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Stanley Black & Decker (SWK)

Stanley Black & Decker is a purpose-driven, $14.5 billion revenue industrial organization. Stanley Black & Decker has 53,000 employees in more than 60 countries and operates the world's largest tools and storage business, the world's second-largest commercial electronic security services company, a leading engineered fastening business as well as Oil & Gas and Infrastructure businesses. The company's iconic brands include BLACK+DECKER, Bostitch, CRAFTSMAN, DEWALT, FACOM, IRWIN, LENOX, Porter Cable and STANLEY. Stanley Black & Decker is a company for the makers and innovators, the craftsmen and the caregivers, and those doing the hard work to make the world a better place.

Company profile

Ticker
SWK, SWT
Exchange
CEO
James Loree
Employees
Incorporated
Location
Fiscal year end
Former names
STANLEY WORKS
SEC CIK
Subsidiaries
3xLogic, Inc. • 3xLogic Indiana, LLC • 3xLogic Florida, LLC • 3-V Fastener Co., Inc. • 8 Commerce Drive, LLC • AeroFit LLC • AeroScout (US) LLC • AeroScout LLC • ASIA FASTENING (US), INC. • B&D Holdings, Inc. ...
IRS number
60548860

SWK stock data

Calendar

28 Apr 22
26 Jun 22
31 Dec 22
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 320.5M 320.5M 320.5M 320.5M 320.5M
Cash burn (monthly) (no burn) 53.18M (no burn) 413.7M 35.02M
Cash used (since last report) n/a 149.2M n/a 1.16B 98.24M
Cash remaining n/a 171.3M n/a -840.1M 222.26M
Runway (months of cash) n/a 3.2 n/a -2.0 6.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Jun 22 Ayers Andrea J. Common Stock Grant Acquire A No No 104.215 25.581 2.67K 3,869.105
21 Jun 22 Ayers Andrea J. Deferred Shares Common Stock Grant Acquire A No No 104.215 58.108 6.06K 8,016.724
21 Jun 22 Campbell Patrick D Common Stock Grant Acquire A No No 104.215 25.581 2.67K 3,400.105
21 Jun 22 Campbell Patrick D Deferred Shares Common Stock Grant Acquire A No No 104.215 167.032 17.41K 22,201.544
21 Jun 22 Cardoso Carlos M Common Stock Grant Acquire A No No 104.215 25.581 2.67K 3,400.105
21 Jun 22 Cardoso Carlos M Deferred Shares Common Stock Grant Acquire A No No 104.215 117.122 12.21K 15,567.646
21 Jun 22 Coutts Robert B Common Stock Grant Acquire A No No 104.215 25.581 2.67K 3,400.105
21 Jun 22 Coutts Robert B Deferred Shares Common Stock Grant Acquire A No No 104.215 150.457 15.68K 19,998.324
21 Jun 22 Crew Debra Ann Common Stock Grant Acquire A No No 104.215 25.581 2.67K 3,400.105
21 Jun 22 Crew Debra Ann Deferred Shares Common Stock Grant Acquire A No No 104.215 67.862 7.07K 9,359.983
89.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 849 906 -6.3%
Opened positions 96 135 -28.9%
Closed positions 153 87 +75.9%
Increased positions 323 328 -1.5%
Reduced positions 280 287 -2.4%
13F shares Current Prev Q Change
Total value 18.61B 26.52B -29.9%
Total shares 134.72M 141.36M -4.7%
Total puts 1.06M 748.95K +42.1%
Total calls 1.6M 597.38K +167.7%
Total put/call ratio 0.7 1.3 -46.9%
Largest owners Shares Value Change
Vanguard 18.62M $2.6B +17.5%
BLK Blackrock 11.02M $1.54B +1.4%
Massachusetts Financial Services 8.1M $1.13B +7.6%
STT State Street 7.57M $1.06B +0.1%
WFC Wells Fargo & Co. 4.63M $647.26M +4.3%
JPM JPMorgan Chase & Co. 4.38M $612.27M -42.1%
Amundi 3.19M $443.92M -16.8%
Barrow Hanley Mewhinney & Strauss 3.14M $438.81M +14.0%
Geode Capital Management 3.08M $430.03M +5.1%
Capital Research Global Investors 3.06M $427.19M -46.3%
Largest transactions Shares Bought/sold Change
JPM JPMorgan Chase & Co. 4.38M -3.19M -42.1%
Vanguard 18.62M +2.77M +17.5%
Capital Research Global Investors 3.06M -2.63M -46.3%
Norges Bank 0 -1.55M EXIT
CFS Investment Advisory Services 1.51M +1.5M +13975.2%
Parnassus Investments 1.3M +1.3M NEW
Gates Capital Management 1.15M +1.15M NEW
Sanders Capital 0 -1.12M EXIT
AMP Ameriprise Financial 1M -1.09M -52.1%
BEN Franklin Resources 1.52M -981.63K -39.3%

Financial report summary

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Risks
  • The continued adverse effects of the COVID-19 pandemic and an indeterminate recovery period could have a materially negative impact on the Company’s business, operations, financial condition, results of operations, and liquidity, the nature and extent of which is highly uncertain.
  • Changes in customer preferences, the inability to maintain mutually beneficial relationships with large customers, inventory reductions by customers, and the inability to penetrate new channels of distribution could adversely affect the Company’s business.
  • The Company faces active global competition and if it does not compete effectively, its business may suffer.
  • Customer consolidation could have a material adverse effect on the Company’s business.
  • Low demand for new products and the inability to develop and introduce new products at favorable margins could adversely impact the Company’s performance and prospects for future growth.
  • The pace of technological change continues to accelerate and the Company's ability to react effectively to such change may present significant competitive risks.
  • The Company has significant operations outside of the United States, which are subject to political, legal, economic and other risks arising from operating outside of the United States.
  • The Company’s success depends on its ability to improve productivity and streamline operations to control or reduce costs.
  • The Company’s results of operations could be negatively impacted by inflationary or deflationary economic conditions which could affect the ability to obtain raw materials, component parts, freight, energy, labor and sourced finished goods in a timely and cost-effective manner, as well as lead to changes in interest rate environments which impact its cost of funds, the general strength of the economy and demand for its products in the market.
  • Uncertainty about the financial stability of economies outside the U.S. could have a significant adverse effect on the Company's business, results of operations and financial condition.
  • The Company has incurred, and may incur in the future, significant indebtedness, and may in the future issue additional equity securities, including in connection with mergers or acquisitions, which may impact the manner in which it conducts business or the Company’s access to external sources of liquidity. The potential issuance of such securities may limit the Company’s ability to implement elements of its growth strategy and may have a dilutive effect on earnings.
  • The Company is exposed to counterparty risk in its hedging arrangements.
  • Tight capital and credit markets or the failure to maintain credit ratings could adversely affect the Company by limiting the Company’s ability to borrow or otherwise access liquidity.
  • The Company is exposed to credit risk on its accounts receivable.
  • If the Company were required to write-down all or part of its goodwill, indefinite-lived trade names, or other definite-lived intangible assets, its net income and net worth could be materially adversely affected.
  • If the investments in employee benefit plans do not perform as expected, the Company may have to contribute additional amounts to these plans, which would otherwise be available to cover operating expenses or other business purposes.
  • The successful execution of the Company’s business strategy depends on its ability to recruit, retain, train, motivate, and develop employees and execute effective succession planning.
  • Expansion of the Company’s activity in emerging markets may result in risks due to differences in business practices and cultures.
  • The Company’s brands are important assets of its businesses and violation of its trademark rights by imitators, or the failure of its licensees or vendors to comply with the Company’s product quality, manufacturing requirements, marketing standards, and other requirements could negatively impact revenues and brand reputation. Any inability to protect the Company's other intellectual property rights could also reduce the value of its products and services or diminish its competitiveness.
  • The Company is exposed to risks related to cybersecurity.
  • Significant judgment and certain estimates are required in determining the Company’s worldwide provision for income taxes. Future tax law changes and audit results may materially increase the Company’s prospective income tax expense.
  • The Company’s failure to continue to successfully avoid, manage, defend, litigate and accrue for claims and litigation could negatively impact its results of operations or cash flows.
  • The Company’s products could be recalled.
  • The Company’s sales to government customers exposes it to business volatility and risks, including government budgeting cycles and appropriations, procurement regulations, governmental policy shifts, early termination of contracts, audits, investigations, sanctions and penalties.
  • The Company’s results of operations and earnings may not meet guidance or expectations.
  • The Company has identified material weaknesses in its internal control over financial reporting. If not remediated, the Company’s failure to establish and maintain effective disclosure controls and procedures and internal control over financial reporting could result in material misstatements in its financial statements and a failure to meet its reporting and financial obligations, each of which could have a material adverse effect on the Company’s financial condition and the trading price of its common stock.
Management Discussion
  • ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Throughout this Management's Discussion and Analysis (“MD&A”), references to Notes refer to the "Notes To (Unaudited) Condensed Consolidated Financial Statements" in Part 1, Item 1 of this Form 10-Q, unless otherwise indicated.
  • The Company is a diversified global provider of hand tools, power tools, outdoor products and related accessories, engineered fastening systems and products, and services and equipment for oil & gas and infrastructure applications. The Company continues to execute a growth and acquisition strategy that involves industry, geographic and customer diversification to foster sustainable revenue, earnings and cash flow growth. The Company remains focused on delivering above-market organic growth with margin expansion by leveraging its proven and long-standing Stanley Black & Decker Operating Model (“SBD Operating Model”) which has continually evolved over the past 15 years as times have changed. At the center of the SBD Operating Model is the concept of the interrelationship between people and technology, which intersect and interact with the other key elements: Performance Resiliency, Extreme Innovation, Operations Excellence and Extraordinary Customer Experience. Each of these elements co-exists synergistically with the others in a systems-based approach. The Company will leverage the SBD Operating Model to continue making strides towards achieving its vision of delivering top-quartile financial performance, becoming known as one of the world’s leading innovators and elevating its commitment to social responsibility.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Patents

Utility
Grass Treatment System and Method
23 Jun 22
A method of removing debris from an area of turf grass can include providing a grass treatment system including a comb having a leading edge comprising a plurality of comb teeth, wherein the comb is mounted transversely to a direction of travel, and a substantially cylindrical brush positioned above the comb and configured to engage at least a portion of a top surface of the comb, wherein the brush rotates relative to the comb.
Utility
Bi-directional Screwdriver
23 Jun 22
In a bi-directional screwdriver, the screwdriver may include a handle, a main housing, and a gearing assembly, which is mounted on the idle gear axle on the transmission seat and is fitted between the driving gear and the driven gear for transferring motion.
Utility
Impact Tools and Control Modes
23 Jun 22
An impact power tool includes a housing, a motor, a controller, an output member configured to be rotated when the motor is energized, and an impact mechanism configured to rotationally drive the output member.
Utility
Impact Tools and Control Modes
23 Jun 22
An impact power tool includes a housing, a motor, a controller, an impact mechanism configured to be driven by the motor, and an output spindle configured to receive rotational impacts from the impact mechanism to rotate the output spindle.
Utility
Impact Power Tool
23 Jun 22
An impact power tool includes one or more of the following features including a housing, a motor, an output spindle, a rotary impact assembly, and a planetary transmission having a fixed ring gear and rotatable planet gear carrier.