Stanley Black & Decker Inc.

DEWALT is growing above the market and taking share as Stanley Black & Decker expands the brand into commercial, industrial and infrastructure applications. The company is targeting a roughly 35% gross margin (up from ~32%) through product platforming, lean manufacturing, automation and consolidation of its production footprint without relying on a demand recovery. It has shifted much production to North America to cut tariff exposure and expects share repurchases to be the near-term capital-allocation priority while pursuing tools-focused acquisitions. Management sees productivity and commercial initiatives supporting EBITDA growth, cash generation and broader capital deployment over the next 12–24 months. » More on finance.yahoo.com

Stanley Black & Decker has reached a definitive agreement to sell Excel Industries to Bad Boy Mowers. Excel, maker of Hustler riding and zero-turn mowers, is expected to generate about $300 million in revenue for fiscal 2026. The transaction is subject to regulatory approvals and customary closing conditions; no dilution to adjusted earnings per share is expected. Until closing, Excel’s results will remain in continuing operations. BofA Securities and Cravath, Swaine & Moore are advising Stanley Black & Decker. » More on de.investing.com

Stanley Black & Decker will close its underperforming Hampstead, Maryland facility, with layoffs beginning Oct. 23, 2026 and the site scheduled to close by March 26, 2027. The company cited a steady decline in volumes for materials produced at the plant and plans to offer transfers to other U.S. sites, severance and job placement support for affected employees. The Hampstead site previously served powdered metal manufacturing and limited warehousing after decades of changing operations. » More on finance.yahoo.com