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Stanley Black & Decker, Inc. is a diversified global provider of tools, storage, and engineered fastening systems, operating through two main business segments: Tools & Outdoor and Industrial. The company offers a wide range of products, including power tools, hand tools, outdoor equipment, and engineered components for various industries . Their products are marketed under well-known brands such as DEWALT®, CRAFTSMAN®, BLACK+DECKER®, and CUB CADET® . The Industrial segment also includes businesses that cater to the automotive and aerospace industries with specialized fastening solutions .
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Tools & Outdoor - Comprises the Power Tools Group, Hand Tools, Accessories & Storage, and Outdoor Power Equipment, offering a variety of professional and consumer products under brands like DEWALT®, CRAFTSMAN®, and BLACK+DECKER®.
- Power Tools Group (PTG) - Offers professional and consumer power tools under brands such as DEWALT®, CRAFTSMAN®, and BLACK+DECKER®.
- Hand Tools, Accessories & Storage (HTAS) - Provides hand tools, power tool accessories, and storage products.
- Outdoor Power Equipment - Sells lawn and garden products under brands like DEWALT®, CRAFTSMAN®, and CUB CADET®.
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Industrial - Includes the Engineered Fastening and Infrastructure businesses, providing highly engineered components like fasteners and fittings for industries such as automotive and aerospace.
- Engineered Fastening - Supplies fasteners and fittings for various industries, including automotive and aerospace.
- Infrastructure - Previously designed and sold attachments and tools for infrastructure and construction applications, but was sold in April 2024.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Donald Allan, Jr. ExecutiveBoard | President and Chief Executive Officer | None | Donald Allan, Jr. has been with SWK since 1999, serving in various leadership roles, including CFO and President. He became CEO in July 2022 and focuses on operational priorities, innovation, and electrification. | View Report → |
Christopher J. Nelson Executive | COO, EVP, and President of Tools & Outdoor | None | Christopher J. Nelson joined SWK in June 2023. Previously, he was President of the HVAC segment at Carrier Global Corporation and has expertise in global operations and customer-centric innovation. | |
Deborah K. Wintner Executive | Senior Vice President and CHRO | None | Deborah Wintner became CHRO in August 2024. She has been with SWK for six years and previously led HR operations for the Tools and Outdoor division. | |
Patrick D. Hallinan Executive | Executive Vice President and CFO | Board Member at HNI Corporation | Patrick Hallinan joined SWK in April 2023. Previously, he was CFO at Fortune Brands Innovations, Inc. and has extensive experience in finance and strategic transformation. | |
Tamer K. Abuaita Executive | Senior Vice President and Chief Supply Chain Officer | None | Tamer K. Abuaita joined SWK in January 2022 and oversees supply chain operations. He received a compensation adjustment in 2024 due to increased responsibilities. | |
Adrian V. Mitchell Board | Director | COO and CFO at Macy’s, Inc. | Adrian Mitchell joined SWK’s board in 2022. He has held leadership roles at Macy’s, Crate and Barrel, and Target, with expertise in finance, operations, and digital transformation. | |
Andrea J. Ayers Board | Independent Chair of the Board | Director at United States Steel Corporation | Andrea Ayers has been a director at SWK since 2014 and became Independent Chair in 2022. She has extensive experience in customer management analytics and technology. | |
Jane M. Palmieri Board | Director | None | Jane Palmieri joined SWK’s board in 2021. She is President of Industrial Intermediates & Infrastructure at Dow Inc. and has expertise in sustainability and energy efficiency. | |
Michael D. Hankin Board | Director | CEO of Brown Advisory Incorporated | Michael Hankin has been a director at SWK since 2016. He is also CEO of Brown Advisory, where he has grown assets under management significantly. | |
Robert J. Manning Board | Director | None | Robert Manning joined SWK’s board in 2022. He has extensive experience in financial services and investment stewardship, having served as CEO and Chairman at MFS Investment Management. | |
Susan K. Carter Board | Director | Director at Amcor plc and ON Semiconductor | Susan Carter joined SWK’s board in October 2023. She has over 30 years of financial leadership experience, including as CFO at Ingersoll Rand and KBR. |
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Given the mixed demand environment you mentioned and expectations of continued macroeconomic challenges, how confident are you in achieving the 35% plus adjusted gross margin goal within your transformation time horizon, and what contingencies do you have in place if market conditions worsen?
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You noted strong free cash flow generation this quarter, partly due to accelerated working capital improvements. With expectations of a soft macro environment in the second half, can you elaborate on the specific actions you will take to sustain free cash flow and further reduce debt, especially considering the planned additional $400 million to $500 million of short-term debt reduction by year-end?
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With your increased investments in innovation, brand marketing, and market activation, how are you balancing these expenditures with your commitment to cost management and margin improvement, particularly in light of the challenging demand environment and the need to fund additional organic growth investments?
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The guidance mentions a second quarter environmental reserve expense of approximately $155 million. Can you provide more details on this expense and discuss how it impacts your financial outlook, especially concerning priorities like debt reduction and investment in growth initiatives?
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In the Industrial segment, you expect flat to slightly positive organic revenue growth, with aerospace fasteners growth being partially offset by global automotive OEM light vehicle production headwinds. How are you navigating these industry-specific challenges, and what strategies are in place to drive growth in this segment despite the macro pressures?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Lowe’s | Major Home Center | All | Accounted for 14% of consolidated net sales in 2024 , 14% in 2023 , and 15% in 2022. |
The Home Depot | Major Home Center | All | Accounted for 14% of consolidated net sales in 2024 and 13% in 2023 and 2022. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
MTD Holdings Inc. | 2021 | Stanley Black & Decker acquired the remaining 80% stake in MTD Holdings for $1.6 billion in cash (after a prior 20% stake for $234 million), solidifying its leadership in the global outdoor power equipment market with known brands and over $2.5 billion in revenue; the deal is expected to create a leader in the $25 billion outdoor category and was subject to customary closing conditions and regulatory approvals. |
Excel Industries | 2021 | Stanley Black & Decker acquired Excel Industries on September 12, 2021, for $375 million in cash as a strategic bolt-on to enhance its outdoor products segment, contributing to a combined $4 billion outdoor platform; Excel’s strong design and manufacturing capabilities in premium turf-care equipment, along with its solid presence in the independent dealer network, made it an ideal fit, with the acquisition accounted for using the acquisition method and subject to typical closing conditions. |
Recent press releases and 8-K filings for SWK.
- Strong Q1 revenue: Stanley Black & Decker reported $3.7 billion in Q1 2025 revenues (a 3% YoY decline with 1% organic growth) .
- Robust EPS performance: Q1 earnings were solid with adjusted EPS of $0.75 (up 34% YoY) and GAAP EPS of $0.60 .
- Notable margin improvements: Adjusted gross margin increased by 140 basis points to 30.4%, while overall gross margin improved to 29.9% (up 130 basis points) .
- Tariff mitigation & supply chain strategy: Management is countering trade policy headwinds with high single-digit price increases, strategic supply chain adjustments, and strong demand for the DEWALT brand .
- Transformation focus: The company achieved a free cash outflow of $485 million as it advances its transformation and aims for a $2 billion cost savings target .
- Full-year guidance: Targets include GAAP EPS of $3.30 and adjusted EPS of around $4.50 .
- Additional challenges: Results were influenced by currency headwinds and the final quarter impact of an infrastructure divestiture .
- The filing, dated April 25, 2025, details the outcomes of the 2025 Annual Meeting of Shareholders for Stanley Black & Decker, including share record information and vote counts on key proposals.
- Shareholders approved director nominations with detailed vote counts, along with an advisory vote on executive compensation.
- The report also confirms the selection of Ernst & Young LLP as the company’s independent auditor for the 2025 fiscal year.