PR Newswire
NEW BRITAIN, Conn., Nov. 21, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) invites investors and the general public to listen to webcasts of presentations by Pat Hallinan, Executive Vice President and CFO, at the following investor conferences:
UBS Global Industrials and Transportation Conference in Palm Beach, FL on Tuesday, December 3, 2024, at 12:10 PM ET.Goldman Sachs Industrials and Materials Conference in New York, NY on Wednesday, December 4, 2024, at 10:00 AM ET.The live webcasts will be available in the "Investors" section of the company's website at www.stanleyblackanddecker.com/investors. A replay of the webcasts will be provided on the website and will be available for 30 days.
NEW BRITAIN, Conn., Nov. 20, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK), today hosted its 2024 Capital Markets Day with investors at the New York Stock Exchange and via live webcast.
At the event, members of Stanley Black & Decker's leadership team provided an update on the Company's strategic imperatives and how its strategy is designed to deliver the Company's long-term earnings potential.
Key Takeaways From Capital Markets Day
The path to successfully completing the strategic transformation, through which it believes it has established a solid foundation for growth.The actions it is taking to deliver on its priorities of operational excellence, market share growth and balance sheet health.Its vision for a multi-year roadmap designed to accelerate organic growth* and achieve sustainable 35%+ adjusted gross margins* to deliver a compelling shareholder value creation opportunity.NEW BRITAIN, Conn., Nov. 18, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today debuted its 2024 "Hosting for the Holidays" Product Guide, an interactive experience for holiday hosts preparing their homes for the season.
TOWSON, Md., Nov. 7, 2024 /PRNewswire/ -- DEWALT, a Stanley Black & Decker (NYSE: SWK) brand and leader in total jobsite solutions, today announced the DEWALT POWERSHIFT™ System has been named as one of TIME's Best Inventions of 2024, an award that honors groundbreaking inventions that are changing how we live, work, play, and think about what's possible. The award recognizes the DEWALT POWERSHIFT™ System in the sustainability category. The DEWALT POWERSHIFT™ Cordless Equipment System can produce up to 60% less CO2e emissions during use versus gas-powered equipment.* DEWALT is the only tool manufacturer represented in TIME's Best Inventions of 2024.
NEW BRITAIN, Conn., Nov. 6, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) invites investors and the general public to listen to a webcast of a presentation by Pat Hallinan, Executive Vice President and CFO, at the Baird 2024 Global Industrial Conference in Chicago, IL on Tuesday, November 12, 2024 at 2:55 PM CT (3:55 PM ET).
The live webcast will be available in the "Investors" section of the company's website at www.stanleyblackanddecker.com/investors. A replay of the webcast will be provided on the website and will be available for 30 days.
Third Quarter Gross Margin Up Versus Prior Year as Supply Chain Transformation Continues Driving Margin Expansion
Strong Third Quarter Cash Generation Supports Ongoing Capital Allocation Priorities Focused on Shareholder Dividends and Further Debt Reduction
NEW BRITAIN, Conn., Oct. 29, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK), a worldwide leader in tools and outdoor, today announced third quarter 2024 financial results.
Third Quarter Revenues of $3.8 Billion, Down 5% Versus Prior Year as Growth in DEWALT Was Offset by Mixed End Market Demand; Infrastructure Divestiture Impacted Revenue Growth by -2%Third Quarter Gross Margin Was 29.9%, Up 310 Basis Points Versus Prior Year; Adjusted Gross Margin* Was 30.5%, Up 290 Basis Points Versus Prior YearThird Quarter GAAP EPS Was $0.60; Adjusted EPS* Was $1.22Third Quarter Cash From Operating Activities Was $286 Million and Free Cash Flow* Was Approximately $200 MillionNarrowing GAAP EPS Range to $1.15 to $1.75 (From $0.90 to $2.00) and Adjusted EPS* Range to $3.90 to $4.30 (From $3.70 to $4.50); Reiterating Free Cash Flow* of $650 Million to $850 MillionThe Company Will Host a Capital Markets Day on November 20, 2024 Additional Details Will Be Made Available on The Company's WebsiteNEW BRITAIN, Conn., Oct. 22, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced that John L. Garrison, Jr, former Chairman, President, and Chief Executive Officer of Terex Corporation has been elected to the company's Board of Directors.
Garrison has more than 30 years of experience successfully executing multi-level transformations in various industries.
"John is a highly accomplished executive with extensive experience leading large-scale and complex global operations," said Andrea J. Ayers, Stanley Black & Decker Chair. "John's track record of developing and implementing financial and human capital strategies and transforming processes to drive business outcomes and operational excellence makes him a great addition to the Board as the Company intensifies its focus on accelerating organic growth with margin expansion to drive long-term shareholder returns."
NEW BRITAIN, Conn., Oct. 22, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK), a worldwide leader in Tools and Outdoor, announced today that its Board of Directors approved a regular fourth quarter cash dividend of $0.82 per common share. This extends the company's record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday, December 17, 2024, to shareholders of record as of the close of business on Friday, November 29, 2024.
LOUISVILLE, Ky., Oct. 15, 2024 /PRNewswire/ -- Hustler®, Cub Cadet® and DEWALT®, three iconic outdoor power equipment brands from Stanley Black & Decker (NYSE: SWK), return to Equip Expo 2024 from Oct. 15-18 to showcase their selection of products, services and technologies. Held annually in Louisville, Kentucky, Equip Expo is one of the largest events for the professional landscape community.
TOWSON, Md., Oct. 14, 2024 /PRNewswire/ -- Stanley Black & Decker's iconic CRAFTSMAN® brand is adding several new additions to its V20* BRUSHLESS RP™ line of power tools designed to deliver more runtime and better performance‡. The latest additions include a drill/driver, hammer drill, impact driver, screwdriver, 2-tool combo kit and circular saw to help tackle those big DIY projects on your list, whether you're creating a feature wall, building a pergola, or refinishing furniture.
QUEENS, N.Y., Oct. 9, 2024 /PRNewswire/ -- As part of its 100th anniversary celebration, DEWALT, a Stanley Black & Decker brand (NYSE: SWK), today thanked 1,700 trades professionals working on the historic transformation of John F. Kennedy International Airport (JFK). The celebration took place on the birthday of the company's "original pro", Raymond DeWalt, whose forward-looking vision resulted in the founding of DEWALT.
Get your game on with CRAFTSMAN tailgating tips and must-have gear for everything from parking lot parties to backyard barbecues
TOWSON, Md., Oct. 3, 2024 /PRNewswire/ -- According to The American Tailgater Association (ATA), approximately 20 to 50 million people tailgate each year. As the season for tailgating kicks-off this fall, Stanley Black & Decker's iconic CRAFTSMAN® brand is sharing tips and must-have gear recommendations to elevate your next outdoor gathering.
HESSTON, Kan., Oct. 3, 2024 /PRNewswire/ -- Hustler®, a Stanley Black & Decker (NYSE: SWK) brand, is celebrating its 60th anniversary as a pioneer in the lawncare industry, beginning with its introduction of the world's first twin-lever zero-turn mower in 1964. Since then, Hustler has expanded its product line with hardworking, reliable products developed for today's landscape professionals.
EAST RUTHERFORD, N.J., Sept. 25, 2024 /PRNewswire/ -- As part of its centennial anniversary, DEWALT®, a Stanley Black & Decker brand (NYSE: SWK), will celebrate the pros on the jobsite and on the field when the New York Giants play at home on Sunday, October 20, at MetLife Stadium. As the Presenting Sponsor, at the game, DEWALT will host 100 current and future skilled workers, as well as those who serve the trades, to thank them for their contributions and the impact they have made in helping to build our world.
NEW BRITAIN, Conn., Sept. 24, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) will broadcast its third quarter 2024 earnings webcast on Tuesday, October 29, 2024. The webcast will begin at 8:00AM ET.
A news release outlining the financial results will be distributed before the market opens on Tuesday, October 29, 2024. A slide presentation which will accompany the call will be available at www.stanleyblackanddecker.com/investors and will remain available after the call.
The call will be available through a live, listen-only webcast or teleconference. Links to access the webcast, register for the teleconference, and view the accompanying slide presentation will be available on the "Investors" section of Stanley Black & Decker's website, www.stanleyblackanddecker.com/investors under the subheading "News & Events." A replay will also be available two hours after the call and can be accessed on the "Investors" section of Stanley Black & Decker's website.
TOWSON, Md., Sept. 20, 2024 /PRNewswire/ -- Today, in honor of National Tradesperson Day, DEWALT, a Stanley Black & Decker (NYSE: SWK) brand and leader in total jobsite solutions, announced it is awarding 166 organizations with nearly $4 million in Grow the Trades Grants. The Grow the Trades Grant program is part of DEWALT's $30 million commitment by 2027 to close the skilled trades gap by helping provide greater accessibility and resources for trades training. In addition, DEWALT is also encouraging high school seniors planning to enroll at an accredited two-year college, apprentice program or vocational technical school to apply to the 2025 DEWALT Trades Scholarship.
TOWSON, Md., Sept. 16, 2024 /PRNewswire/ -- According to a CRAFTSMAN® survey, 36% of Americans say their garage is so cluttered, they can no longer park vehicles inside. Yet, more than 75% of homeowners believe their garage could become the most productive space in their house1. To help plan and organize your dream garage this fall, CRAFTSMAN®, Stanley Black & Decker's iconic brand is giving homeowners the opportunity to transform their garage through its Ultimate Garage Giveaway. Now through November 1, fans can enter for a chance to win $10,000 worth of select CRAFTSMAN products and a new Toyota Tacoma TRD Off-Road truck.
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