$1.8B CAM sale to cut debt at Stanley Black & Decker (NYSE: SWK)
Rhea-AI Filing Summary
Stanley Black & Decker has completed the sale of its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace for approximately $1.8 billion in cash. The company expects about $1.57 billion in net proceeds after taxes and fees, which it plans to use to reduce debt.
Management says this divestiture sharpens the focus on core Tools and Outdoor businesses and supports its capital allocation strategy. The company aims to use the debt reduction to move its leverage toward a target of around 2.5 times net debt to adjusted EBITDA by year end, while emphasizing ongoing portfolio management and shareholder value creation.
Positive
- Deleveraging with cash proceeds: The company expects about $1.57 billion in net cash from the CAM sale, which it plans to use to reduce debt and move leverage toward a target of roughly 2.5x net debt to adjusted EBITDA by year end.
Negative
- None.
Insights
Large CAM sale funds debt reduction and supports leverage goals.
Stanley Black & Decker closed the sale of its CAM aerospace fasteners business to Howmet Aerospace for about $1.8 billion in cash, with expected net proceeds of roughly $1.57 billion. Management plans to apply these proceeds directly to debt reduction.
This aligns with the company’s stated portfolio focus on core Tools and Outdoor and a more "dynamic" capital allocation strategy. Reducing debt using cash proceeds, rather than operating cash alone, can accelerate balance-sheet repair and potentially lower interest expense, though exact savings are not detailed here.
The company targets a leverage level of around 2.5% times net debt to adjusted EBITDA by year end, tying the transaction to a clear balance-sheet objective. Future updates in SEC filings and earnings reports will clarify how quickly leverage approaches that target and how capital is redeployed once the balance sheet is stronger.
8-K Event Classification
Key Figures
Key Terms
net proceeds financial
net debt to adjusted EBITDA financial
capital allocation strategy financial
forward-looking statements regulatory
active portfolio management financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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| Item 7.01. | Regulation FD Disclosure. |
On April 6, 2026, Stanley Black & Decker, Inc. (the “Company”), completed the previously announced sale of Consolidated Aerospace Manufacturing, LLC, a wholly owned subsidiary of the Company, to Howmet Aerospace Inc. for approximately $1.8 billion in cash (the “Transaction”). A copy of the Company’s press release announcing the closing of the Transaction is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Cautionary Note Regarding Forward-Looking Statements
Stanley Black & Decker makes forward-looking statements in this press release which represent its expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “will,” “may” and other similar expressions. In addition, any statements that refer to expectations, projections, proceeds or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements made in this press release, include, but are not limited to, statements concerning: the Company’s ability to maximize value to shareholders through active portfolio management and capital allocation; the impact of the transaction to fund debt reduction and achieve target leverage ratios within the time period estimated; the Company’s capital allocation strategy; and taxes.
You are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are not guarantees of future events and involve risks, uncertainties and other known and unknown factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by such forward-looking statements, including, but not limited to, the failure to realize the expected benefits of the Company’s value creation, reduce debt, achieve leverage ratio goals or undertake capital allocation strategies.
Forward-looking statements made herein are also subject to risks and uncertainties, described in Stanley Black & Decker’s 2025 Annual Report on Form 10-K and other filings Stanley Black & Decker makes with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. Stanley Black & Decker makes no commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement.
| Item 9.01. | Financial Statement. |
(d) Exhibits:
| Exhibit |
Description | |
| 99.1 | Press release dated April 6, 2026, issued by Stanley Black & Decker, Inc. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Stanley Black & Decker, Inc. | ||||||
| April 6, 2026 | By: | /s/ Francesca Campbell | ||||
| Name: | Francesca Campbell | |||||
| Title: | Senior Vice President, General Counsel & Secretary | |||||
Exhibit 99.1
Stanley Black & Decker Completes Sale of Consolidated Aerospace Manufacturing Business to Howmet Aerospace
Transaction Increases Financial Flexibility to Pursue More Dynamic Capital Allocation Strategy for Shareholder Value Creation
New Britain, Connecticut, April 6, 2026… Stanley Black & Decker (NYSE: SWK) today announced that it has completed the previously announced sale of its Consolidated Aerospace Manufacturing (“CAM”) business to Howmet Aerospace for approximately $1.8 billion in cash. Stanley Black & Decker expects to utilize the net proceeds from the transaction of approximately $1.57 billion (net of taxes and fees) to reduce debt.
Chris Nelson, Stanley Black & Decker’s President & CEO, commented, “The successful sale of CAM further focuses our portfolio on our core businesses. The proceeds from this transaction are expected to significantly reduce our debt, positioning us to achieve our target leverage ratio of at or around 2.5 times net debt to adjusted EBITDA by year end, and enabling additional capital allocation opportunities. We remain committed to disciplined capital allocation and accelerating value creation for our shareholders.”
“We would also like to recognize the CAM team for their dedication and outstanding contributions, which have been instrumental to our business success. As they now embark on their next chapter with Howmet Aerospace, we are confident they will continue to set new standards of excellence and continue to drive meaningful impact.”
About Stanley Black & Decker
Founded in 1843 and headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is a worldwide leader in Tools and Outdoor, operating manufacturing facilities globally. The Company’s approximately 43,500 employees produce innovative end-user inspired power tools, hand tools, storage, digital jobsite solutions, outdoor and lifestyle products, and engineered fasteners to support the world’s builders, tradespeople and DIYers. The Company’s world class portfolio of trusted brands includes DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet®. To learn more visit: www.stanleyblackanddecker.com or follow Stanley Black & Decker on Facebook, Instagram, LinkedIn and X.
| Investor Contacts | ||
| Michael Wherley | Christina Francis | |
| Vice President, Investor Relations | Senior Director, Investor Relations | |
| michael.wherley@sbdinc.com | christina.francis@sbdinc.com | |
| (860) 827-3833 | (860) 438-3470 | |
Media Contact
Debora Raymond
Vice President, Public Relations
debora.raymond@sbdinc.com
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Cautionary Note Regarding Forward-Looking Statements
Stanley Black & Decker makes forward-looking statements in this press release which represent its expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “will,” “may” and other similar expressions. In addition, any statements that refer to expectations, projections, proceeds or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements made in this press release, include, but are not limited to, statements concerning: the Company’s ability to maximize value to shareholders through active portfolio management and capital allocation; the impact of the transaction to fund debt reduction and achieve target leverage ratios within the time period estimated; the Company’s capital allocation strategy; and taxes.
You are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are not guarantees of future events and involve risks, uncertainties and other known and unknown factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by such forward-looking statements, including, but not limited to, the failure to realize the expected benefits of the Company’s value creation, reduce debt, achieve leverage ratio goals or undertake capital allocation strategies.
Forward-looking statements made herein are also subject to risks and uncertainties, described in Stanley Black & Decker’s 2025 Annual Report on Form 10-K and other filings Stanley Black & Decker makes with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. Stanley Black & Decker makes no commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement.