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 virtual presentation at the Deutsche Bank Virtual Industrials Conference on November 16, 2021, at 1:30 PM ET, featuring President and CFO Don Allan. Investors can access the live webcast via the company's Investors section on their website. A replay will be available for 30 days. Headquartered in New Britain, Connecticut, Stanley Black & Decker is a leading global industrial company with a market value of $14.5 billion and operates under iconic brands like DEWALT and STANLEY.
Stanley Black & Decker (NYSE: SWK) will host a virtual presentation led by President and CFO Don Allan at the Baird 2021 Global Industrial Conference on November 10, 2021, at 3:45 PM ET. The presentation will be available live on their website, with a replay for 30 days. The company, an S&P 500 leader, operates globally with $14.5 billion in revenue and employs 56,000 people across more than 60 countries, being a powerhouse in tools, electronic security, and engineered solutions.
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.
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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.
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