Stanley Black & Decker focuses on strategic transformation and divestitures

By Tamara Parker • Wednesday, February 19 06:14 • Permanent Link

Stanley Black & Decker, a leading provider of hand tools, power tools, and outdoor products, has recently released its 10-K report. The company operates in the United States, Canada, Other Americas, Europe, and Asia, offering a wide range of products under various brands including DEWALT, CRAFTSMAN, and BLACK+DECKER.

In the 10-K report, the company outlined its strategic objectives, emphasizing a focus on business transformation, cost reduction, and global market penetration. The report also highlighted the company's commitment to returning excess capital to shareholders through dividends and share repurchases.

Furthermore, the report detailed the company's recent divestitures, including the sale of its Infrastructure, Oil & Gas, Convergent Security Solutions, and Mechanical Access Solutions businesses. The net proceeds from these divestitures were used to reduce debt and support the company's share repurchase program.

Additionally, the report provided insights into the company's Global Cost Reduction Program, which aims to generate cost savings through organizational resizing and supply chain transformation. The program has already delivered significant pre-tax run-rate cost savings, with further savings expected to be realized by the end of 2025.

The report also emphasized the company's commitment to driving profitable growth by investing in its core franchises, accelerating innovation, and leveraging its strong portfolio of brands. Marketing initiatives, such as sponsorships in Formula 1, English Premier League, and professional golf, were highlighted as part of the company's brand-building efforts.

Lastly, the report outlined the company's two reportable business segments: Tools & Outdoor and Industrial. The Tools & Outdoor segment includes professional grade corded and cordless electric power tools, while the Industrial segment provides threaded fasteners, blind rivets, and other engineered products.

Today the company's shares have moved -0.1% to a price of $87.04. For the full picture, make sure to review Stanley Black & Decker's 10-K report.

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