industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc. electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators, grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.) Net sales break down by family of products as follows: specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Presents at 14th Annual Global Industrials, Materials & Building Products Conference, Jun-07-2023 10:00 AM Transcript : Stanley Black & Decker, Inc. Presents at 2023 Wells Fargo Industrials Conference, Jun-13-2023 01:25 PM Announces CRAFTSMAN Expands Premium V-Series Line to Include Metal Tool Storage SEC Settles Charges Against Stanley Black & Decker For Failing to Disclose Executive Perks SEC Settles Charges Against Stanley Black & Decker - Update Stanley Black & Decker Settles Charges With SEC Regarding Failure to Disclose Executive Perksīlack+DECKER Launches Cordless Black+Decker®? Cocktail MakerĬorrection to Stanley Black & Decker SEC Settlement Article Wells Fargo Adjusts Price Target on Stanley Black & Decker to $95 From $90, Maintains Equal-Weight Rating MORNING BID AMERICAS-August cools Wall St stocks Street Est of $4.13BĮarnings Flash (SWK) STANLEY BLACK & DECKER Reports Q2 EPS $-0.11, vs. Revises Earnings Guidance for the Year 2023Įarnings Flash (SWK) STANLEY BLACK & DECKER Reports Q2 Revenue $4.16B, vs. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023 North American Morning Briefing: Latest China -2. Stanley Black & Decker Swings to Q2 Adjusted Loss as Net Sales Decline Stanley Black & Decker posts narrower-than-expected quarterly loss on cost cuts Transcript : Stanley Black & Decker, Inc., Q2 2023 Earnings Call, Aug 01, 2023 Mizuho Adjusts Stanley Black & Decker's Price Target to $100 From $90, Keeps Neutral RatingĪNALYST RECOMMENDATIONS : Caterpillar, AMD, Skechers, JetBlue.īaird Adjusts Price Target on Stanley Black & Decker to $92 From $85, Maintains Neutral Rating Morgan Stanley Adjusts Price Target on Stanley Black & Decker to $99 From $90, Maintains Equalweight RatingĬitigroup Adjusts Stanley Black & Decker's Price Target to $110 From $98, Keeps Neutral Rating Morgan Stanley acted as financial advisor to Stanley Black & Decker. Cleary Gottlieb Steen & Hamilton LLP and Barbosa, Müssnich & Aragão Advogados acted as legal advisor to Stanley Black & Decker. Machado, Meyer, Sendacz e Opice acted as legal advisor to KPS and IES. The acquisition will be modestly accretive to Stanley Black & Decker's EPS in 2019, and accretive to EPS by approximately $0.25 - $0.3 by year three, excluding charges.Īngelo Bonvino and Ji Lu of Paul, Weiss, Rifkind, Wharton and Garrison LLP acted as legal advisor and Deutsche Bank acted as financial advisor to KPS and IES. As of February 26, 2019, the transaction is expected to close in the first half of 2019. The acquisition is subject to customary closing conditions, including regulatory approvals. On January 29, 2019, the agreement was amended to exclude the mobile processors business. The acquisition will be accounted for as a business combination and consolidated into the Stanley Black & Decker's Industrial segment. Paladin Brands, LLC, Genesis Attachments, LLC and Pengo Corporation reported $400 million in LTM revenues. The acquisition will be integrated with the Hydraulic Tools business within the Industrial segment of Stanley. The transaction will be funded with available cash and proceeds from borrowings. The agreement excludes the IES cabs business sold under the Crenlo and other brand names. (NYSE:SWK) entered into a definitive agreement to acquire Paladin Brands, LLC, Genesis Attachments, LLC and Pengo Corporation from International Equipment Solutions, LLC for $690 million in cash on August 6, 2018.
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