| Market Capitalization (Millions $) |
17,058 |
| Shares
Outstanding (Millions) |
160 |
| Employees |
50,500 |
| Revenues (TTM) (Millions $) |
15,584 |
| Net Income (TTM) (Millions $) |
-263 |
| Cash Flow (TTM) (Millions $) |
-89 |
| Capital Exp. (TTM) (Millions $) |
423 |
Stanley Black And Decker Inc
Stanley Black & Decker Inc. is a prominent American multinational corporation formed from the merger of Stanley Works and Black & Decker in 2010. The company, headquartered in New Britain, Connecticut, specializes in the manufacturing and marketing of tools, industrial products, and security solutions.
History and Development
- Stanley Works: Founded in 1843 by Frederick T. Stanley in New Britain, Connecticut, as a bolt manufacturer, the company quickly expanded its range to include hand tools and other hardware products. It was incorporated in 1852 and grew substantially over the decades, becoming known for its innovative tools.
- Black & Decker: Founded in 1910 by S. Duncan Black and Alonzo G. Decker in Baltimore, Maryland, Black & Decker started by producing a portable electric drill. The company gained recognition for its electric power tools and household appliances.
Merger
In 2010, the two iconic brands merged to form Stanley Black & Decker, creating one of the worlds largest tool manufacturers. This merger combined Stanleys strength in hand tools with Black & Deckers focus on electric tools, enhancing the portfolio of products offered by the company.
Business Segments
Stanley Black & Decker operates in several key segments:
1. Tools & Storage: This segment includes power tools, hand tools, tool storage products, and accessories. The company offers well-known brands like DeWalt, Stanley, Craftsman, and Bostitch.
2. Industrial: Focused on manufacturing and supplying industrial tools, fasteners, and electronic security products. This division serves various sectors, including aerospace, construction, and automotive.
3. Security: Stanley Black & Decker provides electronic security solutions, including access control systems and locking mechanisms, through its Stanley Security division.
Global Presence
Stanley Black & Decker has a significant global footprint, operating in over 60 countries and selling products in more than 100 countries. The company employs thousands of workers worldwide; its manufacturing facilities are spread across North America, Europe, Asia, and other regions.
Innovation and Sustainability
Innovation is a key focus for Stanley Black & Decker, with the company investing significantly in research and development. It seeks to enhance product performance and ease of use for both professional and consumer markets.
The company is also committed to sustainability, aiming to reduce its environmental impact through energy-efficient manufacturing processes, waste reduction, and development of more sustainable products.
Financial Performance
Stanley Black & Decker has demonstrated robust financial performance, often reporting strong revenue growth driven by the continued demand for tool and manufacturing products, especially in the residential and commercial construction sectors. The companys stock is publicly traded on the New York Stock Exchange under the ticker symbol SWK.
Recent Developments
As of recent updates, Stanley Black & Decker continues to advance its digital transformation strategy, integrating technology into its products and services to enhance user experience. The company is making strides in the area of smart tools and connected solutions, catering to the growing trend of IoT (Internet of Things) in the tools and manufacturing industries.
In addition, Stanley Black & Decker has made efforts to expand its presence in emerging markets, tapping into new customer bases and exploring additional product lines to meet diverse consumer needs.
Overall, Stanley Black & Decker Inc. remains a leader in the tools and industrial solutions market, with a legacy of quality and a commitment to innovation and sustainability.
Company Address: 1000 STANLEY DRIVE NEW BRITAIN 6053 CT
Company Phone Number: 225-5111 Stock Exchange / Ticker: NYSE SWK
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