Stanley Black & Decker Inc (SWK) News & EventsSWKStanley Black & Decker Inc

Stanley Black & Decker Sells Excel Industries Business

Stanley Black & Decker announced that it has entered into a definitive agreement to sell its Excel Industries business to Bad Boy Mowers. Excel, which is primarily made up of the professional-grade, gas-powered, ride-on and zero-turn mowers under the Hustler brand, is expected to generate FY26 revenue of approximately $300M. The transaction is subject to regulatory approval and other customary closing conditions. The company does not expect the transaction to be dilutive to adjusted EPS. Until the transaction closes, the results of Excel will remain in continuing operations and will not be reclassified as discontinued operations. Chris Nelson, Stanley Black & Decker's President & CEO, commented, "The sale of Excel further refines our portfolio and unlocks greater shareholder value by concentrating resources on the areas where we see the most compelling opportunities to grow and win. We remain committed to growing our Outdoor business through innovation and our strong family of brands, including Cub Cadet, Dewalt, Craftsman, Troy-Bilt, and Black+Decker. We are excited about the high-growth opportunities presented in electric outdoor products, and we will continue to thoughtfully invest in high-performance, residential ride-on and zero-turn mowers. We are confident in our plans to drive organic growth and margin expansion across this portion of our business."

Stanley Black & Decker Invests $1B to Drive Innovation

As U.S. infrastructure investment accelerates, the construction sector faces a critical challenge: deploying cutting-edge tools and technologies to boost productivity while closing a widening skilled trades gap, with nearly half a million new workers needed by 2027. Against this backdrop, Stanley Black & Decker is investing $1B in the U.S. to advance innovation, develop next-generation tools and solutions, and increase access to training opportunities to expand the skilled trades workforce. Of the $1B Stanley Black & Decker plans to invest through 2028, approximately 50% will go to research and development to accelerate the creation of next-generation tools and breakthrough solutions for trades professionals. The other 50% will support capital expenditures and long-term investments to further strengthen its U.S. manufacturing footprint and support new product development. In addition, Stanley Black & Decker has committed to investing $60M through its DEWALT Grow the Trades initiative through 2030 - of which $27M has already been deployed - to expand training programs and open new pathways to rewarding careers in the skilled trades.

Stanley Black & Decker Reports Q2 Revenue of $3.96B

Reports Q2 revenue $3.96B, consensus $3.96B. Chris Nelson, Stanley Black & Decker's President & CEO, commented, "The Stanley Black & Decker team is committed to executing our strategy and delivering profitable, organic growth. Our second quarter sales, gross margin, and cash performance keep us firmly on track to achieve our full-year targets. We further strengthened the balance sheet and executed on our capital deployment strategy. In addition, the tariff refunds are supporting incremental growth investments."