SWK - Stanley Black & Decker, Inc.
Company Overview
Name
Stanley Black & Decker, Inc.
Tickers
SWK
Exchanges
NYSE
Employees
50500
Founded
1843
Sector Information
Other Information
CIK
93556
Category
Large accelerated filer
1-Line Summary
A global leader in tools and engineered fastening solutions, Stanley Black & Decker specializes in innovative outdoor and power products.
Company summary
Stanley Black & Decker, Inc. is a leading global provider of tools, outdoor products, and engineered fastening solutions, with a strong revenue performance of $15.8 billion in 2023. The company operates through two main segments: Tools & Outdoor and Industrial. Its Tools & Outdoor segment includes well-known brands like DEWALT, CRAFTSMAN, and BLACK+DECKER, offering a wide range of power tools, hand tools, outdoor equipment, and storage solutions. The Industrial segment focuses on engineered fastening and infrastructure solutions, catering to diverse industries that require specialized components and equipment.
In recent years, Stanley Black & Decker has emphasized strategic acquisitions and divestitures to streamline its portfolio, enhance market penetration, and support innovation. The company's ongoing business transformation aims to achieve organic revenue growth, return to historical gross margins of over 35%, and optimize its operations and supply chain. Sustainability and environmental goals are also integrated into its operations, reflecting a commitment to reducing its environmental footprint while fostering a diverse and inclusive workplace.
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