UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-05224 STANLEY BLACK & DECKER, INC. (Exact Name Of Registrant As Specified In Its Charter) Connecticut 06-0548860 (State ...

Financial Performance & Outlook - Stanley Black & Decker's FY22 revenue reached $16.9 billion, an 11% increase year-over-year, driven by Outdoor Power Equipment acquisitions, Industrial segment growth, and price realization[5] - The company's global cost reduction program delivered $200 million in pre-tax savings in the second half of 2022[5,17] - Fourth quarter inventory reduction of $500 million supported $520 million in free cash flow generation and contributed to $0.5 billion of debt reduction[5,25] - Full year adjusted diluted EPS was $4.62[5] - The company is guiding for a 2023 full year adjusted diluted EPS of $0.00 to $2.00, with free cash flow expected to approximate $0.5 billion to $1 billion[5,40] Strategic Initiatives - Stanley Black & Decker aims to achieve ~$2 billion in cost savings over three years through complexity reduction[8,19] - The company plans to invest $300 million - $500 million in core growth areas, including innovation and electrification[8] - Supply chain transformation is expected to yield $1.5 billion in savings by 2025, enabling adjusted gross margins of 35% or higher[18] - The company is targeting a $0.5 billion inventory decline in the first half of 2023, with the majority of the reduction in the second quarter[26] Segment Performance (Q4 2022) - Tools & Outdoor revenue was $3.372 billion, flat compared to Q4 2021, with an operating margin of 1.0%[21] - Industrial revenue was $604 million, a 1% decrease compared to Q4 2021, with an operating margin of 11.5%[21]

Stanley Black & Decker, Inc. (NYSE:SWK) Q4 2022 Earnings Conference Call February 2, 2023 8:00 AM ET Company Participants Dennis Lange - Vice President-Investor Relations Don Allan - President & Chief Executive Officer Corbin Walburger - Vice President & Interim Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Tim Wojs - Baird Nigel Coe - Wolfe Research Mike Rehaut - JPMorgan Rob Wertheimer - Melius Research Chris Snyder - UBS Dan Oppenheim - Credit Suisse Nicole DeBlase - Deu ...

Company Overview - Stanley Black & Decker's 2021 revenue was $153 billion, with a pro forma revenue of $181 billion, including Tools & Outdoor at $156 billion and Industrial at $25 billion[6] - The company's market capitalization was $113 billion, with a cash dividend yield of 42%[6] - Approximately 60% of the company's revenues were generated in the U S [12] Financial Performance and Guidance - The company expects low double-digit total revenue growth for 2022[30] - The company anticipates adjusted EPS of $415 to $465 for 2022[30] - The company expects fourth-quarter free cash flow to approximate $03 to $06 billion[31, 33] Cost Reduction and Transformation - The company plans to reduce complexity and aims for approximately $2 billion in cost savings by 2025, with $1 billion annualized by 2023[14, 16] - Supply chain transformation is expected to contribute $15 billion to the total cost savings by 2025, with $05 billion by 2023[16] - SG&A initiatives are projected to save $05 billion by 2023[19] Tools & Outdoor Segment - The Tools & Outdoor segment's 2021 revenues were $128 billion, with a pro forma revenue of $156 billion[6, 97] - The segment experienced 20% organic growth in 2021[100] - The company has integrated acquisitions worth over $5 billion in the Tools & Outdoor segment[107]

Financial Data and Key Metrics Changes - Third quarter revenue was $4.1 billion, up 9%, driven by Outdoor Equipment acquisitions [12] - Organic revenue declined 2%, an improvement from the first half of the year, with a 14% growth in the Industrial business [12][13] - Adjusted EPS for the third quarter was $0.76, with operating margin at 6.2%, pressured by input cost inflation [16] - The company revised its 2022 adjusted diluted EPS range down to $4.15 to $4.65 due to ongoing demand changes and foreign exchange impacts [19][62] Business Line Data and Key Metrics Changes - Tools & Outdoor segment revenue grew 10% to $3.5 billion, with acquisitions contributing nearly $600 million [45] - Industrial segment achieved 14% organic growth, with adjusted operating margin at 11.1%, up 340 basis points year-over-year [52] - Power Tools declined organically by 2%, while Hand Tools and Outdoor business saw declines of 7% and 12% respectively [49][51] Market Data and Key Metrics Changes - North America consumer demand softened, while Professional Construction and Industrial customer demand remained strong [11] - European markets faced challenges due to high customer inventory levels and inflation, impacting retail market pressure [14][46] - U.S. retail point-of-sale remained consistent, supported by professional demand despite softer DIY consumer demand [13] Company Strategy and Development Direction - The company is focusing on cash generation and inventory reduction, with a strategic choice to curtail production to improve cash flow [20][21] - Plans to redeploy $300 million to $500 million over the next three years to advance innovation and electrification [23] - The company aims to achieve gross margins of 35% plus by 2025 through supply chain transformation and operational excellence [28][61] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging macroeconomic environment but expressed optimism about cash generation and inventory reduction efforts [10][72] - The company expects gross margin recovery to begin in the second quarter of 2023, with a focus on improving fill rates and customer service levels [60][72] - Management is preparing for various demand scenarios in 2023, balancing production levels with inventory reduction [110] Other Important Information - The company successfully completed divestitures of Electronic Security, Access Technologies, and Oil & Gas businesses, reducing debt by $3.3 billion [17][18] - The company is targeting $1.5 billion in cash flow generation through inventory liquidation and cost savings initiatives [84][85] Q&A Session Summary Question: Concerns about free cash flow and gross margin recovery - Management expressed strong conviction about cash flow generation in Q4, despite negative free cash flow in Q3, and discussed the impact of production curtailments on gross margins [77][79] Question: Improvements in market-facing metrics and promotional activity - Management reported significant improvements in fill rates and on-shelf product availability, with increased promotional activity expected in 2023 [88][91] Question: Inventory absorption and discounting strategies - Management indicated a substantial impact on margins due to production pullbacks, but emphasized a balanced approach to inventory liquidation without excessive discounting [95][100] Question: Pricing strategy amidst declining commodity prices - Management highlighted the importance of maintaining price increases despite commodity deflation, as high-cost inventory needs to be sold [102][106] Question: Production curtailments and demand outlook - Management clarified that production curtailments were primarily driven by cash generation needs and inventory reduction, with a cautious outlook on demand for 2023 [108][110]

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Stanley Black & Decker, Inc. (NYSE:SWK) Q2 2022 Results Conference Call July 28, 2022 8:00 AM ET Company Participants Dennis Lange - Vice President of Investor Relations Donald Allan - President and Chief Executive Officer Corbin Walburger - Vice Presidentand Interim Chief Financial Officer Conference Call Participants Jeffrey Sprague - Vertical Research Partners Timothy Wojs - Robert W. Baird Nigel Coe - Wolfe Research Michael Rehaut - JPMorgan Chase Julian Mitchell - Barclays Bank Operator Welcome to the ...

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Financial Performance & Objectives - Stanley Black & Decker's 2021 revenue was $15.6 billion, with a market capitalization of $18.5 billion and a cash dividend yield of 2.6%[5] - The company aims for long-term financial goals including organic revenue growth of approximately 4-6% and total revenue growth of approximately 10-12%[8] - The company targets EPS growth of approximately 10-12%, excluding acquisition-related charges, and Free Cash Flow (FCF) greater than or equal to net income[8] - Tools & Outdoor segment revenue was $12.8 billion in 2021, representing 25% of the company's total revenue[6] - Industrial segment revenue was $2.5 billion in 2021, also representing 25% of the company's total revenue[6] ESG Strategy & Commitments - Stanley Black & Decker commits to carbon neutrality and beyond by 2030, aiming to reduce absolute Scope 1 and Scope 2 carbon emissions by 100% against a 2015 baseline[24] - The company plans to innovate products to enhance the lives of 500 million people by 2030[24] - Stanley Black & Decker aims to empower 10 million makers by 2030 through STEAM education, vocational skills, and makerspace training[24] - The company commits to increase supplier diversity spend from 3% to 10% by 2025 with minority- and women-owned businesses[24] Governance & Diversity - The board comprises 36% women and 18% racial/ethnic diversity[51] - The company proactively lowered the minimum threshold for shareholders to call a special meeting from 35% to 25%[51, 54]

INVESTOR PRESENTATION Version 05.03.2022 cearrywen Cautionary Statements This presentation contains "forward-looking statements," that is, statements that address future, not past events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as: "expect," "anticipate," "intend," "plan," "believe," "seek," or "will." Forward-looking statements by their nature address matters that are, to different ...