Stanley Black Stock Price, News & Analysis

Stanley Black & Decker (NYSE: SWK) reported $4.3 billion in Q3 2021 revenues, marking an 11% increase year-over-year, driven by strong tools demand and organic growth of 10%. Operating margin decreased to 11.6%, and diluted GAAP EPS was $2.56, with guidance revised down for 2021 EPS to $10.20 - $10.45. Despite challenges from supply chain costs and inflation, the company announced innovative product launches, including the DEWALT POWERSTACK™ battery. Acquisitions are expected to enhance growth potential, with a focus on shareholder value and margin resilience.

Stanley Black & Decker (NYSE: SWK) has announced a regular fourth quarter cash dividend of $0.79 per common share, reinforcing its record as the leader in consecutive annual and quarterly dividend payments in the industrial sector. This dividend will be payable on December 21, 2021, to shareholders recorded by the close of business on December 1, 2021.

Stanley Black & Decker is a major global industrial player, boasting $14.5 billion in revenue and employing 56,000 individuals worldwide.

Stanley Black & Decker (SWK) and Eastman (EMN) have announced a partnership to enhance sustainability in the power tools sector. The BLACK+DECKER brand will launch the reviva line in early 2022, featuring power tools made with Eastman's Tritan Renew copolyester, which contains 50% certified recycled content. This initiative supports both companies' ESG strategies aimed at reducing greenhouse gas emissions and promoting circularity in materials. The reviva line will also focus on eco-friendly packaging and battery recycling programs.

DEWALT, a Stanley Black & Decker brand, announced the launch of the DEWALT POWERSTACK™ 20V MAX* Compact Battery, marking a significant advancement in cordless power tools. This battery features a revolutionary pouch cell design, delivering 50% more power, 25% more compact size, and 15% lighter weight compared to previous models. It also boasts twice the lifespan, enhancing investment value. The product rollout begins in December 2021 across North America and will extend globally through spring 2022.

Stanley Black & Decker (NYSE: SWK) has announced it will release its third quarter 2021 earnings on October 28, 2021, prior to market opening. The earnings conference call will begin at 8:00 AM ET that same day. Investors can participate through a live webcast on the company's website or by telephone. Stanley Black & Decker is a leading global diversified industrial company, generating approximately $14.5 billion in revenue, and employing over 56,000 individuals worldwide.

Stanley Black & Decker (NYSE: SWK) announced a renewed partnership with Techstars for the 2022 STANLEY+Techstars Accelerator, focusing on electrification. The program has supported startups globally, raising nearly $24 million. The 2022 Accelerator invites startups in electrification of tools, vehicles, and battery technology to apply until November 23, 2021. The in-person program will take place in Baltimore from February 14 to May 12, marking a shift from Hartford. This collaboration aims to foster diverse startup growth and drive innovation in the electrification sector.

PORTER-CABLE and Tractor Supply Company (NASDAQ: TSCO) have announced a strategic partnership to enhance accessibility to PORTER-CABLE tools in the U.S. Starting in Q4 2021, PORTER-CABLE products will be available in Tractor Supply stores nationwide, alongside exclusive new cordless innovations planned for 2022. This collaboration aims to cater to the strong demand from Tractor Supply's customer base, which includes nearly 12 million current PORTER-CABLE battery platform users. The partnership also features shared support for agriculture through the sponsorship of the Farm Aid concert on September 25, 2021.