Stanley Black (SWK) Exhibits Strong Prospects Despite Headwinds

Stanley Black & Decker, Inc. (SWK) is expected to benefit from its global cost-reduction program. The program comprises a series of initiatives designed to generate cost savings by resizing the organization and reducing inventory to drive long-term growth. In the first three months of 2024, Stanley Black generated pre-tax run rate savings of $145 million from the global cost-reduction program. The company expects to generate run rate savings of $1.5 billion by the end of 2024. By 2025, it envisions run rate ...