Citable filing context

SWK filing events and research context

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SWK's research view summarizes recent SEC filing context, starting with divestiture from Sep 4, 2026.

SWK filing events and research context
FiledItemContext
Sep 4, 2026divestitureStanley Black & Decker agreed to sell its Excel Industries business to Bad Boy Mowers.
Jul 29, 2026earningsStanley Black & Decker reported Q2 2026 results, raised full-year EPS guidance, and reduced debt by $1.7 billion.
Jun 24, 2026debt_offeringSWK entered into a $1.0 billion 364-day credit agreement and a $2.0 billion five-year credit agreement.
Sep 4, 2026Guidance: revenuenot reported to not reported
Jul 29, 2026Guidance: adjusted_eps5.20 to 5.80
Jul 29, 2026Guidance: free_cash_flow600.00 to 800.00
Jul 29, 2026mda_quarterlyStanley Black & Decker (SWK) reported a strong second quarter for 2026, highlighted by the $1.8 billion divestiture of its Consolidated Aerospace Manufacturing (CAM) business. The company utilized the majority of these proceeds to reduce debt and execute $250 million in open-market share repurchases. Financial performance was bolstered by a $118 million pre-tax gain from IEEPA tariff refunds, which was partially offset by $83.4 million in related incentive compensation and growth investments. Net sales remained flat at $3.96 billion, as volume growth in the Tools & Outdoor segment was offset by the CAM divestiture. Tools & Outdoor organic revenue grew 3%, driven by DEWALT power tools in U.S. retail and commercial channels. Engineered Fastening organic revenue rose 3%, supported by automotive fastener growth. The company continues to focus on operational excellence, having completed its $2.1 billion Global Cost Reduction Program in 2025. Management updated its 2026 full-year guidance, raising the GAAP diluted EPS range to $4.60–$5.45 and targeting free cash flow of $600–$800 million. Risks remain regarding potential Section 301 tariffs and inflationary pressures on battery metals and oil derivatives. The company maintains a strong liquidity position, supported by new five-year and 364-day credit facilities.
Apr 29, 2026mda_quarterlyNet sales for the first quarter of 2026 increased 3% to $3.846 billion, as pricing and foreign currency gains offset a 3% decline in volume. The Tools & Outdoor segment saw a 2% sales increase, though organic revenue fell 1% due to lower North American retail volumes. Conversely, the Engineered Fastening segment grew 10%, driven by robust aerospace and automotive demand. A pivotal strategic development was the $1.8 billion sale of the Consolidated Aerospace Manufacturing business to Howmet Aerospace, with proceeds primarily used to reduce commercial paper debt. Following this divestiture, the Board approved a new $500 million share repurchase program. Despite completing a Global Cost Reduction Program that yielded $2.1 billion in run-rate savings, the company recognized $44.9 million in restructuring charges related to supply chain reorganizations and plant closures. Tariff volatility remains a key risk; following the invalidation of IEEPA tariffs and the implementation of Section 122 tariffs, the company is reducing China-based production for the U.S. market by early 2027. Full-year 2026 GAAP EPS guidance is $4.15 to $5.35, incorporating the expected gain from the CAM sale, with a free cash flow target of $500 to $700 million.

Source: SEC EDGAR filing text and events; period Sep 4, 2026; filed Sep 4, 2026.

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