Stanley Black Stock Price, News & Analysis

Stanley Black & Decker (NYSE: SWK) released findings from its inaugural Makers Index, highlighting a skilled trades shortage in the U.S. Despite 85% of youths and 94% of parents recognizing trades as good careers, only 49% have considered them, and just 16% are very likely to do so. Key factors include misconceptions about income potential, outdated views on technology in trades, and lack of engagement with trade professionals. The CEO emphasized the need for increased career education to attract the next generation of skilled workers amidst 650,000 open positions in construction.

Stanley Black & Decker (NYSE: SWK) announced the first cohort of its Empower Makers Global Impact Challenge, awarding $3 million in grants and $1 million in tools to support workforce development initiatives. This initiative aims to empower 180,000 individuals through vocational skills training in the construction and manufacturing sectors. The total commitment of $25 million over five years seeks to skill and reskill 3 million makers. The program highlights the critical need for skilled labor, addressing an estimated 650,000 open construction jobs in 2022.

Stanley Black & Decker (NYSE: SWK) will hold its first quarter 2022 earnings conference call on April 28, 2022, at 8:00 AM ET. A financial results release will be issued before market opening on the same day. The accompanying slide presentation will be available on the company's website. Investors can access the call via webcast or by phone. The company is recognized as the world's largest tool manufacturer, operating nearly 50 manufacturing facilities in the U.S. and over 100 globally, producing various innovative products under brands like DEWALT and BLACK+DECKER.

BLACK+DECKER's dustbuster® AdvancedClean™ Slim Cordless Hand Vacuum (HLVC315B10) was honored with the Best Hand Vacuum award by Better Homes & Gardens as part of the 2022 Clean House Awards. This recognition highlights the product's innovation, ease of use, and effectiveness. BLACK+DECKER has a long legacy of innovation in the handheld vacuum market, dating back to the original dustbuster's launch in 1979, which was revolutionary for its time. The award is featured in the April issue of Better Homes & Gardens, emphasizing the brand's commitment to quality and customer satisfaction.

On March 8, 2022, DEWALT, a brand of Stanley Black & Decker (NYSE: SWK), highlighted the success of its POWERSTACK™ 20V MAX* Compact Battery, the first pouch cell battery for construction. Launched in October 2021, it has received high praise from professionals, awards, and strong retail demand. Notable recognitions include the Popular Science 2021 Best of What's New Award and WOOD Magazine 2022 Innovate Award. With an average rating of 4.8 out of 5 stars, users commend its compact design and compatibility with over 250 DEWALT tools. Retail launches in EMEA and Asia are planned for spring 2022.

Stanley Black & Decker (NYSE: SWK) announced a $2.0 billion accelerated share repurchase program, demonstrating its commitment to enhancing shareholder value. This is part of a larger $4 billion share repurchase initiative planned for 2022. The initial payment will be funded through existing credit agreements, with approximately 10.8 million shares expected to be delivered initially. The final number of shares will be determined based on market conditions. This strategic move reflects confidence in the company's long-term growth and margin expansion prospects.

Stanley Black & Decker (NYSE: SWK) will host a webcast presentation by President and CFO Don Allan at the Raymond James 43rd Institutional Investors Conference on March 7, 2022, at 11:35 AM ET. Interested parties can access the live event via the 'Investors' section of the company's website. A replay will be available for 30 days. As the largest tool company globally, Stanley Black & Decker employs over 60,000 staff and operates nearly 50 manufacturing facilities in the USA, producing well-known brands like DEWALT and CRAFTSMAN.