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) announced a 13% increase in its quarterly cash dividend, raising it to $0.79 per share, marking the 54th consecutive annual dividend increase. The dividend is payable on September 21, 2021, to shareholders of record by September 7, 2021. CEO James M. Loree emphasized the company's confidence in its cash generation potential, highlighting the dividend's role in enhancing shareholder value and their strategy to allocate approximately half of excess capital to shareholders for the long term.
Stanley Black & Decker has entered a multi-year partnership with McLaren Racing, becoming the Official Tools and Storage Partner for the Formula 1 team. This collaboration emphasizes shared values in innovation and technological advancement. DEWALT, a Stanley Black & Decker brand, will feature prominently on the McLaren MCL35M race cars and team gear. Both companies plan to engage fans through events that highlight their commitment to excellence. This partnership aims to strengthen Stanley Black & Decker’s visibility in the motorsports arena and connect with a passionate audience.
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Stanley Black & Decker's CRAFTSMAN® brand is collaborating with the Ace Hardware Foundation and NASCAR driver Christopher Bell to support Children's Miracle Network Hospitals (CMN Hospitals) through the 2021 Racing for a Miracle program. Ahead of the July 11 race in Atlanta, they will donate $100,000, marking the 15th anniversary of their partnership. This year, CRAFTSMAN® will also contribute $10 for every purchase of select products during an in-store promotion. CMN Hospitals focuses on healthcare for children, serving millions annually.
Stanley Black & Decker (NYSE: SWK) announced CEO Jim Loree's membership in the Council for Inclusive Capitalism, a nonprofit aimed at fostering an inclusive and sustainable economic system. This commitment aligns with the company's purpose of making a positive impact and emphasizes its focus on environmental, social, and governance (ESG) responsibilities. The company has set ambitious goals, including achieving gender parity in leadership and donating $10.5 million by 2025 to support racial equity initiatives, as part of its broader Corporate Social Responsibility strategy.
Stanley Black & Decker (NYSE: SWK) will hold its second quarter 2021 earnings conference call on July 27, 2021, at 8:00 AM ET. A news release detailing financial results will be issued before the market opens on the same day. Interested parties can access the call via a live webcast on the company’s website or by telephone. Stanley Black & Decker is an S&P 500 company valued at $14.5 billion, with over 53,000 employees in more than 60 countries.
On June 22, 2022, Don Allan, President and CFO of Stanley Black & Decker (NYSE:SWK), will testify before the Senate Finance Committee regarding manufacturing and supply chain resiliency. Allan emphasizes the necessity of a strategic U.S. trade agenda to foster economic recovery post-COVID, advocating for job creation and reconsideration of the Section 301 tariff regime on Chinese imports critical for U.S. manufacturing. Over the past decade, the company has focused on U.S.-based operations, contributing to local economies and increasing job opportunities.
On June 17, 2021, Stanley Black & Decker (NYSE: SWK) announced that it will recognize Juneteenth as a company holiday for all U.S. employees starting in 2022. This decision aligns with the recent federal recognition of June 19 as Juneteenth National Independence Day, marking the end of slavery in the United States. CEO Jim Loree emphasized the move as part of the company’s commitment to diversity and inclusion, supporting Black employees and communities. Additionally, the company will observe a 'Day of Hope & Healing' on June 18, 2021, to honor victims of racial violence.
On June 2, 2021, Stanley Black & Decker (NYSE: SWK) announced a virtual presentation by CEO Jim Loree at the UBS Global Industrials & Transportation Conference on June 9, 2021, at 10:00 AM ET. The webcast will be accessible in the 'Investors' section of the company's website, where a replay will be available for 30 days. As an S&P 500 company with $14.5 billion in revenue and 53,000 employees globally, Stanley Black & Decker leads in tools, security solutions, and engineered fastening.
Stanley Black & Decker (NYSE: SWK) CEO Jim Loree will participate in a virtual panel at the World Economic Forum on June 2, 2021, from 12:00-12:45pm EST. The panel will discuss workforce development and job creation in the aftermath of COVID-19, moderated by Bloomberg’s Francine Lacqua. Loree aims to highlight the importance of a skilled workforce for economic growth and to advocate for inclusive workforce strategies. The Jobs Reset Summit is a two-day event aimed at fostering inclusive economic recovery.