Stanley Black & Decker Inc - Company Profile
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Business Description
Stanley Black & Decker Inc (Stanley) is a provider of industrial equipment, which manufactures and supplies hand tools, power tools and related accessories, engineered fastening systems and products, equipment, and provides related services for the oil & gas and infrastructure applications, healthcare solutions, commercial electronic security and monitoring systems, and mechanical access solutions. The company markets its offerings under the BLACK+DECKER, FLEXVOLT, PROTO, MAC TOOLS, AeroScout, Powers, LISTA, Vidmar, SONITROL, GQ, FACOM, Craftsman, Lenox, Irwin, Bostitch, DeWALT, Porter-Cable and Stanley brands.
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R&D Overview
Stanley's research and development efforts focus on innovating new and breakthrough solutions. It intends to invest in disruptive technologies and solutions that can capture the market. It develops new products and solutions with an emphasis on electrification. Stanley’s innovation ecosystem utilizes both internal resources and external resources through collaborations with entrepreneurs, academic institutions, and research labs. This allows the company to develop various technologies within tools, outdoor, engineered fastening, infrastructure, and aerospace manufacturing. In FY2022, Stanley spent US$357.4 million on R&D, which accounted for 2.1% of the company’s revenue.
Business Segments
Overview
Includes the Engineered Fastening and Infrastructure businesses. Engineered Fastening business sells engineered fastening products and systems. Product offerings include blind inserts and tools, drawn arc weld studs and systems, blind rivets and tools, self-piercing riveting systems and precision nut running systems, engineered plastic and mechanical fasteners, micro fasteners and high-strength structural fasteners. Serves customers in the automotive, electronics, construction, manufacturing and aerospace industries. Infrastructure business includes the Oil & Gas and Hydraulics businesses. Sells products to customers in the oil and natural gas pipeline and other. Sells and rents custom pipe handling, joint welding and coating equipment for the construction of large and small diameter pipelines and provides pipeline inspection services. Also, sells hydraulic tools and accessories. Distributes offerings through direct sales forces and third-party distributors.
Performance
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Overview
Includes the Power Tools and Equipment (PTE), Hand Tools, Accessories & Storage (HTAS) and Outdoor Power Equipment (Outdoor) businesses. Sells products to professional end users, retail consumers, distributors and industrial customers. PTE offers professional and consumer products. Professional products include corded and cordless electric power tools and equipment, drills, grinders, impact wrenches and drivers, routers and sanders, saws. Also, offers pneumatic tools and fasteners including nails, staplers and staples, nail guns, concrete and masonry anchors. Consumer products include corded and cordless electric power tools that are sold under the BLACK+DECKER brand; lawn and garden products including hedge trimmers, string trimmers, edgers and related accessories, and lawn mowers; and home products such as hand-held vacuums, paint tools and cleaning appliances. HTAS business sells hand tools, power tool accessories and storage products. Hand tools include measuring, hammers, demolition tools, planes, leveling and layout tools, knives, clamps, vises, saws, chisels and industrial and automotive tools. Power tool accessories include screwdriver bits, abrasives, router bits, drill bits, saw blades and threading products. Storage products: sawhorses, tool-boxes, medical cabinets and engineered storage solution products. Distributes products through retailers, including home centers, mass merchants, hardware stores and retail lumber yards; third-party distributors; and direct sales force. Outdoor business sells products related to household chores such as corded and cordless electric garden products such as hedge trimmers, string trimmers, lawn mowers, pressure washers; and gas powered lawn and garden products, including lawn tractors, zero turn ride on mowers, walk behind mowers, snow blowers, residential robotic mowers, utility terrain vehicles (UTVs), handheld outdoor power equipment, garden tools and parts and accessories to professionals and consumers. In FY2022, the capital and software expenditure stood at US$438.5 million.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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