Form 10-Q · Quarterly report
Stanley Black & Decker 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0000093556
- Accession no.
- 0000093556-26-000039
Summary
Stanley Black & Decker's board terminated its April 2026 share repurchase program and approved a new authorization of up to $1 billion, and the company said its agreement to sell the Excel Industries business, which makes Hustler-brand ride-on mowers, for $225 million in cash is expected to close in the fourth quarter of 2026.
Key points
- The new $1 billion share repurchase authorization, approved October 29, 2026, expires 36 months later, and no authorized amounts remained under the April 2026 program after third-quarter repurchases.
- The company sold its Consolidated Aerospace Manufacturing business to Howmet Aerospace for $1.8 billion in cash on April 6, 2026, deploying most of the net proceeds to reduce debt and repurchase shares.
- The Excel Industries divestiture is subject to regulatory approvals and other customary closing conditions.
- The Global Cost Reduction Program, launched in mid-2022, was completed at the end of 2025 with approximately $2.1 billion in pre-tax run-rate savings, above its $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 reshaped 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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