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 ...

Nearly 75% intend to use social media to raise visibility for skilled careers More than 50% are interested in creating social content showcasing themselves at work to encourage others to join their trade Social stigma and lack of parental support cited as barriers to entering careers in skilled labor To help inspire the next generation of tradespeople to enter the trades, DEWALT is encouraging current and future tradespeople to promote their trade on social media utilizing a variety of free downloadable dig ...

ATLANTA, Sept. 5, 2024 /PRNewswire/ -- White Cap, the leading distributor of specialty construction supplies and safety products for professional contractors, and DEWALT®, a Stanley Black & Decker (NYSE: SWK) brand and leader in total jobsite solutions, announce a second annual partnership to support the lifesaving mission of St. Jude Children's Research Hospital®: Finding cures. Saving children®. On Saturday, September 21, at the Bristol Motor Speedway, the #20 DEWALT car will include a special dedication ...

A tough-terrain dolly, versatile drawer options, and a functional worktop create an all-in-one workstation that delivers jobsite tool accessibility and productivity TOWSON, Md., Sept. 4, 2024 /PRNewswire/ -- DEWALT, a Stanley Black & Decker (NYSE: SWK) brand and leader in total jobsite solutions, today announced new TOUGHSYSTEM® 2.0 DXL™, the industry's first 30 in. modular storage system with a functional workstation that is easily transported and built to withstand tough jobsite conditions. New DEWALT TOU ...

New to camping? From a cordless mosquito repellent to a power inverter, CRAFTSMAN provides a list of top product recommendations to help you plan for your next outdoor trip TOWSON, Md., Sept. 3, 2024 /PRNewswire/ -- According to Kampgrounds of America Inc.'s (KOA) 2024 North American Camping & Outdoor Hospitality Report, over the past decade the number of camping households has increased by 23% (16.5 million additional households). As more Americans embrace the outdoors, Stanley Black & Decker's iconic CRAF ...

Amidst a national skilled labor shortage, 88% of tradespeople in Houston say that easier access to necessary tools would attract more workers to the construction industry The majority of tradespeople (92%) say that not having the right tools or losing a tool on the jobsite is a significant hindrance to productivity This year, DEWALT will gift 100 tool kits to graduates of The Home Builders Institute's (HBI) Houston BuildStrong Academy to jumpstart their trades careers, including the latest cohort graduating ...

The toolmaker surprised investors with its second-quarter earnings. Shares in toolmaker and industrial products company Stanley Black & Decker (SWK -2.83%) surged by 32.2% in July, according to data provided by S&P Global Market Intelligence. The move comes as the company reported well-received second-quarter earnings that helped support the bullish case for the stock and scatter the bears shorting it. Stanley Black & Decker builds a recovery It's no secret that consumer discretionary stocks are under press ...

JHVEPhoto It has been almost two years since I published my first and only article about Stanley Black & Decker, Inc. (NYSE:SWK) in August 2022. Back then, I wrote in my conclusion: In my opinion, we can call Stanley Black & Decker at least fairly valued right now as it seems to be trading below the calculated intrinsic value - even when using rather cautious assumptions. Nevertheless, the probability for a recession and bear market that is still upon us is rather high. I would assume the stock to decline f ...

Company Participants Conference Call Participants Welcome to the Second Quarter 2024 Stanley Black & Decker Earnings Conference Call. My name is Shannon and I will be operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded. Dennis Lange Thank you, Shannon. Good morning, everyone, and thanks for joining us for Stanley Black & Decker's 2024 second quarter webcast. Here today, i ...

| --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------|-------|----------------|-------|-----------------------------------------------------|-------|----------------------| | Gross profit | $ | GAAP \n2,249.7 | $ | YEAR-TO-DATE 2024 \nNon-GAAP Adjustments \n47.9 | $ | 1 Non-GAAP \n2,297.6 | | % of Net Sales | | 28.5 % | | | | 29.1 % | | Selling, general and administrative | | 1,680.4 | | (47.7) | | 1,632.7 | | % of Net Sales | | 2 ...