Summary
Stanley Black & Decker was formed from the combination of Stanley Works and Black & Decker in 2010. The company’s headquarters is in New Britain, Connecticut, where Stanley has been based. The company generated approximately $15.8 billion in 2022 revenue. SWK operates within a divisional structure, with approximately 85% of revenue coming from the Tools and Storage segment, about 15% from the Industrial segments. Approximately 60% percent of revenue is generated in the U.S. The company has now paid a dividend for 147 consecutive years and raised it for 56 consecutive years. Key brands include: Stanley, Craftsman, DeWalt, Black & Decker, Cub Cadet, and Troy-Built. The Tools & Outdoor segment is approximately 47% power tools; 28% hand tools; storage, and accessories; and 25% outdoor equipment. The Industrial segment is 75% engineered fastening and 25% infrastructure. The company expects to divest the Infrastructure business in 1Q24.
Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Source: finance.yahoo.com