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 virtual presentation at the Baird 2020 Global Industrial Conference on November 10, 2020, at 9:05 AM ET. The presentation will feature Don Allan, Executive Vice President and CFO, and will be 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 provider of tools, security solutions, and fastening systems, listed on the S&P 500.
Stanley Black & Decker (NYSE: SWK) announced the pricing of its offering of $750 million in 2.750% Notes due 2050, priced at 99.735% of par. The offering is anticipated to close on November 2, 2020.
Net proceeds are expected to be approximately $739.5 million, intended for redeeming 3.40% Notes due 2021 and 2.90% Notes due 2022. Major financial institutions, including Barclays and Goldman Sachs, are managing the offering.
Stanley Black & Decker (NYSE: SWK) reported 3Q 2020 revenues of $3.9 billion, marking a 6% increase from the prior year, primarily driven by an 11% organic growth in the Tools & Storage segment. Gross margin improved to 35.7%, with operating margins reaching a record 17.7%, boosted by effective cost management. The company achieved a diluted EPS of $2.44, increasing to $2.89 when excluding charges, a 36% rise year-over-year. Free cash flow totaled $615 million for the quarter. Anticipated strong operating results continue into 4Q 2020.
Stanley Black & Decker (NYSE: SWK) has announced a $0.70 cash dividend per share for the fourth quarter, continuing its record of consecutive annual and quarterly dividend payments among industrial companies on the NYSE. This dividend is payable on December 15, 2020 to shareholders who are on record as of the close of business on December 1, 2020. The company operates as a diversified provider of tools and security solutions, contributing to its robust market position.
On October 13, 2020, Stanley Black & Decker (NYSE: SWK) announced a $12.50 dividend on its Series C Cumulative Perpetual Convertible Preferred Stock for the fourth quarter. The payment date is set for November 16, 2020, for shareholders on record as of November 13, 2020. As an S&P 500 company, Stanley Black & Decker is recognized as a leading global provider of tools and related solutions. This dividend reflects the company's commitment to providing value to its shareholders.
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Stanley Black & Decker's CRAFTSMAN brand has partnered with Ace Hardware Foundation and NASCAR driver Erik Jones to support Children's Miracle Network Hospitals (CMN). As part of the 14th annual Racing for a Miracle program, they will donate $100,000 to benefit CMN Hospitals. Four children from Levine Children's Hospital helped design the race car's paint scheme. Despite COVID-19 limits, the kids enjoyed virtual experiences. Over 14 years, the program has raised $1.4 million for CMN Hospitals. The Ace Foundation will direct $25,000 of the donation to Levine Children's Hospital.
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Stanley Black & Decker (NYSE: SWK) will host its third quarter 2020 earnings conference call on October 27, 2020, at 8:00 AM ET. A news release detailing financial results will precede the market opening on the same day. Accompanying slide presentation material will be available on their website. The conference call will be accessible via live webcast and telephone, with a replay offered two hours after the event. Stanley Black & Decker is a global provider of tools and security solutions.
Stanley Black & Decker (NYSE: SWK) will present at the Morgan Stanley Virtual 8th Annual Laguna Conference on September 17, 2020, at 9:45 AM ET. The presentation will be led by Jim Loree, President and CEO, and will be accessible via a live webcast on the company's website. A replay will be available for 30 days following the event. Stanley Black & Decker is a leading global provider of tools, electronic security, and healthcare solutions.
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