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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 by President & CFO Don Allan at the Wolfe Research Global Transportation & Industrials Conference on May 25, 2021, at 2:25 PM ET. The presentation will be accessible via a live webcast on their website, with a replay available for 30 days. Stanley Black & Decker is a leading global diversified industrial company with a market capitalization of $14.5 billion and employs over 53,000 people worldwide, operating in tools, storage, electronic security, and engineered solutions sectors.
Stanley Black & Decker has been named to the 100 Best Corporate Citizens ranking for the second consecutive year, ranking #69 overall and #8 in the Capital Goods industry. This recognition reflects the company's commitment to environmental, social, and governance (ESG) practices. The ranking assesses companies based on 146 factors across eight pillars, with Stanley Black & Decker excelling particularly in ESG performance, climate change, and environmental initiatives. Looking ahead, the company aims to empower 10 million creators and be carbon positive by 2030.
Stanley Black & Decker (NYSE: SWK) hosted a virtual growth summit on May 13, 2021, focusing on growth catalysts and margin resilience initiatives. CEO James M. Loree emphasized the company's focus on performance, innovation, and social responsibility. Key points included opportunities in home and garden markets, eCommerce growth, and a margin resiliency initiative projected to save $300 - $500 million over three years. The company reaffirmed its 2021 EPS guidance of $10.15 - $10.55 (GAAP) and $10.70 - $11.00 (adjusted).
Stanley Black & Decker (NYSE: SWK) will host its Virtual Growth Summit on May 13, 2021. The event will feature presentations and a Q&A session with senior management, starting at 9:00 AM ET and ending around 12:00 PM ET. Registration is available on the company’s website. This S&P 500 company, with a market value of $14.5 billion, is a global leader in tools and storage and operates in over 60 countries.
Stanley Black & Decker (NYSE: SWK) invites the public to a webcast featuring CEO Jim Loree at the Wells Fargo 2021 Virtual Industrials Conference on May 6, 2021, at 10:00 AM ET. The event will be accessible in the 'Investors' section of the company's website and will offer a replay available for 30 days.
Stanley Black & Decker is a diverse global supplier of tools, security solutions, and more, recognized as an S&P 500 company.
Stanley Black & Decker (NYSE: SWK) announced the redemption of its Series C Cumulative Perpetual Convertible Preferred Stock, effective June 3, 2021. The redemption price is set at $1,002.50 per share, which includes the $1,000 liquidation preference and accrued dividends. Shareholders can convert their shares before June 2, 2021, with a combination settlement option. Following the redemption, dividends will cease on the shares called for redemption. Stanley Black & Decker, a leader in the tools and storage market, has a market capitalization of $14.5 billion.
Stanley Black & Decker (NYSE: SWK) reported robust first quarter 2021 results, with revenues of $4.2 billion, up 34% YoY, driven by strong organic growth of 31%. Gross margin increased to 37.3%, and diluted EPS rose 161% to $2.98. The company raised its 2021 EPS guidance to between $10.15 and $10.55. Key segments like Tools & Storage saw a remarkable 48% sales increase. Increased demand and strategic investments are expected to further enhance organic growth, with robust market trends positioning the company favorably for future growth.
Stanley Black & Decker (NYSE: SWK) announced a $12.50 dividend per preferred share for the second quarter, payable on May 17, 2021, to shareholders of record by May 14, 2021. This decision reflects the company's ongoing commitment to delivering value to its shareholders. As a diversified global provider of tools and security solutions, the company continues to demonstrate stability and confidence in its financial performance.
Stanley Black & Decker (NYSE: SWK) has announced a second quarter cash dividend of $0.70 per common share, reinforcing its status as a leader in consistent dividend payments among industrial companies on the NYSE. The dividend will be paid on June 22, 2021, to shareholders of record by the close of business on June 8, 2021. This announcement highlights the company's strong financial health and commitment to returning value to its shareholders.
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