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) 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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Stanley Black & Decker (NYSE: SWK) has announced a partnership with six Major League Baseball teams for the 2021 MLB season, marking their 13th year collaborating with MLB. As the official tools sponsor, the company aims to promote its brands—DEWALT, STANLEY, and CRAFTSMAN—to millions of fans. The sponsorship includes stadium signage, hospitality experiences, and engagement opportunities for essential tradespeople. With $14.5 billion in revenue and 53,000 employees worldwide, Stanley Black & Decker focuses on celebrating its commitment to 'Those Who Make The World.'
Stanley Black & Decker (NYSE: SWK) will host its Q1 2021 earnings conference call on April 28, 2021, at 8:00 AM ET. Prior to the market opening on the same date, a financial results news release will be issued. A slide presentation will accompany the call, available on the company's website. The call can be accessed via a live webcast or by telephone at US (877) 930-8285 or international +1 (253) 336-8297, using conference ID 1498930. A replay will be available shortly after the call.
Stanley Black & Decker (NYSE: SWK) announced its recognition with 14 awards from Popular Mechanics for exceptional tools and storage solutions in 2021. Winning products were tested among over 1,000 tools, showcasing reliability, quality, and value. The awarded tools included the DEWALT 20V MAX* Brushless Circular Saw and CRAFTSMAN V20* tools, representing diverse categories like power tools and storage. The company emphasized that these accolades reflect its commitment to innovation and meeting customer demands.
Stanley Black & Decker (NYSE: SWK) is set to present at the Bank of America Global Industrials Conference 2021 on March 16, 2021, at 12:30 PM ET. The presentation will be led by President & CFO Don Allan and will be accessible via a live webcast on the company's website. A replay will also be available for 30 days after the event. As a leading provider of tools and security solutions, Stanley Black & Decker continues to engage with its investors through such informative sessions.
Stanley Black & Decker (NYSE: SWK) announced its participation in the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 10:00 AM ET. CEO Jim Loree will present a virtual session, accessible via a live webcast on the company's website. A replay will be available for 30 days post-event. Stanley Black & Decker is a leading global provider of tools and security solutions.
Stanley Black & Decker (NYSE: SWK) appointed Donald Allan, Jr. as President and CFO, effective Feb. 23, 2021. Allan, a long-term employee, will expand his role to include leading the company's strategy and operating model while overseeing various business segments. He has been pivotal in the company’s transformation to a global industrial leader, achieving revenues close to $15 billion in 2020. The CEO praised Allan's values-based leadership and impact on the company’s performance.
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