Welcome to our dedicated page for Stanley Black news (Ticker: SWK), a resource for investors and traders seeking the latest updates and insights on Stanley Black stock.
Stanley Black & Decker, Inc. (NYSE: SWK) generates a steady flow of news as a global Tools and Outdoor manufacturer with a portfolio of brands such as DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and Cub Cadet. Founded in 1843 and headquartered in the USA, the company operates manufacturing facilities worldwide and serves builders, tradespeople and DIY users with power tools, hand tools, storage, outdoor products, digital jobsite solutions and engineered fasteners.
News coverage for SWK commonly includes quarterly earnings announcements, where the company discusses segment performance in Tools and Outdoor and Engineered Fastening, margin trends, cash flow and progress on cost reduction and supply chain transformation programs. Investors also see updates on portfolio actions, such as the agreement to sell its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace, which reflects the company’s approach to active portfolio management and debt reduction.
Another category of news involves product and brand developments. As a Stanley Black & Decker brand, DEWALT issues announcements on new jobsite tools and systems, including concrete solutions and cordless equipment showcased at industry trade shows. These updates illustrate how the company introduces new tools and technologies for demanding professional applications.
Corporate governance and leadership items also appear in the news stream, including board appointments, changes in executive roles and the appointment of leaders for areas such as global supply chain. In addition, SWK issues releases on dividends, investor conference presentations and upcoming earnings webcasts, providing context for shareholders and analysts.
This news page aggregates these items in one place, allowing readers to review financial updates, strategic transactions, product launches and corporate announcements related to Stanley Black & Decker over time.
Stanley Black & Decker (NYSE: SWK) announced a definitive agreement to sell its STANLEY Oil & Gas unit to Pipeline Technique Limited, a leading energy solution provider. The sale, encompassing several pipeline services and equipment businesses, generated approximately $140 million in revenue in 2021. The company expects a non-cash charge of $125 million to $200 million related to asset write-downs, while remaining committed to enhancing focus on core tools and industrial businesses. The transaction awaits regulatory approval.
Stanley Black & Decker (NYSE: SWK) will host its second quarter 2022 earnings webcast on July 28, 2022, at 8:00 AM ET. A financial results news release will be issued before the market opens that day. A slide presentation will accompany the call and be available on the company's investor relations website. Stanley Black & Decker operates nearly 50 manufacturing facilities in the USA and over 100 globally, offering a wide array of innovative tools and solutions under brands like DEWALT and BLACK+DECKER.
DEWALT, a brand of Stanley Black & Decker (NYSE: SWK), has launched a new biodegradable chainsaw oil, the DXCC1201, certified as a USDA Biobased Product. This high-performance oil is made from North American-grown plant oils, aimed at reducing environmental pollution. Annually, about 20 million gallons of bar and chain oil are released into the environment, and DEWALT's new formula offers an eco-friendly alternative without petroleum or metal-based additives. It ensures compatibility with gas and battery-operated chainsaws and is available at various retail outlets.
On June 13, 2022, DEWALT, a Stanley Black & Decker brand, provided insights amid strong construction demand in the U.S., with new housing starts rising over 15% in 2021. DEWALT's President, Allison Nicolaidis, emphasized the need for modernizing job sites to improve efficiency. The company shared three key tips for homebuilders: embrace cordless tools for better mobility and safety, upgrade to advanced pouch cell battery technology for enhanced performance, and utilize connected solutions for streamlined operations. These advancements aim to help builders complete projects on time and within budget.
Allegion plc (NYSE: ALLE) has priced an offering of $600 million senior notes due 2032, guaranteed by Allegion, expected to close on June 22, 2022. Proceeds will finance the acquisition of Stanley Access Technologies from Stanley Black & Decker (NYSE: SWK), with the transaction expected in Q3 2022, pending regulatory approval. Allegion aims to enhance shareholder value through this strategic acquisition, which aligns with its growth plans. The offering has been managed by Goldman Sachs, BofA Securities, and J.P. Morgan.
Allegion plc (NYSE: ALLE) has announced a proposed public offering of senior notes through its subsidiary, Allegion US Holding. The proceeds will primarily fund the acquisition of Stanley Access Technologies LLC from Stanley Black & Decker (NYSE: SWK), expected to finalize in Q3 2022. If the acquisition does not proceed, funds will be allocated for general corporate purposes, including debt repayment. The offering is subject to market conditions and follows an effective registration statement filed with the SEC.
CRAFTSMAN, part of Stanley Black & Decker (NYSE: SWK), has expanded its V20* platform by introducing new tools aimed at professional users. The latest additions include the V20* BRUSHLESS RP™ Cordless Jig Saw and the 23GA Pin Nailer, among others. These tools are designed for high performance, including features like variable speed control, LED lights, and tool-free blade changes. The new products are available in stores and online, with plans for further additions to the V20* lineup throughout 2022.
Stanley Black & Decker (NYSE: SWK) has announced the appointment of Donald Allan, Jr. as the new CEO, effective July 1, 2022. He succeeds James M. Loree, who has led the company since 2016. Under Loree's leadership, annual revenues rose from $11 billion in 2016 to an expected $19 billion in 2022. The company reaffirmed its outlook for 2022, anticipating diluted EPS between $7.20 and $8.30 on a GAAP basis, with free cash flow projected at $1.0 to $1.5 billion. The company also plans to reallocate $200-$250 million to enhance supply chain productivity and expects $1 billion in value creation over five years.
Tulip Interfaces has been selected by Stanley Black & Decker (NYSE: SWK) to provide its Frontline Operations Platform for digital manufacturing solutions across all global factories. This partnership builds on a relationship established since 2018, showcasing the commitment to advanced manufacturing solutions. Jane Arnold, Vice President of Manufacturing Technology at Stanley Black & Decker, will join Tulip's Board of Directors. The collaboration is expected to drive long-term value and operational innovation.
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.