The Zacks Manufacturing-Tools & Related Products industry has been grappling with persistent weakness in the manufacturing sector, declines in new orders and supply-chain disruptions. The shortage of skilled labor in the United States creates concerns for the industry. However, industry players' emphasis on cost-control initiatives and investments in product development have been enabling them to be competitive in the market. Stanley Black & Decker, Inc. (SWK) and Techtronic Industries Company Limited (TTND ...

Stanley Black & Decker, Inc. (SWK) is scheduled to release third-quarter 2024 results on Oct. 29, before market open.The Zacks Consensus Estimate for earnings has increased 1% in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 20.3%.The consensus estimate for this New Britain, CT-based tool maker’s revenues is pegged at $3.8 billion, indicating a decrease of 4.5% from the ...

Core Insights - Stanley Black & Decker has elected John L. Garrison, Jr. to its Board of Directors, bringing over 30 years of experience in executing multi-level transformations across various industries [1][2] - Garrison's extensive background includes leadership roles at Terex Corporation and Bell Helicopter, emphasizing his capability in managing large-scale global operations and driving operational excellence [1][2] - The company aims to accelerate organic growth and margin expansion to enhance long-term shareholder returns, aligning with Garrison's expertise in financial and human capital strategies [1] Company Overview - Stanley Black & Decker, founded in 1843 and headquartered in the USA, is a global leader in tools and outdoor products, employing approximately 50,000 individuals [3] - The company produces a wide range of innovative products, including power tools, hand tools, storage solutions, and outdoor lifestyle products, under trusted brands such as DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet® [3]

Group 1 - Stanley Black & Decker announced a regular fourth quarter cash dividend of $0.82 per common share [1] - This dividend extends the company's record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange [1] - The dividend is payable on December 17, 2024, to shareholders of record as of November 29, 2024 [1] Group 2 - Stanley Black & Decker, founded in 1843, is a global leader in Tools and Outdoor, with approximately 50,000 employees [3] - The company produces a range of products including power tools, hand tools, storage solutions, and outdoor products [3] - Its portfolio includes well-known brands such as DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet® [3]

Core Insights - Stanley Black & Decker's outdoor power equipment brands, Hustler, Cub Cadet, and DEWALT, are showcasing their products at Equip Expo 2024, highlighting their commitment to innovation and customer needs [1][2] Group 1: Product Innovations and Showcases - Hustler is celebrating its 60th anniversary and will showcase its current offerings, including the XRIDE™, Super 104™, and Super S™ models, along with a giveaway for a utility trailer loaded with Hustler units [3][4] - Cub Cadet is featuring the PRO X Series™ 654 commercial stand-on mower and the PRO Z Series™ zero-turn mowers, which include the category-exclusive Synchro-Steer™ technology [4] - DEWALT is presenting a new line of electric handheld products designed for commercial landscapers, emphasizing power and runtime without the noise and maintenance associated with gas-powered equipment [5][6] Group 2: Partnerships and Technological Advancements - Stanley Black & Decker has partnered with Whisper Aero, Inc. to integrate WhisperDrive™ technology into its product portfolio, addressing the demand for quieter yet powerful equipment [2] - Whisper Aero focuses on developing cleaner and quieter propulsion solutions, which aligns with Stanley Black & Decker's innovation strategy [8] Group 3: Event Details - Equip Expo 2024 is taking place from October 15-18 in Louisville, Kentucky, and attendees are invited to visit Booth 5116 to see product demonstrations and engage with the brands [1][7]

Product Launch - Stanley Black & Decker's CRAFTSMAN® brand has expanded its V20* BRUSHLESS RP™ line with new power tools including a drill/driver, hammer drill, impact driver, screwdriver, 2-tool combo kit, and circular saw [1] - The new V20* BRUSHLESS RP™ 1/2 in Drill/Driver Kit offers up to 60% more power and up to 34% faster drilling compared to previous models [2][3] - The V20* BRUSHLESS RP™ 4.5 in Circular Saw features a brushless motor delivering up to 4,500 no-load RPM for efficient cutting in tight spaces [2][3] Product Features - The V20* BRUSHLESS RP™ 1/2 in Hammer Drill can drill up to 34% faster with up to 2,000 no-load RPM [3] - The V20* BRUSHLESS RP™ Cordless 1/4-in Impact Driver provides up to 55% faster driving and up to 24% more runtime [3] - The V20* BRUSHLESS RP™ Screwdriver can drive up to 560 fasteners per charge with a motor that reaches up to 1,080 no-load RPM [3] - The V20* BRUSHLESS RP™ 2-Tool Combo Kit offers up to 60% more power and 1,800 in-lbs of max driving torque [3] Promotional Offer - CRAFTSMAN CLUB® members can receive a free 4Ah battery (estimated $119 value) with a purchase of $149 or more on select V20* products or mechanics tool sets from September 1, 2024, to October 31, 2024 [4][6] Company Background - CRAFTSMAN® is a trusted American brand since 1927, known for reliable, high-performance tools and equipment [10] - Stanley Black & Decker, founded in 1843, is a global leader in tools and outdoor products with a portfolio including DEWALT®, CRAFTSMAN®, and STANLEY® [11] Availability - The new CRAFTSMAN® V20* BRUSHLESS RP™ products are available in stores and online where CRAFTSMAN® products are sold [5]

The brand revolutionized the lawncare industry when it introduced the world's first twin-lever zero-turn lawn mower in 1964 Since then, Hustler has established itself as an innovative leader in the professional landscape industry Hustler will commemorate the milestone at this year's Equip Expo, which will include the Hustler Mentality trailer giveaway HESSTON, Kan., Oct. 3, 2024 /PRNewswire/ -- Hustler®, a Stanley Black & Decker (NYSE: SWK) brand, is celebrating its 60th anniversary as a pioneer in the lawn ...

"As the industry grapples with how to fill the 500,000 open construction jobs nationwide, DEWALT is committed to doing its part to fill these critical roles by supporting organizations who share our commitment to empower the next generation of tradespeople," said Frank Mannarino, President and General Manager of DEWALT. "Our Grow the Trades program funds vocational training and reskilling programs in construction to develop a strong pipeline of talent for the skilled trades." 2024 Recipient Spotlights This ...

DEWALT unveils the 20V MAX* GRABO Lifter boasting a lift-load capacity of up to 265 lbs. max in horizontal lifting, carrying and installing heavy construction materials across all trades The IMPACT CONNECT™ System expands with new Inside Pipe Cutter, Nut Runner, and PEX Crimper & Pincher Attachments for mechanical, electrical, and plumbing professionals Joining the DEWALT TOUGHSERIES™ lineup are new mechanics tool sets and wrench sets featuring powerjaw technology as well as 144-tooth Count Quick Release Ra ...

Stanley Black & Decker, Inc.'s (SWK) cost-reduction program is expected to aid its bottom line and drive margin performance in the quarters ahead. The program comprises a series of initiatives to resize the organization, reduce inventory and optimize the supply chain with the goal of repositioning it to pursue sustainable long-term growth. In the first six months of 2024 and since the inception of the program, SWK realized pre-tax run rate savings of $295 million and $1.3 billion, respectively. The savings ...