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From Everyday to Extreme, toolant Launches Brand New Line of Hand Tools
Globenewswire· 2025-08-15 14:18
Product Launch - Toolant has launched a new hand tools collection aimed at automotive enthusiasts and professional car detailers, featuring the toolant 10-inch Plier Wrench and the toolant ⅜'' Drive Flex Head Ratchet Wrench [1][8] Toolant Plier Wrench - The Plier Wrench offers a wide jaw capacity of up to 52 mm (2 inches) and features a fast, self-adjusting mechanism with a push-lock button, enhancing versatility for various tasks [2] - Constructed from premium CR-V steel with parallel smooth jaws, the Plier Wrench is designed for a firm, slip-free grip and is built to resist corrosion, ensuring long-term durability [3] Compact Drive Flex Head Ratchet Wrench - The Compact Drive Flex Head Ratchet Wrench is noted for its ultra-compact head, allowing access in tight spaces, and features a 90-tooth, 4° swing with an 11-position locking flex head for precision [5] - The tool is designed to reduce user fatigue by 35% due to its ergonomic leverage and long handle, and it can withstand up to 75,000 cycles with a lifetime guarantee [7] Pricing and Availability - The new products are priced at $25.99 for the Plier Wrench and $27.99 for the Compact Drive Flex Head Ratchet Wrench, available on Amazon for easy access to both DIYers and professionals [8] Company Overview - Toolant is a brand focused on solving real-world problems through user-driven development, emphasizing engineering precision and continuous improvement based on user feedback [9]
Stanley Black & Decker Reports 2Q 2025 Results
Prnewswire· 2025-07-29 10:00
Core Insights - Stanley Black & Decker reported a solid second quarter in 2025, driven by resilient demand for its DEWALT brand, despite external pressures such as tariffs and a slow outdoor buying season [1][2][8] - The company is focused on executing a global cost reduction program aimed at achieving $2 billion in pre-tax run-rate cost savings by the end of 2025, supporting a long-term adjusted gross margin target of over 35% [6][11] - Management anticipates incremental tariff countermeasures in the second half of 2025 to further support gross margin accretion [1][11] Financial Performance - Second quarter revenues were $3.9 billion, down 2% year-over-year, primarily due to a 4% decline in volume, partially offset by a 1% increase in price and currency [8][9] - Gross margin for the second quarter was 27.0%, a decrease of 140 basis points compared to the previous year, while adjusted gross margin was 27.5%, down 170 basis points [9][32] - The company reported net earnings of $101.9 million, translating to a diluted earnings per share of $0.67, compared to a net loss of $19.2 million in the same quarter of the previous year [25][33] Segment Performance - The Tools & Outdoor segment generated net sales of $3.46 billion, down 2% from the prior year, with a segment margin of 6.9%, a decrease of 210 basis points [10][31] - The Engineered Fastening segment reported net sales of $484 million, also down 2% year-over-year, with a segment margin of 7.2%, down from 13.5% in the previous year [10][31] Cost Management and Strategy - The Global Cost Reduction Program has yielded approximately $150 million in incremental pre-tax run-rate cost savings in the second quarter of 2025, contributing to the overall financial strategy [6][11] - The company is strategically adjusting costs and inventory to protect earnings power and cash flow while maintaining investments in innovation and brand activation [7][11] Future Outlook - Management's base planning scenario for 2025 anticipates an EPS of $3.45 (+/- $0.10) on a GAAP basis and approximately $4.65 on an adjusted basis, with a target for annual free cash flow of approximately $600 million [11][12] - The gross annualized tariff impact is estimated at $800 million, with a projected negative EPS impact of approximately $0.65 after accounting for price adjustments and supply shifts [11][12]