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.
STANLEY, a Stanley Black & Decker brand, released a survey revealing that many residential trade professionals consider their tape measure more essential than their phone, wallet, or keys. Conducted with 1,003 contractors, the survey found 75% use their tape measure over five times daily, and 42% prioritize it over their phone. Additionally, 44% would forgo their morning coffee before their tape measure. The findings coincide with National Tape Measure Day on July 14, emphasizing the critical role tape measures play in the trade industry. STANLEY manufactures 30 million tape measures annually and celebrates the day with a giveaway on Instagram.
The survey revealed that tape measures are often misplaced, with 28% of professionals misplacing theirs up to three times a day. Most pros own multiple tape measures to counter this. Different tape measures are used for various tasks, with length and reach being key features. STANLEY, a pioneer since 1930, continues to innovate with products like the ControlLock™, FATMAX®, and POWERLOCK® tape measures.
Stanley Black & Decker's CRAFTSMAN brand, together with the Ace Hardware Foundation and Joe Gibbs Racing, is supporting the 18th Annual Racing for a Miracle program benefiting Children's Miracle Network (CMN) Hospitals. This year, ten children from Ann & Robert H. Lurie Children's Hospital in Chicago will join NASCAR driver Christopher Bell as honorary junior crew members. Their artwork will be featured on Bell's No. 20 car for the Chicago Street Race on July 7. CRAFTSMAN will donate $100,000 to CMN Hospitals, and Ace Hardware will offer 20% discounts on over 90 CRAFTSMAN products, with 10% of the sales going to local CMN Hospitals.
Over the past 18 years, Stanley Black & Decker has contributed over $1.8M to the program. The celebratory tailgate event will take place on July 2 at Ace Hardware's headquarters, featuring TV personalities Cristy Lee and Lou Manfredini. The event will also unveil Bell's car's new paint scheme designed by the junior crew members.
Stanley Black & Decker (NYSE: SWK) will release its second quarter 2024 earnings on Tuesday, July 30, 2024. A webcast will be held at 8:00 AM ET to discuss the results. The accompanying slide presentation will be available on their Investor Relations page.
A news release detailing the financial results will be distributed before the market opens. The live webcast and teleconference details, along with the slide presentation, can be accessed through the 'Investors' section on Stanley Black & Decker's website. A replay of the webcast will be available two hours after the call.
DEWALT, a brand of Stanley Black & Decker (NYSE: SWK), announced the recipients of its 2024 DEWALT Trades Scholarship, awarding $200,000 to 40 students from the U.S. and Canada. These scholarships support education in trades such as carpentry and welding. The initiative is part of DEWALT's Grow The Trades program, a $30 million commitment to address the skilled trades gap in the U.S. Over the past years, DEWALT has awarded over $850,000 in scholarships. High school seniors attending trade schools are encouraged to post their decisions on social media using #tradeproud starting June 1.
Stanley Black & Decker’s CRAFTSMAN brand has expanded its V20 cordless battery system with new tools. Announced on May 30, 2024, the new products include a belt sander, cut-off tool, powerfile, mosquito repellent, 2-in-1 scrubber kit, and a 12-inch chainsaw kit. These additions aim to enhance versatility and performance, allowing users to handle various tasks with one battery platform. Notable features include a brushless motor in the belt sander and cut-off tool, and a 20-ft zone of protection in the mosquito repellent. The products are available both in stores and online.
DEWALT, a Stanley Black & Decker brand, has announced the release of its new TOUGHSERIES™ Construction Jack (DWHT83550) on May 23, 2024. This heavy-duty, hands-free lifting tool can lift up to 340 lbs and has a lift height of 8-3/4 inches. It's designed to assist a single worker in performing demanding tasks like lifting, leveling, and installing. Key features include a step-to-lift function, precision lowering tab, quick release button, slim tapered base, and an ergonomic handle. The new product will be available in June where DEWALT products are sold.
Stanley Black & Decker (NYSE: SWK) celebrates DEWALT's 100th anniversary by ringing the NYSE Opening Bell. The event honors over 1,000 New York City tradespeople with breakfast, coffee, and DEWALT gear. DEWALT will also donate $100,000 in tools to local training centers, including the New York City District Council of Carpenters Training Center and UA Local Union No. 1 Plumbers & Gas-Fitters Training Center. New York Giants Quarterback Tommy DeVito and former NFL Quarterback Boomer Esiason will join the celebration. Additionally, DEWALT has opened applications for its 2024 Grow the Trades Grant program, part of a $30 million commitment over five years to support tradespeople, and will start accepting applications in September for its annual Trades Scholarship.
Stanley Black & Decker (NYSE: SWK) has announced upcoming presentations at investor conferences by their Executive Vice President and CFO. The company is a global leader in Tools and Outdoor products, with a diverse portfolio of brands like DEWALT®, CRAFTSMAN®, and STANLEY®. The webcasts will be available on the company's website for replay.
Stanley Black & Decker reported first quarter 2024 financial results, with revenues of $3.9 billion, down 2% versus the prior year. The first quarter gross margin expanded by 740 basis points versus the prior year. The company reiterated its 2024 full year guidance and expects GAAP EPS of $1.60 to $2.85, adjusted EPS of $3.50 to $4.50, and free cash flow of $0.6 billion to $0.8 billion. The Global Cost Reduction Program is on track to deliver pre-tax run-rate savings of $1.5 billion by end of 2024 and $2 billion by end of 2025, with $145 million in incremental pre-tax run-rate cost savings generated in the first quarter of 2024.
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