$SWK (Stanley Black & Decker, Inc.)

$SWK {{ '2016-02-17T17:01:18+0000' | timeago}} • Announcement

$SWK, maker of industrial tools and household hardware, said its BoD approved a regular 1Q cash dividend of $0.55 per common share. The dividend is payable on March 22 to shareholders of record as of the close of business on March 2.

$SWK {{ '2017-07-20T11:27:26+0000' | timeago}} • Announcement

$SWK's BoD approved a $0.05 increase of its quarterly cash dividend to $0.63 per common share. The dividend is payable on Sept. 19, 2017 to shareholders of record on Sept. 1, 2017.

$SWK {{ '2017-05-17T12:52:45+0000' | timeago}} • Announcement

$SWK continues to expects 2017 EPS of $7.95-8.15 and adjusted EPS of $7.08-7.28. The company also reiterated its free cash flow conversion estimate of about 100%. The company also reaffirmed that its 2018 financial vision from its prior Investor Day is achievable.

$SWK {{ '2017-05-17T12:51:18+0000' | timeago}} • Announcement

$SWK reaffirmed its 2017 guidance and provided a strategic update, including an update on M&A and the company's recent acquisitions of the Craftsman brand and the Lenox and Irwin businesses. $SWK has a strong vision for where to take this company, with a goal of profitably doubling the size of the company to $22Bil in revenue by 2022.

$SWK {{ '2017-05-11T12:33:25+0000' | timeago}} • Announcement

$SWK plans to sell 6.5MM equity units, each with a stated amount of $100. The company expects the units will initially consist of an aggregate of 650,000 shares of 0% Series C Cumulative Perpetual Convertible Preferred Stock, with aggregate liquidation preference of $650MM, and contracts to buy, for aggregate of $650MM, shares of its common stock.

$SWK {{ '2017-04-21T13:16:35+0000' | timeago}} • Webcast

$SWK expects the GM trend to continue to be accretive throughout the year. The company added that it won't be of the same magnitude of what it was in 1Q17, but expects to have good accretion.

$SWK {{ '2017-04-21T13:04:26+0000' | timeago}} • Webcast

$SWK stated that on the M&A landscape, the company spent almost $3Bil and is integrating fast the two major acquisitions in Tools. The company added that 2017 is going to be a year of digestion for the most part, both from a financial and operational bandwidth point of view.

$SWK {{ '2017-04-21T11:37:27+0000' | timeago}} • Announcement

For FY17, $SWK now expects EPS in the range of $7.95-8.15, up from previous guidance of $7.63-7.83 on a GAAP basis and $7.08-7.28, up from $6.98-7.18 on an adjusted basis. The company also reiterated its free cash flow conversion estimate of approx. 100%.

$SWK {{ '2017-04-21T11:27:53+0000' | timeago}} • Announcement

Manufacturer of industrial tools and household hardware $SWK reported a jump in 1Q17, helped by organic growth and operating margin improvements. Net income more than doubled to $393.1MM or $2.59 per share from $189.4MM or $1.28 per share a year ago. Net sales grew 4.99% to $2.81Bil, as positive volume and acquisitions more than offset currency.

$SWK {{ '2017-04-20T19:16:24+0000' | timeago}} • Announcement

$SWK's BoD approved 2Q17 cash dividend of $0.58 per common share. The dividend is payable on June 20, 2017 to shareholders of record on June 7, 2017.

$V {{ '2017-04-18T21:00:52+0000' | timeago}} • Announcement

$V's BoD appointed John Lundgren as a new independent director, effective immediately. Lundgren will also serve as a member of the board's audit and risk committee. Lundgren was CEO of $SWK from March 2010 until his retirement in July 2016 and also served as chairman until December 2016.

$NWL {{ '2017-03-10T13:25:54+0000' | timeago}} • Announcement

$NWL has completed the sale of its Tools business, including the Irwin, Lenox and Hilmor brands, to $SWK. Gross proceeds from the transaction were approx $1.95Bil. US-based proceeds will be primarily used to pay down debt and accelerate its deleveraging.

$SWK {{ '2017-03-10T13:08:02+0000' | timeago}} • Announcement

$SWK acquired the Tools business of Newell Brands for $1.95Bil in cash. The transaction is expected to be immediately accretive to EPS, adding about $0.24 per share in 2017. $SWK now expects 2017 EPS to be $7.63-7.83 per share, and adjusted EPS to be $6.98-7.18 per share.

$SWK {{ '2017-03-09T13:27:35+0000' | timeago}} • Announcement

$SWK completed its purchase of the Craftsman brand from $SHLD for a net present value of about $900MM in cash, giving $SWK the right to develop, manufacture and sell Craftsman-branded products outside the $SHLD and Sears Hometown & Outlet Stores distribution channels.

$SWK {{ '2017-02-23T13:36:50+0000' | timeago}} • Announcement

$SWK said, through its sale of a majority of its Mechanical Security businesses, it expects EPS dilution of about $0.19 in 2017. Combined with the expected closing of the Newell Tools acquisition in 1Q17, the company expects net earnings addition, excluding charges, of about $0.05 per share in 2017.

$SWK {{ '2017-02-23T13:27:32+0000' | timeago}} • Announcement

$SWK has completed the previously announced sale of a majority of its Mechanical Security businesses to dormakaba for $725MM in cash. This transaction was originally announced on December 21, 2016. The transaction is expected to generate after-tax cash proceeds of about $700MM.

$SWK {{ '2017-02-15T18:36:36+0000' | timeago}} • Announcement

$SWK announced that its BoD approved a cash dividend of $0.58 per common share for 1Q17. The dividend is payable on March 21, 2017 to shareholders of record as of March 1, 2017.

$SWK {{ '2017-01-26T13:40:40+0000' | timeago}} • Webcast

In $SWK’s Tools & Storage business, Europe delivered above market growth in 4Q16, coming in at 4% which is slightly below the high single digit trend seen from this region but was still a healthy performance. Almost all European markets contributed positive growth. The company had key customer wins in the UK. Asia posted mid-teens growth.

$SWK {{ '2017-01-26T13:30:07+0000' | timeago}} • Webcast

In 4Q16, $SWK saw solid organic growth of 4%. Tools & Storage posted 7% organic growth with positive contributions from all major geographies. Industrial organic revenue was flat during the quarter.  Full-year 2016 revenues were $11.4Bil, up 2% and up 4% organically.

$SWK {{ '2017-01-26T11:28:21+0000' | timeago}} • Announcement

$SWK plans on using cash on the balance sheet, short-term debt, operating cash flow generated in 2017 and expected proceeds from sale of Mechanical Security businesses to fund Newell Tools & Craftsman acquisitions. $SWK sees this capital allocation, combined with incremental EBITDA from Newell, will bring credit metric back in line by early 2018.

$SWK {{ '2017-01-26T11:26:26+0000' | timeago}} • Announcement

In 2017, $SWK said the key assumptions include: organic growth approaching 4%, commodity inflation of about $50-55MM and foreign exchange headwinds of about $50MM, and net impact from cost and productivity actions partially offset by higher share count. It also includes embedded core restructuring charges and free cash flow conversion.

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