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.
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DEWALT, part of Stanley Black & Decker (NYSE: SWK), is set to showcase new products at the World of Concrete Trade Show in Las Vegas from January 18-20, 2022. Highlighted products include the 60V MAX* Cordless SDS MAX Chipping Hammers, delivering 19.4 Joules of impact energy, and American-made Critical Connection Undercut Anchors. Additional launches include two 20V MAX* XR® drills. These innovations cater to concrete and masonry work, focusing on efficiency and compliance with safety standards.
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.
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