Black & Decker, Dewalt, Craftsman and Stanley In Line for Greater Growth

TOOLS manufacturer Stanley Black & Decker sets out its stall for its approach to the market in a post pandemic world. Their 2021 Growth Summit reinvigorated the interest and drive in the tool brands including Stanley, DEWALT and CRAFTSMAN. A comprehensive and extensive presentation with 13 in-depth on demand videos with something for everyone in the industry.

The online event is available on demand and includes:

• Welcome – Dennis Lange VP of Investor Relations
• Strategic Update by Jim Loree, Chief Executive Officer
• Shaping the wave of digital transformation in health, safety and security – Matt Kushner, President, Global Electronic Security
• Accelerating Extreme Power Tool Innovation – Frank Mannarino, President, Power Tools Group, Tools & Storage
• Accelerating eCommerce Growth – Kevin Fernando, President, China, Tools & Storage – Heather Kang, President and GM, International eCommerce – Katherine Monasebian, President and GM, North America eCommerce
• The Auto Electrification Growth Opportunity – Graham Robinson, SVP & President, Stanley Industrial
• BLACK+DECKER Accelerator – Jeff Ansell, EVP & President, BLACK+DECKER – Aldon Blackwood, Director of BLACK+DECKER Digital and Data
• Runway for Hand Tools Innovation – Allison Nicolaidis, President, Hand Tools & Storage Group, Tools and Storage
• Winning in the 2020s: Tools & Storage – Jamie Ramirez, EVP & President, Tools and Storage
• Outdoor Product Electrification & MTD – John Wyatt, SVP & President, STANLEY Outdoor – Christine Potter, VP, Product Development, STANLEY Outdoor
• Margin Resiliency Fuelled by Technology – Lee McChesney, VP, Corporate Finance and CFO, Tools and Storage
• Financial Overview – Don Allan, President & CFO
• Q&A – Jim Loree, Don Allan, Jaime Ramirez, Graham Robinson, Shannon Lapierre, Lee McChesney

We are harnessing powerful market trends and investing across the businesses to deliver sustained above-market organic growth and margin expansion.

Stanley Black & Decker CEO Jim Loree

The virtual event, broadcast from our Manufactory in Hartford, Connecticut, included visionaries from all areas of the company (tools and storage, electronic security, global industrial) who oversee our renowned brands including BLACK+DECKER, DEWALT, CRAFTSMAN and STANLEY.

Among the key takeaways:

• We’re well-positioned for growth and margin expansion and expect to benefit from several key market demand trends which have been accelerated and amplified by the pandemic, including:
  • Consumer reconnection with home and garden
  • eCommerce
  • Electrification of vehicles and power tools
  • Health and safety
• We’ve reviewed several revenue growth catalysts to capitalize on trends. At the event, management reviewed several revenue growth catalysts to capitalize on these trends, including the option to acquire the remaining 80% of MTD, which becomes available in July. 
• We’ve implemented a strong margin resiliency initiative – a technology-enabled transformative program expected to generate $300 – $500 million in cost savings over a 3-year period.
• We remain committed to making a positive impact on society by addressing climate change in our operations, creating a culture that fosters diversity and inclusion and integrating environmental, social and governance (ESG) objectives into our business strategies.

As Stanley Black & Decker CEO Jim Loree affirmed at the summit, “We have built a great company with a people-oriented culture that is powered by the SBD Operating Model and grounded by a dedication to performance, innovation and social responsibility. As we look to the future, we have an array of extraordinary growth opportunities in 2021 and beyond. We are harnessing powerful market trends and investing across the businesses to deliver sustained above-market organic growth and margin expansion.”

Missed the Event?

If you were not able to attend the Growth Summit – or would like a recap, watch the event replay and view the presentations (Available for 90 days).