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 the election of Jane Palmieri, President of Industrial Intermediates & Infrastructure for Dow, and Mojdeh Poul, Executive Vice President of 3M's Health Care Business Group, to its Board of Directors. The Chairman, George W. Buckley, highlighted their extensive global experience and leadership in engineering as assets to the company. This move aims to bolster the board's focus on ESG, health, and safety, while advancing the company’s long-term growth and financial performance objectives.
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Stanley Black & Decker (NYSE: SWK) will host a virtual presentation at the Barclays Industrial Select Conference on February 16, 2021, at 12:10 PM ET. The presentation will be led by Don Allan, Executive Vice President and CFO. Investors can access the live webcast via the Investors section of the company's website, with a replay available for 30 days post-event. Stanley Black & Decker, a major player in the hand and power tools industry, emphasizes its commitment to delivering quality and innovation across various sectors.
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Stanley Black & Decker (NYSE: SWK) is excited to kick off the 2021 NASCAR season, continuing its partnership with Joe Gibbs Racing for the seventh year. The lineup features drivers Christopher Bell, Martin Truex Jr., and Kyle Busch representing brands like DEWALT and CRAFTSMAN throughout the season. Key races include the Daytona 500 on February 14, where Bell will drive the #20 DEWALT Toyota Camry. The partnership also supports community initiatives like the Racing for a Miracle program, which contributed $100,000 to Children's Miracle Network Hospitals in 2020.
Stanley Black & Decker (NYSE: SWK) reported strong Q4 and full-year 2020 results. Q4 revenues reached $4.4 billion, a 19% increase year-over-year, driven by 16% organic growth. Gross margin was 35.6%, up 390 basis points, while diluted EPS was $3.29, marking a 51% rise. Full-year revenue totaled $14.5 billion, up 1%, supported by a robust second half. Free cash flow hit a record $1.7 billion, up 55%. For 2021, the company projects diluted EPS between $9.15 and $9.85 and anticipates positive organic growth.
Stanley Black & Decker (NYSE: SWK) has announced a first-quarter dividend of $12.50 per preferred share on its Series C Cumulative Perpetual Convertible Preferred Stock. The dividend will be paid on February 15, 2021, to shareholders recorded by the end of February 12, 2021. This decision highlights the company's commitment to returning value to its shareholders. Stanley Black & Decker, an S&P 500 company, operates as a diversified provider of tools, security solutions, and healthcare products.
Stanley Black & Decker (NYSE: SWK) upgraded its 2020 planning assumptions, expecting fourth quarter organic growth to approach 10% (up from 3%-5%). The full year operating margin dollar growth is projected at 7%-9% compared to 2019, surpassing previous mid-single digit expectations. Free cash flow is now estimated to exceed $1 billion, exceeding prior estimates of $800-$900 million. These revisions stem from strong demand in Tools and Storage across North America, Europe, and emerging markets, alongside robust performance in Engineered Fastening.
Stanley Black & Decker (NYSE: SWK) has achieved recognition from the environmental non-profit CDP, making its 'A List' for corporate sustainability for the third consecutive year. The company has been acknowledged for its leadership in tackling climate change and protecting water security. With a total of seven Climate A List and four Water A List distinctions, the firm is committed to a sustainable future, aligned with the United Nations' 2030 Sustainable Development Goals. By 2030, it aims to empower 10 million creators, enhance the lives of 500 million people, and achieve carbon positivity.
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