Stanley Black & Decker(SWK)

Search documents
Stanley Black & Decker(SWK) - 2022 Q1 - Earnings Call Transcript
2022-04-28 16:10
Stanley Black & Decker, Inc. (NYSE:SWK) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET Company Participants Dennis Lange - Vice President of Investor Relations Jim Loree - Chief Executive Officer & Director Don Allan - President & Chief Financial Officer Conference Call Participants Jeff Sprague - Vertical Research Julian Mitchell - Barclays Michael Rehaut - JPMorgan Tim Wojs - Baird Nigel Coe - Wolfe Research Joe O'Dea - Wells Fargo David MacGregor - Longbow Research Eric Bosshard - Cleveland R ...
Stanley Black & Decker(SWK) - 2022 Q1 - Earnings Call Presentation
2022-04-28 15:37
First Quarter 2022 Overview A p r i l 2 8 , 2 0 2 2 StanleyBlack&Decker Participants *Non-GAAP Financial Measures. See Appendix For Reconciliation of GAAP To Non-GAAP Measures Used in This Presentation. Jim Loree CEO Don Allan President & CFO Dennis Lange VP, Investor Relations 1Q'22 OVERVIEW | 2 Cautionary Statement Certain Statements Contained In This Presentation Are Forward Looking. These Are Based On Assumptions Of Future Events Which May Not Prove To Be Accurate. They Involve Risk And Uncertainty. Act ...
Stanley Black & Decker (SWK) Investor Presentation - Slideshow
2022-02-26 07:49
Company Overview - Stanley Black & Decker's 2021 revenue was $15.6 billion, with a market cap of $31 billion and a cash dividend yield of 1.7%[8] - Tools & Storage segment accounted for $12.8 billion in revenue in 2021, while the Industrial segment generated $2.5 billion[9] - Approximately 60% of the company's revenues are generated in the U S market[11] Financial Goals and Performance - The company aims for long-term financial goals including ~4-6% organic revenue growth and ~10-12% total revenue growth[15] - The company also aims for ~10-12% EPS growth, free cash flow ≥ net income, and CFROI in the 12-15% range[15] - Stanley Black & Decker has a track record of long-term value creation, with a 967% TSR from January 2000 to December 2021[23, 24] Strategic Initiatives - The company is focused on organic growth, margin expansion, and asset efficiency, driven by the SBD Operating Model[15, 57] - Stanley Black & Decker is pursuing acquisitive growth in the Tool Industry, Outdoor Expansion, and Industrial Segment[27] - Electrification is a significant growth and ESG opportunity, with potential for 3x to 6x higher content $ per electric vehicle[41] 2022 Outlook - The company expects ~7-8% organic growth in 2022, with GAAP EPS of $10.10 - $10.70 and adjusted EPS of $12.00 to $12.50[92] - Free cash flow is expected to approximate $2.0 billion in 2022[93] - The company anticipates a currency headwind of ~$100 million in 2022 due to a strong USD[98]
Stanley Black & Decker(SWK) - 2021 Q4 - Earnings Call Transcript
2022-02-01 14:45
Stanley Black & Decker, Inc. (NYSE:SWK) Q4 2021 Earnings Conference Call February 1, 2022 8:00 AM ET Company Participants Dennis Lange - Vice President, Investor Relations Jim Loree - Chief Executive Officer Don Allan - President & Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Jeff Sprague - Vertical Research Markus Mittermaier - UBS Josh Pokrzywinski - Morgan Stanley Nigel Coe - Wolfe Research Mike Rehaut - JPMorgan Joe O’Dea - Wells Fargo Operator Welcome to the Fourth Qu ...
Stanley Black & Decker(SWK) - 2021 Q3 - Earnings Call Presentation
2021-10-28 19:18
StanleyBlack&Decker Third Quarter 2021 Overview October 28, 2021 Participants || Jim Loree CEO Don Allan President & CFO Lee McChesney VP, Corporate Finance & CFO, Tools & Storage Dennis Lange VP, Investor Relations 3Q'21 OVERVIEW 2 Cautionary Statements 3Q'21 OVERVIEW 3 | | Certain Statements Contained In This Presentation Are Forward Looking. These Are Based On Assumptions Of Future Events Which May Not Prove To Be Accurate. They Involve Risk And Uncertainty. Actual Results May Differ Materially From Thos ...
Stanley Black & Decker(SWK) - 2021 Q3 - Earnings Call Transcript
2021-10-28 15:58
Financial Data and Key Metrics Changes - The company reported a record third quarter with 11% growth, primarily driven by 10% organic growth [7] - Adjusted earnings per share for the quarter was $2.77, down 4% year-over-year [13] - The overall adjusted operating margin rate was 12.2%, down from the prior year [12] Business Line Data and Key Metrics Changes - Tools segment generated 13% organic growth, attributed to strong demand and innovation [10] - Industrial segment grew 1% organically, impacted by lower auto production and aerospace market conditions [11] - Security segment delivered 8% organic growth, benefiting from a transformation to data-enabled technology [11] Market Data and Key Metrics Changes - North America tools and storage organic growth was up 9%, Europe up 20%, and emerging markets up 28% [39] - E-commerce revenue grew nearly 20% globally compared to 2020 [42] - Latin America saw 36% organic growth, while Asia experienced 22% organic growth [42] Company Strategy and Development Direction - The company is focusing on innovation, manufacturing, and automation to meet strong demand and fuel sustainable growth [15] - Recent acquisitions of MTD and Excel are expected to create a powerful growth engine in the outdoor category, with approximately $4 billion in revenue [16][17] - The company aims to leverage electrification trends in outdoor products and enhance its market presence [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in multi-year growth and margin expansion plans despite supply chain challenges [14] - The company anticipates significant growth opportunities in the residential and non-residential construction markets [15] - Management highlighted the importance of addressing inflation and supply chain costs through pricing and productivity actions [60][61] Other Important Information - The company is investing approximately $200 million in innovation and growth projects [26] - Free cash flow for the third quarter was a use of cash of $125 million, with expectations for strong fourth-quarter cash performance [54] - The company expects full-year organic revenue growth of 16% to 17% and adjusted EPS expansion of 22% [63] Q&A Session Summary Question: Confidence in surcharge implementation - Management is confident that the surcharge will be implemented in Q4, supported by solid customer feedback [81] Question: Pricing dynamics in North America - The company is executing a 4.5% to 5% price increase and is prepared for potential further price actions in Q1 2022 [87][88] Question: Volume growth confidence for 2022 - Management expressed high confidence in achieving mid-single digit organic volume growth, driven by strong demand and new product introductions [90][92] Question: Operating margin expectations - Management confirmed expectations for a firm-wide operating margin of around 11% in Q4, with gradual improvements anticipated in 2022 [100] Question: Competitive pricing response - Management noted that competitors are also implementing price increases due to similar cost pressures, indicating a shared industry challenge [103][104]
Stanley Black & Decker(SWK) - 2021 Q2 - Earnings Call Transcript
2021-07-27 16:45
Financial Data and Key Metrics Changes - The company reported its second quarter results, which included significant financial metrics that will be discussed in detail during the call [4]. Business Line Data and Key Metrics Changes - Specific performance metrics for various business lines will be reviewed by the management team, including insights into Tools & Storage [4]. Market Data and Key Metrics Changes - The management will provide updates on market conditions and performance metrics relevant to the company's operations [4]. Company Strategy and Development Direction and Industry Competition - The company will outline its strategic initiatives and competitive positioning within the industry during the call [4]. Management's Comments on Operating Environment and Future Outlook - Management will share their perspectives on the current operating environment and future outlook for the company [4]. Other Important Information - A supplemental presentation will be referenced during the call, which is available on the investor relations section of the company's website [4]. Q&A Session All Questions and Answers Question: What are the key highlights from the second quarter results? - The management will address this question during the Q&A session, providing insights into the performance and strategic direction [4].
Stanley Black & Decker(SWK) - 2021 Q2 - Earnings Call Presentation
2021-07-27 13:00
StanleyBlack&Decker Second Quarter 2021 Overview July 27, 2021 Participants || Jim Loree CEO Don Allan President & CFO Lee McChesney VP, Corporate Finance & CFO, Tools & Storage Dennis Lange VP, Investor Relations 2Q'21 OVERVIEW 2 Cautionary Statements 2Q'21 OVERVIEW 3 | | Certain Statements Contained In This Presentation Are Forward Looking. These Are Based On Assumptions Of Future Events Which May Not Prove To Be Accurate. They Involve Risk And Uncertainty. Actual Results May Differ Materially From Those ...
Stanley Black & Decker(SWK) - 2021 Q1 - Earnings Call Transcript
2021-04-28 18:52
Stanley Black & Decker, Inc. (NYSE:SWK) Q1 2021 Results Earnings Conference Call April 28, 2021 8:00 AM ET Company Participants Dennis Lange - VP, IR Jim Loree - President & CEO Don Allan - EVP & CFO Lee Mcchesney - VP of Corporate Finance and CFO of Tools & Storage Conference Call Participants Nigel Coe - Wolfe Research Jeff Sprague - Vertical Research Julian Mitchell - Barclays Tim Wojs - Baird Rob Wertheimer - Melius Research Markus Mittermaier - UBS Nicole DeBlase - Deutsche Bank Ross Gilardi - Bank of ...
Stanley Black & Decker(SWK) - 2021 Q1 - Earnings Call Presentation
2021-04-28 12:52
StanleyBlack&Decker First Quarter 2021 Overview April 28, 2021 Participants || Jim Loree CEO Don Allan President & CFO Lee McChesney VP, Corporate Finance & CFO, Tools & Storage Dennis Lange VP, Investor Relations 1Q'21 OVERVIEW 2 Cautionary Statements 1Q'21 OVERVIEW 3 | | Certain Statements Contained In This Presentation Are Forward Looking. These Are Based On Assumptions Of Future Events Which May Not Prove To Be Accurate. They Involve Risk And Uncertainty. Actual Results May Differ Materially From Those ...