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.

• Employees: Approximately 50,500 (as of December 30, 2023)
• Geographic Footprint: 59 countries
• Headquarters: New Britain, CT
• Founded: 1843
• Number of locations/facilities: 121
• Revenue: $15.8 billion (FY2023)
• Key Subsidiaries/Brands: DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, CUB CADET®, TROY-BILT®, HUSTLER®

• CEO: Donald Allan, Jr.
• CFO: Patrick D. Hallinan
• Chief Supply Chain Officer: Tamer K. Abuaita
• General Counsel and Secretary: Janet M. Link
• Chief Human Resources Officer: John T. Lucas
• Chief Operating Officer: Christopher J. Nelson
• President, STANLEY Industrial: Graham N. Robinson

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.

• Annual Revenue: $15.8 billion (FY2023)
• Net Income: $218.7 million (Non-GAAP)
• Total Assets: Not specified in overview
• Number of Employees: Approximately 50,500 (as of December 30, 2023)
• Key Financial Highlights: The company is focused on improving profitability and cash flow through a global cost reduction program and supply chain transformation.

The company offers a wide range of products and services across its segments:

• Power Tools: Professional-grade corded and cordless electric power tools and equipment under the DEWALT® brand. DIY and tradesperson focused products under the CRAFTSMAN® brand and consumer home products under the BLACK+DECKER® brand.
• Hand Tools, Accessories & Storage: Hand tools, power tool accessories, and storage products for industrial and automotive use.
• Outdoor Power Equipment: Corded and cordless electric lawn and garden products, and gas-powered lawn and garden products under the DEWALT®, CRAFTSMAN®, CUB CADET®, BLACK+DECKER®, and HUSTLER® brand names.
• Engineered Fastening: Highly engineered components such as fasteners, fittings and various engineered products designed for specific applications across multiple verticals.
• Infrastructure: Attachments used on excavators, and handheld hydraulic and battery-powered tools for infrastructure, construction, scrap recycling, demolition, and railroad infrastructure.

The company operates through two reportable segments:

• Tools & Outdoor: Generated $13.4 billion in revenue in 2023, representing 85% of the company's total revenues.
• Industrial: Generated $2.4 billion in revenue in 2023, representing 15% of the company's total revenues.

The company's current strategic priorities include:

• Advancing innovation, electrification, and global market penetration to achieve organic revenue growth of 2 to 3 times the market.
• Streamlining and simplifying the organization, and investing in initiatives that more directly impact the Company's customers and end users.
• Returning adjusted gross margins to historical 35%+ levels by accelerating the operations and supply chain transformation.
• Prioritizing cash flow generation and inventory optimization.

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.

• Strategic Risks: The company's ability to recruit, retain, train, motivate, and develop employees, as well as successfully execute organizational change and management transitions at leadership levels, is critical to its success. Acquisitions, divestitures, and strategic investments may result in financial results that are different than expected.
• Business and Operational Risks: The company is subject to risks associated with sourcing, manufacturing, and maintaining appropriate inventory levels, including global supply chain constraints and geopolitical tensions. Changes in customer preferences, the inability to maintain relationships with large customers, and the inability to penetrate new channels of distribution could adversely affect the company's business. The company faces active global competition and if it does not compete effectively, its business may suffer.
• Financial Risks: The company has incurred, and may incur in the future, significant indebtedness, which may impact its access to external sources of liquidity. The company is exposed to counterparty risk in its hedging arrangements. Tight capital and credit markets or the failure to maintain credit ratings could adversely affect the company's ability to borrow or otherwise access liquidity.
• Legal, Tax, Regulatory and Compliance Risks: The company's operations are subject to numerous federal, state and local laws and regulations, both within and outside the U.S. Cybersecurity incidents could disrupt business operations and result in the loss of critical and confidential information. The company is exposed to risks related to compliance with data privacy laws. Significant judgment and certain estimates are required in determining the company's worldwide provision for income taxes. Climate change legislation or regulations and changing market trends in response to climate change may adversely affect the company's business.