Stanley Black Stock Price, News & Analysis

Stanley Black & Decker (NYSE: SWK) announced it will hold its fourth quarter and full year 2021 earnings conference call on Tuesday, February 1, 2022, at 8:00 AM ET. A news release detailing the financial results will be issued before the market opens on the same day. Alongside the call, a slide presentation will be available on the company’s website. Stanley Black & Decker operates a $14.5 billion diversified industrial business with over 56,000 employees globally, recognized as a leader in tools, products, and engineered solutions.

Stanley Black & Decker (NYSE: SWK) has donated over 600 DEWALT and STANLEY tools to ToolBank USA, supporting communities in Kentucky, Illinois, and Tennessee affected by recent tornadoes. The tools will aid disaster relief and rebuilding efforts at no cost to organizations and volunteers. The company also supports the American Red Cross's disaster giving program and assists its impacted employees through the HOME Fund. This partnership exemplifies the company’s commitment to community support and rebuilding efforts following natural disasters.

Stanley Black & Decker (NYSE: SWK) has been recognized for the fourth consecutive year by the environmental non-profit CDP for its leadership in climate action and water security, achieving CDP Leadership Status for the eighth year. The company secured a double 'A' score, placing it among 40 firms out of nearly 12,000 evaluated. This recognition underscores the company's commitment to environmental, social, and governance (ESG) goals, including significant actions on climate risks. The full list of recognized companies is available on the CDP website.

Stanley Black & Decker (NYSE: SWK) has entered into a definitive agreement to sell most of its Security assets to Securitas AB for $3.2 billion in cash. The transaction encompasses its Commercial Electronic and Healthcare Security business lines, forecasted to generate $1.7 billion in revenues for 2021. Proceeds will partially fund an upcoming $4 billion share repurchase program planned for 2022. The sale is anticipated to close in the first half of 2022, pending regulatory approvals. The company's EPS guidance for 2021 remains at $9.70 to $10.05 on a GAAP basis.

DEWALT's POWERSTACK™ 20V MAX* Compact Battery has been honored with a Popular Science 2021 Best of What's New Award, recognizing innovative breakthroughs for the year. This battery utilizes flat pouch cells, making it DEWALT's lightest and most powerful compact battery, intended for various applications including cutting and drilling. It is compatible with all DEWALT 20V MAX* tools. The award is the second accolade received since its launch in October. DEWALT aims to revolutionize jobsite solutions with this technology.

Stanley Black & Decker (NYSE: SWK) has completed the acquisition of 80% of MTD Holdings and Excel Industries for $1.9 billion. This strategic move positions the company as a leader in the $25 billion outdoor power equipment market, with a combined revenue of approximately $4 billion. CEO James M. Loree emphasized the potential for earnings per share (EPS) accretion of $0.50 for 2022, despite some deal-related charges. The company is focused on growth and innovation in the outdoor equipment sector, welcoming 8,100 new associates from the acquired businesses.

Stanley Black & Decker (NYSE: SWK) will host a virtual presentation at the Deutsche Bank Virtual Industrials Conference on November 16, 2021, at 1:30 PM ET, featuring President and CFO Don Allan. Investors can access the live webcast via the company's Investors section on their website. A replay will be available for 30 days. Headquartered in New Britain, Connecticut, Stanley Black & Decker is a leading global industrial company with a market value of $14.5 billion and operates under iconic brands like DEWALT and STANLEY.