Leadership Transition - Stanley Black & Decker has appointed Christopher Nelson as the new President and CEO, effective October 1, 2025, succeeding Donald Allan, Jr. who has been CEO since July 2022 [1][5] - Donald Allan will transition to the role of Executive Chair of the Board, while Andrea Ayers will become Lead Independent Director [2][5] - This leadership change is part of a comprehensive succession planning process undertaken by the Board [1] Executive Background - Christopher Nelson has over 25 years of executive leadership experience and has been with Stanley Black & Decker since 2023 as COO and President of Tools & Outdoor [6] - Prior to joining Stanley Black & Decker, Nelson held leadership roles at Carrier, the U.S. Army, Johnson & Johnson, and McKinsey & Company [6] Company Performance Expectations - Stanley Black & Decker anticipates that its Second Quarter GAAP and Adjusted EPS performance will exceed its 2025 Planning Assumptions from the Q1 2025 earnings call [4][5]

Core Insights - Younger homeowners, particularly Millennials and Gen Zers, are determined to proceed with their home improvement projects in 2025 despite economic uncertainties [1][4][6] - The CRAFTSMAN® Driven to DIY Report reveals that over three-quarters of younger DIYers feel confident in completing their planned projects [6][10] - The report is based on a survey of 1,000 DIY enthusiasts aged 25 to 40 who have recently undertaken home renovations [5][13] Group 1: DIY Trends and Motivations - A significant motivation for younger homeowners to engage in DIY projects includes the desire for creative freedom, budget constraints, and the pride of hands-on accomplishment [6][8] - The top home improvement projects identified by respondents include bathtub or shower replacements, interior painting, and built-in storage and organization [6][10] - More than half of the surveyed DIYers report that a sense of accomplishment and pride drives them to complete their projects [6][10] Group 2: Challenges and Overcoming Obstacles - Despite their confidence, over 40% of DIY projects stall due to overestimating the skills, time, and budget required [8][15] - The most popular learning tool for modern DIYers is YouTube, utilized by 67% of respondents, followed by family members (45%) and friends (31%) [8][15] - Only 2% of projects are reported as completely abandoned, indicating a strong resilience among DIY enthusiasts [9][10] Group 3: Project Management Insights - In terms of time management, 38% of DIYers underestimate the time needed for projects, while 35% unexpectedly take on additional work [15] - Budgeting challenges are prevalent, with 34% of respondents finding cost estimation to be the hardest part of their projects [15] - A recommended practice is to include an additional 10-20% in the project budget to account for unexpected costs [15]

Group 1 - Stanley Black & Decker announced a regular second quarter cash dividend of $0.82 per common share, extending its record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange [1] - The dividend is payable on June 17, 2025, to shareholders of record as of the close of business on June 3, 2025 [1] Group 2 - Stanley Black & Decker, founded in 1843 and headquartered in the USA, is a global leader in Tools and Outdoor, with approximately 48,000 employees [2] - The company produces a wide range of products including power tools, hand tools, storage solutions, digital jobsite solutions, outdoor products, and engineered fasteners [2] - Stanley Black & Decker's portfolio includes trusted brands such as DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet® [2]