Stanley Black Stock Price, News & Analysis

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.

Allegion reported first-quarter 2022 net revenues of $723.6 million, a 4.2% increase, and net earnings of $93 million, or $1.05 per share. Adjusted EPS of $1.07 reflects a 10.8% decline from 2021. The operating margin decreased to 16.2%, while adjusted operating margin dropped to 16.9%. The company raised its full-year 2022 revenue growth outlook to 7.5-9% and reaffirmed EPS guidance between $5.50 and $5.70. Allegion announced the upcoming acquisition of Stanley Access Technologies, enhancing its product portfolio in the Americas.

Stanley Black & Decker (NYSE: SWK) will present at the 2022 Wells Fargo Industrials Conference on May 4, 2022, at 11:20 AM ET. The presentation will be led by CEO Jim Loree, and interested parties can access the live webcast through the Investors section of the company's website. A replay will also be available for 30 days after the event. Stanley Black & Decker is a leading global tool company with an extensive portfolio of brands.

Stanley Black & Decker (NYSE: SWK) has declared a cash dividend of $0.79 per common share for the second quarter, payable on June 21, 2022, to shareholders on record as of June 7, 2022. This dividend extends the company's record for the longest consecutive annual and quarterly dividend payments among industrial firms on the NYSE. Stanley Black & Decker operates nearly 50 manufacturing facilities in the USA and over 100 globally, producing well-known brands including DEWALT and BLACK+DECKER.