- Business
- Stanley Black & Decker, Inc. (SWK) manufactures and markets a broad range of hand tools, power tools, accessories, storage solutions, outdoor power equipment, and engineered fastening systems; key brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, and Cub Cadet; the company serves professional tradespeople, DIY consumers, industrial clients, and automotive sectors worldwide across more than 60 countries. Founded in 1843 and headquartered in New Britain, Connecticut, the company operates approximately 50 manufacturing facilities in the United States and over 100 globally with around 50,000 employees. Stanley Black & Decker focuses on the Tools & Outdoor and Engineered Fastening segments, providing innovative products for construction, home improvement, infrastructure, and fastening applications.
In recent developments, Stanley Black & Decker sold its STANLEY Infrastructure business to Epiroc AB in April 2024, streamlining its portfolio toward core tools and fastening operations; the company acquired MSUITE in 2025 following a prior investment by its venture arm, enhancing digital jobsite solutions; it renamed its Industrial segment to Engineered Fastening in early 2025 to reflect a more focused strategy post-divestitures. The firm continues its multi-year Global Cost Reduction Program, achieving nearly $2 billion in pre-tax run-rate savings by third quarter 2025, driving gross margin expansion to 31.6% and targeting 35% long-term through supply chain shifts, including reducing U.S.-sourced supply from China below 5% by 2026. Third quarter 2025 results showed stable net sales of $3.76 billion, DEWALT brand growth, and adjusted EPS guidance of approximately $4.55 for the year amid tariff mitigations and operational efficiencies.