Stanley Black Stock Price, News & Analysis

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.

Starting October 1, nonprofits can apply for grants from Stanley Black & Decker's $25 million "Empower Makers Global Impact Challenge" aimed at enhancing vocational skills training in construction and manufacturing. The initiative addresses a significant skills gap, with 430,000 open construction jobs in the U.S. and 10 million unfilled manufacturing jobs worldwide, worsened by the pandemic. The goal is to empower 3 million makers over five years, promoting trade careers as financially rewarding alternatives to traditional college paths.

Stanley Black & Decker (NYSE: SWK) has announced its agreement to acquire Excel Industries for $375 million in cash. Excel, known for its commercial and residential turf-care equipment, is projected to generate over $375 million in revenue for 2021. This acquisition is expected to enhance Stanley's outdoor products portfolio and is projected to be accretive to EPS by $0.15 to $0.20 in three years. The deal is subject to regulatory approvals and standard closing conditions.

Stanley Black & Decker (NYSE: SWK) will host a virtual presentation led by President and CFO Don Allan at the Morgan Stanley Virtual 9th Annual Laguna Conference on September 13, 2021, at 3:45 PM ET. The live webcast will be accessible in the 'Investors' section of their website, with a replay available for 30 days. As a leader in the tools and storage industry, Stanley Black & Decker operates globally with approximately $14.5 billion in revenue and 56,000 employees across over 60 countries.

DEWALT, a leading brand of Stanley Black & Decker (NYSE: SWK), announces its debut in college football for the 2021-2022 season. This innovative sponsorship includes 25 universities across five Division 1 conferences, displaying the DEWALT logo on in-stadium team benches. The benches, exclusively installed with DEWALT tools, will enhance the brand's visibility among sports fans. Launching on Sept. 2 during the Minnesota vs. Ohio State game, this marks a significant milestone for DEWALT's marketing strategy, aimed at connecting with passionate supporters of college athletics.

Stanley Black & Decker (NYSE: SWK) announced its acquisition of the remaining 80% stake in MTD Holdings for $1.6 billion in cash. Previously, SWK held a 20% stake in MTD, acquired in 2019. This strategic move aims to create a global leader in the $25 billion outdoor category, enhancing growth opportunities amidst rising trends in home and garden consumer engagement and electrification. The acquisition is expected to yield $100 million in annual cost synergies by 2025 and boost adjusted earnings per share by $0.50 in 2022, increasing to over $1.00 by 2025.