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 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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