Welcome to our dedicated news page for Stanley Black & Decker (Ticker: SWK), a resource for investors and traders seeking the latest updates and insights on Stanley Black & Decker.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Stanley Black & Decker's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Stanley Black & Decker's position in the market.
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Stanley Black & Decker's CRAFTSMAN brand introduces the T4400 54-in. Gas Garden Tractor, designed for large lawns up to 3 acres. The tractor features a powerful Kawasaki V-Twin FR Engine, Tuff Torq transmission, and a 54-in. fabricated deck for durability. Available in retail stores and online, the T4400 offers precision cutting with a TURN TIGHT 5 in. turning radius.
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-4.27%
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Stanley Black & Decker announced fourth quarter and full year 2023 financial results, showing full year revenues of $15.8 billion and fourth quarter revenues of $3.7 billion. The company reported a full year cash from operating activities of $1.2 billion and free cash flow of $853 million, with inventory reduced by $1.9 billion since mid-2022. The fourth quarter gross margin expanded sequentially, driven by accelerated supply chain actions to counter reduced volumes and lower shipping costs. The company also announced an agreement in December to divest STANLEY Infrastructure for $760 million in cash. Despite the challenging market backdrop, the company's disciplined efforts drove adjusted gross margin improvements in each quarter and strong free cash flow consistent with their plan. The company is expecting to deliver higher levels of organic revenue growth, profitability, and cash flow to drive strong long-term shareholder returns.
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-1.54%
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DEWALT, a Stanley Black & Decker brand, celebrates its 100th anniversary with a $30 million pledge to support trades professionals and a commitment to innovation, safety, and productivity. The company will ring The Opening Bell at the New York Stock Exchange and has planned various activities to commemorate the milestone. DEWALT's history, innovation, and commitment to the trades sector are highlighted, along with its future plans for product launches and social media campaigns.
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1.87%
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DEWALT, a Stanley Black & Decker brand, celebrated its centennial anniversary with an electrifying activation in Las Vegas and the launch of the DEWALT POWERSHIFT™ System, a groundbreaking equipment system designed for concrete jobsites. The system, made up of six concrete tools, aims to optimize workflow, power, runtime, and comfort for professionals, while transitioning away from gas-powered equipment. Las Vegas Mayor Carolyn G. Goodman proclaimed January 23 as 'Concrete Heroes Day' to honor the city's construction professionals. The system will be available through commercial and industrial channels in the fall of 2024.
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-1.51%
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DEWALT, a Stanley Black & Decker brand, is launching its newest innovation, DEWALT POWERSHIFT™, a groundbreaking equipment system to optimize the workflow of concrete jobsites through electrification. The product line will be featured at the 2024 World of Concrete in Las Vegas. According to the Power Pulse Survey, the majority of construction professionals in Las Vegas are confident in the transition to fully electric-powered tools, with 83% reporting that it has allowed them to complete projects up to two to three times faster compared to gas-powered tools.
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Rhea-AI Sentiment
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1.29%
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DEWALT, a Stanley Black & Decker brand, is launching the DEWALT POWERSHIFT™ line, a groundbreaking equipment system to optimize concrete jobsites through electrification. The system is designed to meet the critical needs of concrete professionals and is backed by DEWALT's portfolio of complimentary tools, accessories, and technology. The line will launch at the World of Concrete Trade Show in Las Vegas and includes six concrete tools, as well as a high power density battery and charger. DEWALT also conducted a survey, 'Power Pulse,' which found that more than three-quarters of construction professionals surveyed say their sites are ready for the transition to electric-powered tools, with more than half of them reporting that electric tools have allowed them to complete projects up to two to three times faster compared to gas-powered tools.
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1.74%
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Stanley Black & Decker (NYSE: SWK) will broadcast its fourth quarter and full year 2023 earnings webcast on Thursday, February 1, 2024. The Company is a global leader in tools and outdoor operating manufacturing facilities worldwide, with more than 50,000 diverse and high-performing employees producing innovative, award-winning power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, and engineered fasteners. Stanley Black & Decker's iconic brands include DEWALT®, BLACK+DECKER®, CRAFTSMAN®, STANLEY®, CUB CADET®, and HUSTLER®. The Company strives to be a force for good in support of its communities, employees, customers, and other stakeholders. The call will be available through a live, listen-only webcast or teleconference. Links to access the webcast, register for the teleconference, and view the accompanying slide presentation will be available on the 'Investors' section of Stanley Black & Decker's website, with a replay available two hours after the call.
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End-of-Day
0.8%
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Stanley Black & Decker (NYSE: SWK) has announced the sale of STANLEY Infrastructure to Epiroc AB for $760 million in cash. The company aims to maximize shareholder value through active portfolio management and focus on core businesses. Infrastructure is expected to generate $450 to $470 million in revenue with a mid-to-high teens adjusted EBITDA margin in FY2023.
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1.65%
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BLACK+DECKER (NYSE: SWK) reveals results from 'Home for the Holidays' survey, indicating Americans' holiday hosting plans. The survey shows that 63% of Americans plan to host a party this season, with 55% serving margaritas as the cocktail of choice. BLACK+DECKER also offers a 'must-have' guide for hosts, featuring efficient cleaning methods and kitchen tools for holiday menus.
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1.48%
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Stanley Black & Decker's CRAFTSMAN (SWK) survey reveals that 65% of homeowners see home improvement as an alternative to buying new homes due to high interest rates. The survey also shows that 52% of homeowners aim to create more comfortable living environments, 50% want to enhance the aesthetic appeal, and 47% aim to improve overall home value. The most popular home improvement areas include painting, bathroom, and kitchen improvements, with more than half of homeowners having a budget of $5,000 or more. CRAFTSMAN is offering holiday deals and donating up to $100,000 in products to maker spaces across the U.S.
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Rhea-AI Sentiment
End-of-Day
-2.94%
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Stanley Black & Decker, Inc.
NYSE:SWK
SWK Rankings
SWK Stock Data
14.13B
153.17M
0.27%
90.43%
3.97%
Saw Blade and Handtool Manufacturing
Manufacturing
United States of America
NEW BRITAIN
About SWK
since 1843, we’ve set the standard for excellence in everything we do. no company on earth has a stronger or more compelling history of delivering the hardworking, innovative, powerful tools that help professionals around the world build, repair, and protect the world’s most valuable objects. we are the leader in tools and storage. we are stanley tools. we are dewalt. we are mac tools. we are porter-cable. and we are much more. we are the doors that protect you at airports. we are the pieces that hold your cell phone together. we are the hydraulic breakers that rescue trapped earthquake survivors. we are the people on the phone in a crisis. no matter where you live, what car you drive, what stores you shop at, or what building you work in, you can bet that we had a hand in making it work. and you can guarantee that we’ll keep making it work. vision: to be a sustainable company by advancing global stewardship across the entire value chain through our people, our operations, and ou