Form 10-Q · Quarterly report
Stanley Black & Decker 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0000093556
- Accession no.
- 0000093556-26-000031
Summary
Stanley Black & Decker sold its Consolidated Aerospace Manufacturing business to Howmet Aerospace for $1.8 billion in cash on April 6, 2026, and repurchased about 3.24 million shares for roughly $250 million in the second quarter under a new $500 million program. The company also said its Global Cost Reduction Program completed at the end of 2025 with approximately $2.1 billion in pre-tax run-rate savings.
Key points
- On April 6, 2026, Stanley Black & Decker sold its Consolidated Aerospace Manufacturing business to Howmet Aerospace for $1.8 billion in cash.
- During the second quarter of 2026, Stanley Black & Decker executed open market repurchases of 3,239,690 common shares for approximately $250.0 million.
- On April 23, 2026, the board terminated the April 2022 share repurchase program and approved a new $500 million repurchase program expiring 36 months from that date.
- The Global Cost Reduction Program launched in mid-2022 was completed as of the end of 2025 and generated approximately $2.1 billion of pre-tax run-rate savings, exceeding its original $2.0 billion target.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT'S DISCUSSION BUSINESS OVERVIEW Strategy The Company is a global provider of hand tools, power tools, outdoor products and related accessories, as well as a leading provider of engineered fastening solutions. In recent years, the Company has re-shaped its portfolio through a series of divestitures. These divestitures reflect the Company's ongoing strategic commitment to simplify and streamline its portfolio to focus on its leading market positions in tools and outdoor, as well as engineered fastening systems. The Company is guided by its mission to build a world-class branded industrial company, by solving end users’ most pressing and complex challenges. …
An excerpt of the text as filed with the SEC, cut for length.
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