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Stanley Black & Decker sets Q1 2024 earnings webcast for May 2

EditorNatashya Angelica
Published 26/03/2024, 18:08

NEW BRITAIN, Conn. - Stanley Black & Decker (NYSE: SWK), a prominent global manufacturer of tools and outdoor equipment, has scheduled its first quarter 2024 earnings webcast for 8:00AM ET on Thursday, May 2, 2024. In conjunction with the webcast, a news release detailing the company's financial results will be made available prior to the market opening on the same day.

Investors and interested parties will have the opportunity to access the live webcast through the company's website, where registration for the teleconference and the accompanying slide presentation will also be provided. The presentation is slated to be accessible on the "Investors" section under "News & Events" and will remain available for future reference.

Following the live event, a replay of the webcast will be offered two hours after the conclusion of the call. This can be accessed through the "Investors" section of the Stanley Black & Decker website, ensuring that those who could not attend the live broadcast can still obtain the information presented.

Stanley Black & Decker, headquartered in the United States, is recognized for its extensive range of products, including innovative power tools, hand tools, storage solutions, digital jobsite equipment, and engineered fasteners.

The company's brand portfolio includes well-known names such as DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet®. Employing over 50,000 individuals, Stanley Black & Decker prides itself on serving builders, tradespeople, and DIY enthusiasts worldwide.

This announcement is based on a press release statement from Stanley Black & Decker. For additional information, investors may contact Dennis Lange, Vice President of Investor Relations, or Christina Francis, Director of Investor Relations.

InvestingPro Insights

As Stanley Black & Decker (NYSE: SWK) gears up to share its Q1 2024 financial results, investors may be seeking context for the company's current valuation and performance. With a market capitalization of $14.42 billion and a P/E ratio that reflects investor sentiment, the company's financial health and industry positioning become a focal point.

InvestingPro Data indicates that Stanley Black & Decker has a trailing twelve-month revenue of $15.78 billion, with a gross profit margin sitting at 25.98%. Despite a decline in revenue growth over the last twelve months by -6.88%, the company has maintained a dividend yield of 3.43%, which is notable given the current economic climate.

This is in line with the company's history of consistent dividend payments, having raised its dividend for 53 consecutive years, as highlighted by one of the InvestingPro Tips.

Another InvestingPro Tip points out that analysts are optimistic about the company's net income growth this year. This is an important consideration for investors looking at the stock's future potential. Additionally, the company's role as a prominent player in the Machinery industry further solidifies its market presence.

For those interested in a deeper analysis, there are additional InvestingPro Tips available that could provide further insights into Stanley Black & Decker's financial outlook. For example, while the company has not been profitable over the last twelve months, analysts predict profitability this year, and it is trading at a high EBIT valuation multiple.

Investors can explore these insights and more by taking advantage of a special offer. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes access to a broader range of InvestingPro Tips that could enhance your investment strategy. There are currently six additional InvestingPro Tips listed for Stanley Black & Decker that can be accessed for further detailed analysis.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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