at the Goldman Sachs Industrials and Materials Conference on May 12, 2022, at 1:00 PM ET, and at the J.P. Morgan Homebuilding & Building Products Conference on May 17, 2022, at 1:15 PM ET. Investors can access the live webcasts on the company's website, with replays available for 30 days after the events. The company operates nearly 50 manufacturing facilities in the USA and over 100 globally, employing more than 60,000 people.

DEWALT POWERSTACK™ 20V MAX* Compact Battery has been awarded the 2022 Concrete Contractor Top Products Award, marking a recognition for its innovative design and performance in the power tools industry. The battery boasts 50% more power, is 25% more compact, and 15% lighter than its predecessor, with a lifespan that is double its competitor. With an average rating of 4.8/5 on DEWALT.com, it is praised by users for significantly enhancing jobsite efficiency. DEWALT continues to lead in advancing battery technology, critical for professionals in construction and concrete industries.

Stanley Black & Decker (NYSE: SWK) reported a strong first quarter of 2022, achieving total revenues of $4.4 billion, up 20% year-over-year due to strategic acquisitions in the outdoor power equipment sector and price increases. Gross margin improved by 230 basis points to 31.3%, driven by successful pricing actions. The company anticipates a mid-twenties revenue growth for the full year but has revised its EPS guidance to $7.20 - $8.30 from $10.10 - $10.70. A significant $2.3 billion return of capital to shareholders was initiated through share repurchases.