Event Overview - DEWALT, a Stanley Black & Decker brand, showcased an electrifying activation on the exterior of Sphere in Las Vegas during the World of Concrete event [1][2] - The activation featured drones and was visible from various points across the city, highlighting the brand's new "Built for the Unbreakable" campaign [2][3][6] Campaign Details - The "Built for the Unbreakable" campaign celebrates the strength and dedication of construction workers, with a focus on the 12 million workers in the US construction industry [2][4] - The campaign utilized a drone-powered display to showcase the impact of construction workers on job sites [2][6] Product Spotlight - DEWALT highlighted its award-winning POWERSHIFT™ system, which optimizes workflow on concrete job sites and has been recognized as one of the most anticipated innovations in the industry [4][5][8] - The POWERSHIFT™ system reduces CO2e emissions by up to 60% compared to gas-powered equipment, aligning with government mandates for gas equipment compliance [8] Industry Impact - The DEWALT POWERSHIFT™ system was named one of TIME's Best Inventions and Popular Science's greatest innovations of 2024, setting a new standard for electrification in the concrete industry [8] - The system includes a range of cordless equipment such as vibrators, power screeds, and core drills, now available in North America [8] Brand Engagement - DEWALT's activation on Sphere's Exosphere is part of a broader strategy to engage consumers and showcase the brand's commitment to innovation in the construction industry [5][7] - Last year's activation, which focused on the launch of the POWERSHIFT™ system, set records for stakeholder engagement through in-person views and social media interactions [7]

2025 DEWALT Power Pulse Survey finds increasing readiness for electrification with 66% of construction managers and 59% of skilled workers surveyed saying complete electrification on jobsites may be just two years away Join DEWALT and industry influencers Kiefer Limeback (toolaholic) and Brent Langstaff (concrete.by.design) at World of Concrete on Jan. 22 for a panel discussion exploring future trends and innovations in construction Experience the industry-acclaimed DEWALT POWERSHIFT™ system, showcased alo ...

Cost Reduction and Margin Improvement - The company's cost-reduction program, initiated in mid-2022, has generated approximately $1.4 billion in pre-tax run-rate savings and reduced inventory by over $2 billion [1][2] - The program aims to achieve $2 billion in pre-tax run-rate savings by the end of the year, with a long-term adjusted gross margin target of over 35% [2] Divestment and Debt Reduction - The company divested its STANLEY Infrastructure business for $760 million in April 2024 to focus on core operations and reduce debt [3] - This divestment supports the company's capital-allocation priorities and debt reduction efforts [3] Shareholder Rewards - The company allocated $367.2 million for dividend payouts in the first nine months of 2024, reflecting a 1.8% year-over-year increase [4] - The quarterly dividend was increased by 1 cent to 82 cents per share in July 2024 [4] Market Challenges - The company faces lower demand in the consumer outdoor and do-it-yourself markets, particularly in the power tools business due to industrial sector slowdowns [5] - The automotive end market is weakening, driven by challenges in global automotive OEM light vehicle production [5] Financial Performance and Debt Concerns - The company's shares declined by 5% in the past month, compared to the industry's 7.8% decline [7] - Long-term debt stood at $5.6 billion at the end of Q3 2024, with current maturities of $500.2 million and cash equivalents of $298.7 million, lower than short-term borrowings of $387.4 million [7] Industry Stock Picks - Generac Holdings (GNRC) has a Zacks Rank of 1 (Strong Buy) with a trailing four-quarter average earnings surprise of 10.8% and a 0.6% increase in 2024 earnings consensus estimates over the past 60 days [8] - Alarm.com Holdings (ALRM) holds a Zacks Rank of 2 (Buy) with a trailing four-quarter average earnings surprise of 19.6% and a 7.2% increase in 2024 earnings consensus estimates over the past 60 days [10] - Applied Industrial Technologies (AIT) carries a Zacks Rank of 2 with a trailing four-quarter average earnings surprise of 5% and a 0.2% increase in 2024 earnings consensus estimates over the past 60 days [10]

NEW BRITAIN, Conn., Dec. 19, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) will broadcast its fourth quarter and full year 2024 earnings webcast on Wednesday, February 5, 2025. The webcast will begin at 8:00AM ET.A news release outlining the financial results will be distributed before the market opens on Wednesday, February 5, 2025. 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 ...

DEWALT is the only tool manufacturer represented in Popular Science's 2024 Best of What's New Awards; this marks the sixth industry accolade DEWALT POWERSHIFT™ has received since its unveiling at World of Concrete in January 2024TOWSON, Md., Dec. 18, 2024 /PRNewswire/ -- DEWALT, a Stanley Black & Decker (NYSE: SWK) brand and leader in total jobsite solutions, today announced that the DEWALT POWERSHIFT™ system has been named one of the 50 greatest innovations in 2024 by Popular Science's Best of What's New A ...

Cost Reduction and Profitability - The company has implemented a multi-year global cost-reduction program aimed at resizing the organization, reducing inventory, and optimizing the supply chain to improve profitability and support long-term growth [1] - The program has generated approximately $1.4 billion in pre-tax run-rate savings and reduced inventory by over $2 billion since its inception in mid-2022 [2] - The company expects to achieve $2 billion in pre-tax run-rate cost savings by the end of 2025 and aims for an adjusted gross margin of over 35% in the long term [2] Strategic Acquisitions - The company acquired two major providers of outdoor power equipment (MTD Holdings and Excel Industries) for $1.9 billion in December 2021, enhancing its cordless electric outdoor power equipment offerings [3] - These acquisitions strengthen the company's position in the outdoor products market, which is valued at approximately $25 billion, driven by the growing popularity of home and outdoor products and electrification trends [3] Shareholder Returns - The company paid $367.2 million in dividends in the first nine months of 2024, a 1.8% year-over-year increase, and repurchased shares worth $10 million during the same period [4] - In July 2024, the company increased its dividend by $0.01 to $0.82 per share, resulting in an annual dividend of $3.28 per share [4] Market Challenges - The Tools & Outdoor segment is facing weakness due to a soft DIY market and declining demand for power tools [5] - The Industrial segment is experiencing challenges due to the divestiture of the infrastructure business and softness in the automotive end market, driven by headwinds in global automotive OEM light vehicle production and constrained capex spending [5] Rising Expenses - The company is dealing with escalating expenses as it increases investments in innovation and growth initiatives, leading to higher SG&A expenses [6] - In the first nine months of 2024, SG&A expenses rose by approximately 1% year-over-year and increased by 90 basis points as a percentage of total revenues, reaching 21.2% [6] Stock Performance - The company's stock has declined by 14.9% over the past year, underperforming the industry's 3.5% growth [6]

Stanley Black & Decker (SWK 0.11%) is a tool-maker titan. It owns well-known brands DeWalt, Craftsman, Irwin, and LENOX, and, of course, Stanley and Black & Decker. But the stock has been in the doghouse. It's down 61.7% from its all-time high (reached in 2021) and up less than 21% from its 10-year low reached on March 19, 2020, during the height of the COVID-19-induced stock market plunge.The sell-off may come as a surprise, since Stanley Black & Decker is a Dividend King with a 3.9% yield and 56 consecuti ...

NEW BRITAIN, Conn., Dec. 5, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK), a leading manufacturer of outdoor power equipment, wants to help property owners gear up for winter with snow removal tips and product recommendations from its iconic DEWALT®, CRAFTSMAN®, Cub Cadet®, and Troy-Bilt® brands.Experience the full interactive Multichannel News Release here: https://www.multivu.com/stanley-black-and-decker/9238156-en-stanley-black-and-decker-snow-removal-tips DEWALT® 21'' 208cc Single Stage Au ...

Stanley Black & Decker, Inc. (NYSE:SWK) Goldman Sachs Industrials and Materials Conference December 4, 2024 10:00 AM ET Company Participants Pat Hallinan - EVP, Chief Financial Officer Dennis Lange - Investor Relations Conference Call Participants Joe Ritchie - Goldman Sachs Joe Ritchie Good to see you guys. So our next fireside chat, we're really happy to have Stanley Black & Decker. We have Pat Hallinan, EVP and Chief Financial Officer as well as Dennis Lange, who runs Investor Relations. Pat, I think you ...

UBS Global Industrials and Transportation Conference P a t H a l l i n a n | E V P & C F O D e c e m b e r 3 , 2 0 2 4 StanleyBlack&Decker For those who make the world." Cautionary Statement This Presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All such statements other than statements of historical fact are "forward-looking statements" for purposes of federal an ...