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 (NYSE: SWK) provides essential tools and solutions across 180+ countries through iconic brands like DEWALT and CRAFTSMAN. This news hub offers investors and professionals direct access to verified corporate developments.
Track material updates including product innovations in power tools, financial earnings reports, and strategic partnerships. Our repository consolidates official announcements about manufacturing advancements, operational milestones, and leadership changes.
All content is curated to meet investor needs for decision-making clarity, with permanent access to SWK's regulatory filings, sustainability initiatives, and market expansion updates. Bookmark this page for efficient monitoring of the company's evolving position in global industrial markets.
DEWALT released a survey revealing Gen Z's commitment to skilled trades careers, with 68% fully committed despite facing significant barriers. The study shows that 52% of students were waitlisted for technical programs, highlighting access challenges. Once enrolled, students actively engage in internships (55%), mentorship (47%), and real work experience (46%).
The survey found that 80% of students were introduced to trades careers by age 15, with 77% feeling optimistic about their career choice. While 84% believe they'll be hired post-graduation, concerns include training costs (43%), networking opportunities (39%), and equipment access (33%). Notably, work-life balance (85%) and having a caring boss (79%) are important for retention, with one-third willing to leave if expectations aren't met.
Stanley Black & Decker (NYSE: SWK) has announced its upcoming 2024 Capital Markets Day, scheduled for November 20, 2024, at the New York Stock Exchange. The event will run from 9:00 AM ET to approximately 12:00 PM ET, featuring presentations on the company's businesses, transformation initiatives, and strategies. Senior management will also conduct Q&A sessions.
The event will be accessible via live webcast, with presentation materials and agenda available on the company's website under the 'Investors' section's '2024 Capital Markets Day Event Page.' A replay will remain available for at least 30 days following the event.
DEWALT, a brand of Stanley Black & Decker, announced the North American availability of the DEWALT POWERSHIFT™ Cordless Equipment System. This innovative line of electric construction tools is designed to reduce CO2e emissions by up to 60% compared to gas-powered equipment. Since its debut at the World of Concrete 2024, it has won several awards, including TIME's Best Inventions of 2024 and Fast Company's Innovation by Design Award. The system has been praised for its power, runtime, and ergonomics, aiming to enhance jobsite productivity and reduce environmental impact. The product line includes various tools such as vibrators, power screeds, and core drills, all tested and endorsed by workers for their ease of use and efficiency. The system also features TOOL CONNECT+™ technology for enhanced asset management and tool safety.
DEWALT POWERSHIFT™ is now available across North America.
DEWALT's POWERSHIFT™ System has been named one of TIME's Best Inventions of 2024, recognized in the sustainability category. The system, which produces up to 60% less CO2e emissions during use compared to gas-powered equipment, is the only tool manufacturer entry on the list. The six-piece cordless equipment system optimizes concrete jobsite workflow through electrification, eliminating gas-powered equipment hassles while maintaining performance. The system helps construction companies achieve compliance with government mandates regarding gas equipment and represents DEWALT's commitment to sustainable jobsite solutions.
Stanley Black & Decker (NYSE: SWK) has announced its participation in the Baird 2024 Global Industrial Conference in Chicago. Pat Hallinan, Executive Vice President and CFO, will deliver a presentation on Tuesday, November 12, 2024, at 2:55 PM CT (3:55 PM ET). The presentation will be accessible via live webcast in the 'Investors' section of the company's website, with a replay available for 30 days following the event.
Stanley Black & Decker (NYSE: SWK) reported Q3 2024 financial results with revenues of $3.8 billion, down 5% year-over-year. The company saw gross margin improvement to 29.9%, up 310 basis points, while adjusted gross margin reached 30.5%. GAAP EPS was $0.60, and adjusted EPS was $1.22. The company generated $286 million in operating cash flow and approximately $200 million in free cash flow. Management narrowed 2024 guidance, with GAAP EPS expected between $1.15-$1.75 and adjusted EPS between $3.90-$4.30. The company continues to execute its cost reduction program, targeting $2 billion in pre-tax run-rate savings by end of 2025.
Stanley Black & Decker (NYSE: SWK) has elected John L. Garrison, Jr. to its Board of Directors. Garrison, former Chairman, President, and CEO of Terex , brings over 30 years of experience in executing multi-level transformations across various industries. His expertise in developing financial and human capital strategies aligns with the company's focus on accelerating organic growth and margin expansion.
Garrison's career includes leadership roles at Bell Helicopter, E-Z-GO, Azurix , and Case He also served in the U.S. Army and taught at West Point. Currently, he serves on the Flowserve Board, chairing the Organization and Compensation Committee.
Stanley Black & Decker, founded in 1843, is a global leader in Tools and Outdoor, with approximately 50,000 employees worldwide. The company's portfolio includes trusted brands such as DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, and Cub Cadet.
Stanley Black & Decker (NYSE: SWK), a global leader in Tools and Outdoor, has announced its fourth quarter cash dividend for 2024. The company's Board of Directors has approved a regular dividend of $0.82 per common share. This decision maintains SWK's record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend will be paid on December 17, 2024, to shareholders of record as of the close of business on November 29, 2024.
Stanley Black & Decker's (NYSE: SWK) outdoor power equipment brands Hustler®, Cub Cadet®, and DEWALT® are showcasing their products at Equip Expo 2024 in Louisville, Kentucky. The event, running from Oct. 15-18, features industry-leading innovations and best-in-class solutions for the professional landscape community.
Highlights include:
- Hustler's 60th anniversary celebration and new product lineup
- Cub Cadet's PRO X Series™ and PRO Z Series™ commercial mowers
- DEWALT's upcoming line of electric handheld products for commercial landscapers
The company also announced a partnership with Whisper Aero, Inc. to integrate WhisperDrive™ technology into their product portfolio, addressing the need for quiet yet powerful equipment.
CRAFTSMAN® has expanded its V20* BRUSHLESS RP™ power tool line, introducing new products designed for enhanced runtime and performance. The additions include a drill/driver, hammer drill, impact driver, screwdriver, 2-tool combo kit, and circular saw. These tools are engineered to provide more power and efficiency for various DIY projects.
Key features of the new products include:
- Drill/Driver Kit: Up to 60% more power and 34% faster drilling
- Hammer Drill: 34% faster drilling with up to 2,000 no-load RPM
- Impact Driver: Up to 55% faster driving and 24% more runtime
- Screwdriver: Drives up to 560 fasteners per charge
- Circular Saw: Delivers up to 4,500 no-load RPM for efficient cutting
Additionally, CRAFTSMAN CLUB® members can receive a free 4Ah battery with a $149+ purchase of qualifying CRAFTSMAN® products until October 31, 2024.
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