Sector: Industrials|Industry: Tools & Accessories|Market Cap: $12.74B|Employees: 50K
Stanley Black & Decker, Inc. provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products. This segment sells its products under the DEWALT, CRAFTSMAN, CUB ADET, BLACK+DECKER, and HUSTLER brands through retailers, third-party distributors, independent dealers, and a direct sales force. The company's Industrial segment provides threaded fasteners, blind rivets and tools, blind inserts and tools, drawn arc weld studs and systems, engineered plastic and mechanical fasteners, self-piercing riveting systems, precision nut running systems, micro fasteners, high-strength structural fasteners, axel swage, latches, heat shields, pins, couplings, fitting, and other engineered products; and attachments used on excavators and handheld tools. This segment sells its products through direct sales force and third-party distributors to the automotive, manufacturing, electronics, construction, aerospace, and other industries. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. Stanley Black & Decker, Inc. was founded in 1843 and is headquartered in New Britain, Connecticut.
Stanley Black & Decker, Inc. is a global provider of hand tools, power tools, outdoor products, and engineered fastening solutions. The company's core business model revolves around designing, manufacturing, and distributing these products through various channels, including retailers, distributors, and direct sales. It holds leading market positions with iconic brands such as DEWALT®, CRAFTSMAN®, STANLEY®, and BLACK+DECKER®. The company operates across key markets including the United States, Europe, and emerging markets.
Key executives have extensive experience in their respective fields. Donald Allan, Jr. has been with the company in various roles since 1999, becoming CEO in July 2022. Patrick Hallinan joined as CFO in April 2023.
The company offers a wide range of products and services across its segments:
The company operates through two reportable segments:
The company's current strategic priorities include:
The company is also focused on its ESG strategy, emphasizing diversity, equity, and inclusion, sustainable innovation, and responsible operations. The company is implementing a climate science-based plan to reduce its internal operational GHG emissions.
The company operates in the tools, outdoor, and engineered fastening industries. It faces active competition from both larger and smaller companies, including those offering private label brands. Key market trends include the increasing demand for electrification, sustainability, and innovative products. The company competes based on product quality, brand reputation, customer service, and its breadth of product lines. Major competitors include companies offering similar products and services.
(Generated from latest 10-K filing)