Content about Stanley Black & Decker

July 3, 2014

In February, a company called SawStop filed an antitrust lawsuit against four major toolmakers, claiming they had conspired against SawStop founder Stephen Gass in blocking the standardization of his injury-prevention technology.

July 2, 2014

Stanley Black & Decker is recalling certain Porter-Cable routers after discovering that uninsulated handles present an electrical shock risk.

The fixed-based routers and router bases have not been responsible for any reported injuries or incidents so far, according to the Consumer Product Safety Commission.

April 24, 2014

Stanley Black & Decker (SWK) got a leg up of 3.75%, pushing its share price to $85.53 at Thursday's close. USG had an opposite fate, falling 4.12%.

March 13, 2014

Former Stanley Black & Decker chairman Nolan Archibald, who retired from the company in March of last year, received a compensation package totaling approximately $133 million last year, according to an annual proxy SEC filing the company published on Tuesday.

A $51.4 million merger bonus contributed to the unusually high payout, which was "based on the annual run-rate of cost savings achieved by the company" as of his retirement that were attributable to the merger of Stanley and Black & Decker in 2010.

February 7, 2014

At Friday's close, more than half of the 30 stocks rose, with Stanley Black & Decker leading the pack.

January 24, 2014

Stanley Black & Decker's fourth-quarter earnings dropped 89% on a year-ago basis, due in large part to its mergers and acquisitions activities.

December 12, 2013

Stanley Black & Decker released its reaffirmed 2013 guidance and it's outlook for fiscal 2014 on Thursday, both demonstrating steady organic growth for the company of 3% and 4%, respectively.

Earnings per share fell in the range of $4.90 to $5.00 for 2013, and $5.30 to $5.50 for 2014.

December 6, 2013

Stanley Black & Decker's board of directors has added Debra Crew, president of PepsiCo Americas Beverages. Crew joined PepsiCo in 2010 as president of the western region of PepsiCo Europe, and was promoted in 2012. 

Prior to PepsiCo, she held a number of management and leadership roles at Mars, Dreyer’s Grand Ice Cream and Kraft Foods.

October 17, 2013

Stanley Black & Decker (SWK) was down 14.26% on Wednesday, though its third-quarter performance was largely positive.

October 16, 2013

Citing growth across its portfolio, Stanley Black & Decker posted third-quarter revenues of $2.76 billion, up 10% from the same period last year.

Net earnings increased to $166.0 million, up from $115.2 million. 

“Growth was robust across the portfolio with our CDIY and Industrial segments posting another strong organic growth quarter, and with the exception of Europe, Security also achieved solid, mid-single digit organic growth," said CEO John Lundgren.

September 30, 2013

Stanley Black & Decker has been listed on CDP's S&P 500 Climate Performance Leadership Index (CPLI) for the first time, available in the CDP S&P 500 Climate Change Report 2013.

September 5, 2013

Stanley Black & Decker is serving up new products for fall via its Porter-Cable and Bostitch lines, both of which are in the process of launching new power tools.

The Bostitch collection will include corded and 18v cordless tools for contractors, carpenters, remodelers, electricians, plumbers and HVAC professionals.

Specifically, the line features an 18V Cordless Drill/Driver, 18V Cordless Impact Driver, 1/2 inch Hammer Drill, 7-1/4 inch Circular Saw, Orbital Jigsaw, Reciprocating Saw, 4-1/2 inch Angle Grinder and 3/8 inch Corded Drill.

July 26, 2013

Construction and DIY (CDIY) business performed "admirably" for Stanley Black & Decker during its second quarter. But the real new news, according to President and COO James Loree was "the emergence of solid organic growth in industrial and a growing order book in security."

Stanley posted second quarter revenues of $2.9 billion, an increase of 12%. Net earnings increased to $187.1 million, up 20.1% from the same quarter last year.

June 6, 2013

Stanley Black & Decker rolled out a new logo. It's still yellow and black. It still spells "Stanley." But it represents a new brand identity for the iconic tool brand and diverse industrial company. 

April 25, 2013

New Britain, Conn.-based Stanley Black & Decker saw revenues grow, largely as the result of acquisitions.

February 14, 2013

Stanley Works CEO John Lundgren and his wife Tamara Lundgren, CEO of Schnitzer Steel, appeared together on a CNBC video interview.

January 21, 2013

The board of directors of Stanley Black & Decker has announced that CEO John Lundgren has been elected to serve in the additional capacity as chairman of the board, effective March 13, following the expiration of Nolan Archibald’s term as executive chairman of the board.

October 23, 2012

The board of directors of Stanley Black & Decker has announced that Rhonda Gass, chief information officer, has been named an executive officer of the corporation.

Gass joined Stanley Black & Decker as CIO in September. She most recently served as VP IT strategy, technology and governance for Dell Corp.

October 17, 2012

Tool and hardware maker Stanley Black & Decker posted net sales of $2.8 billion for its third fiscal quarter, up 6% over the same quarter last year. Both price and volume were relatively flat, the company said, while currency (-3%) partially offset the contribution from acquisitions (+9%).

Net earnings for the third quarter, which ended Sept. 29, fell 25%. Acquisition charges and shrinking margins on slow sales were to blame, according to the manufacturer.

October 9, 2012

Stanley Black & Decker agreed to sell its Hardware & Home Improvement Group (HHI) to Sectrum Brands Holdings for $1.4 billion in cash.

Part of Stanley's Security segment, the HHI division makes residential locksets, builders hardware and plumbing fixtures under the brands of Kwikset, Weiser, Baldwin, Stanley, National and Pfister. HHI had 2011 revenues of $940 million. 

October 5, 2011

New York City -- Kyle Dancho, Stanley Black & Decker's president of Hand Tools and Fastening, described product successes and economic challenges during a media briefing here at the Westin Hotel in Manhattan.

Despite the economic doldrums that has decimated the ranks of construction workers -- a key target for the company's products -- Dancho said Stanley is growing. Innovation drives success in hand tools, particularly, he added. 

December 9, 2010

New Britain, Conn.-based Stanley Black & Decker President and CEO John Lundgren will present at the Bank Of America Merrill Lynch Global Industrials Conference on Wednesday, Dec. 15th, 2010 at 1:25 pm eastern standard time.

The webcast will be available on the company’s website.  

 

October 31, 2010

New Britain, Conn.-based tool giant Stanley Black & Decker says its corporate integration is moving...

October 19, 2010

The New Britain, Conn.-based tool giant says its corporate integration is moving ahead faster than...

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