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) will host a webcast presentation by President and CFO Don Allan at the Raymond James 43rd Institutional Investors Conference on March 7, 2022, at 11:35 AM ET. Interested parties can access the live event via the 'Investors' section of the company's website. A replay will be available for 30 days. As the largest tool company globally, Stanley Black & Decker employs over 60,000 staff and operates nearly 50 manufacturing facilities in the USA, producing well-known brands like DEWALT and CRAFTSMAN.
Desktop Metal (NYSE:DM) has successfully shipped its first Production System™ P-50 printer to Stanley Black & Decker (NYSE:SWK). This milestone signifies the commercialization of Desktop Metal's advanced additive manufacturing technology, enabling mass production of metal parts. The P-50 is designed for high-performance output and is expected to be up to 100 times faster than traditional methods, with a production capacity reaching millions of parts annually. This development follows a $100 million investment and four years of dedicated research and development.
Stanley Black & Decker (NYSE: SWK) has priced its offering of $500 million in 2.300% Senior Notes due 2025 and $500 million in 3.000% Senior Notes due 2032. The notes will be offered at 99.865% and 99.810% of par, respectively, and the offering is expected to close on February 24, 2022. The net proceeds of approximately $991.9 million will be used for general corporate purposes, including repayment of debt. The issuance is subject to customary closing conditions and will comply with SEC regulations.
Stanley Black & Decker (NYSE: SWK) will host a webcast of a presentation by Don Allan, President and CFO, at the Barclays Industrial Select Conference on February 24, 2022, at 10:20 AM ET. Interested parties can access the live webcast via the company's website. A replay will be available for 30 days. Stanley Black & Decker, the largest tool company globally, operates nearly 50 manufacturing sites in the USA and over 100 worldwide, producing a range of innovative tools and equipment.
Stanley Black & Decker (NYSE: SWK) announced the election of Andrea J. Ayers as Chair of the Board, effective April 22, 2022. George W. Buckley will retire after 15 years of service. The Board also welcomed Adrian V. Mitchell, CFO of Macy's, Inc., as a new director. Ayers commended Buckley for his leadership, noting the company's growth post-merger. Mitchell brings extensive financial and operational expertise, aiming to advance Stanley Black & Decker’s long-term strategy and shareholder value. This leadership transition underscores the company's commitment to innovation and performance.
On February 16, 2022, Stanley Black & Decker (NYSE: SWK) announced a regular first quarter cash dividend of $0.79 per common share. This move extends the company's record for the longest consecutive annual and quarterly dividend payments among industrial companies on the NYSE. Shareholders of record as of March 8, 2022 will receive the dividend on March 22, 2022. Stanley Black & Decker operates nearly 50 manufacturing facilities in the USA and over 100 globally, producing a wide range of power tools and other industrial equipment.
On February 15, 2022, Stanley Black & Decker (NYSE: SWK) announced the selection of ten startups for its 2022 STANLEY+Techstars Accelerator. The program targets innovations in electrification, featuring startups developing advanced battery technologies, recyclable materials, and automation solutions. The three-month program will kick off in Baltimore, culminating in a demo day in May. The diverse cohort includes companies from the USA, Canada, Germany, and Ireland, and aims to foster advancements that enhance energy efficiency and contribute to the electrification of consumer and industrial products.
BLACK+DECKER, a Stanley Black & Decker brand, has partnered with Bartesian to launch the bev by BLACK+DECKER single-serve cocktail maker by late spring 2022. This innovative product allows users to create craft cocktails at home with a selection for five liquors and customizable drink strengths. It is exclusively compatible with Bartesian's premium cocktail capsules, priced at $14.99 for a pack of six. The bev will be available for $299 on Amazon. This collaboration aims to expand market reach and improve consumer access to Bartesian’s cocktail capsules.
Stanley Black & Decker (NYSE: SWK) reported fourth-quarter and full-year 2021 financial results, revealing a 20% revenue growth to $15.6 billion and record 17% organic revenue growth. Fourth-quarter revenue reached $4.1 billion, up 2% year-over-year, with diluted GAAP EPS at $1.77. Excluding charges, diluted EPS was $2.14. The company anticipates a $4 billion share repurchase program in 2022 and projects full-year diluted EPS between $10.10 and $10.70. Despite challenges in supply chain logistics impacting volume, Stanley Black & Decker remains focused on delivering growth and shareholder value.
Stanley Black & Decker (NYSE: SWK) announced plans to restate its consolidated financial statements following SEC comments regarding its Equity Units. The correction will reduce diluted GAAP earnings per share by $0.31, $0.24, and $0.14 for the fiscal years ended January 2, 2021, December 28, 2019, and December 29, 2018, respectively. Despite these adjustments, historical net earnings remain unchanged, and debt compliance is unaffected. The changes, endorsed by the Audit Committee, will be filed with the SEC.