Cost Reduction and Savings Initiatives - The Company initiated a $2.0 billion Global Cost Reduction Program aimed at achieving mid-single digit organic revenue growth and returning adjusted gross margins to historical levels of over 35%[187][189] - The Company generated approximately $510 million in pre-tax run-rate savings during 2024 as part of its Global Cost Reduction Program, with a target of reaching $2 billion by year-end 2025[197] - The Company expects to achieve $1.5 billion in pre-tax run-rate cost savings from supply chain transformation initiatives by the end of 2025[195] - The Company recognized net restructuring charges of approximately $100 million in 2024, expecting annual net cost savings of approximately $129 million by the end of 2025[253][256] Financial Performance - The Company reported net sales of $15.366 billion in 2024, a decrease of 3% from $15.781 billion in 2023, primarily due to a 2% decrease from the Infrastructure divestiture and a 1% decrease from foreign currency[225] - Gross profit for 2024 was $4.514 billion, or 29.4% of net sales, compared to $3.933 billion, or 24.9% of net sales in 2023, with Non-GAAP adjustments reducing gross profit by $88.8 million in 2024 and $166.9 million in 2023[227] - Selling, general and administrative (SG&A) expenses were $3.333 billion, or 21.7% of net sales in 2024, compared to $3.291 billion, or 20.9% of net sales in 2023, reflecting increased investments in growth initiatives[229] - The Company reported a diluted earnings per share of $4.36 for continuing operations in 2024, compared to $1.45 in 2023, reflecting significant Non-GAAP adjustments[220] - The Company’s net earnings from continuing operations attributable to common shareowners were $286.3 million in 2024, compared to a net loss of $281.7 million in 2023[220] Cash Flow and Liquidity - The Company aims for free cash flow to equal or exceed net income, with a target adjusted EBITDA margin in the mid to high teens[189] - Free cash flow for 2024 was $753 million, down from $853 million in 2023, and a notable recovery from an outflow of $1.990 billion in 2022[261] - Cash flows provided by operations were $1.191 billion in 2023, a significant improvement from cash used in operations of $1.460 billion in 2022, primarily due to a $1.123 billion reduction in inventory[260] - The company maintained investment grade credit ratings from major U.S. rating agencies, with no changes during 2024, which is crucial for its cost of funds and liquidity[268] - The company entered into a new $1.25 billion syndicated 364-Day Credit Agreement in June 2024, which serves as part of its liquidity back-stop for its commercial paper program[273] Inventory and Supply Chain Management - The Company has reduced inventory by over $2 billion since the end of the second quarter of 2022, supporting free cash flow generation[197] - The Company is focused on cash flow generation and inventory optimization to improve operational excellence[316] Brand and Market Positioning - The Company maintains a strong portfolio of brands, including DEWALT®, CRAFTSMAN®, and STANLEY®, which are prioritized across the Tools & Outdoor segment[202] - The Company has generated over 300 billion global brand impressions through various marketing initiatives, emphasizing brand building and commercial support[206] Tax and Regulatory Matters - The effective tax rate on continuing operations was (18.7)% in 2024, compared to 25.0% in 2023, primarily due to tax benefits from legal structure realignment and foreign deferred tax assets[236] - The Company reported a one-time tax liability of $110 million related to the Tax Cuts and Jobs Act, which it plans to pay interest-free over up to eight years[270] - The Company accounts for income taxes under the asset and liability method in accordance with ASC 740, recognizing deferred tax assets and liabilities for expected future tax consequences[308] Future Outlook and Strategic Initiatives - The Company aims to achieve mid-single digit organic revenue growth through innovation, electrification, and global market penetration[316] - The Company plans to return adjusted gross margins to historical levels of over 35% by transforming the supply chain and optimizing manufacturing and distribution networks[316] - Forward-looking statements include expectations around future operations, market share gain, and new product developments, with inherent risks and uncertainties[313] - The Company acknowledges potential adverse developments in litigation and regulatory liabilities that could impact future results[315] - The Company does not undertake any obligation to update forward-looking statements except as required by law[318]

Core Insights - Stanley Black & Decker is hosting webcasts for investors and the public to discuss business strategies and answer questions [1][2] - The company is a global leader in tools and outdoor products, employing approximately 48,500 people and producing a wide range of innovative products [3] Company Overview - Founded in 1843, Stanley Black & Decker is headquartered in the USA and operates manufacturing facilities worldwide [3] - The company’s product portfolio includes power tools, hand tools, storage solutions, digital jobsite solutions, outdoor products, and engineered fasteners [3] - Notable brands under the company include DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet® [3] Upcoming Events - The company will participate in the Barclays 42nd Annual Industrial Select Conference on February 20, 2025, featuring key executives [5] - Additionally, the company will attend the 46th Annual Raymond James Institutional Investors Conference on March 4, 2025 [5]

DEWALT TOUGHWIRE™ systemizes cable hanging for mechanical, electrical and plumbing trades and includes various wire attachments, locking devices, components and accessories New tools added to DEWALT's trade solutions include a 20V MAX* Plastic Tubing Cutter, 20V MAX* Pipe Deburring Tool, 20V MAX* XR® Copper Tubing Cutter and more Visit DEWALT at booth 5843 in the West Building from February 10-12 at AHR Expo TOWSON, Md., Feb. 6, 2025 /PRNewswire/ -- DEWALT, a Stanley Black & Decker (NYSE: SWK) brand and le ...

Stanley Black & Decker, Inc. (SWK) reported fourth-quarter 2024 adjusted earnings of $1.49 per share, which beat the Zacks Consensus Estimate of $1.28. The bottom line increased 62% year over year.Stanley Black’s net sales of $3.72 billion beat the consensus estimate of $3.57 billion. The top line declined 0.4% year over year due to weakness in the Industrial segment.For 2024, SWK reported net revenues of $15.37 billion, which decreased 2.6% year over year. For the year, the company’s adjusted earnings were ...

Financial Data and Key Metrics Changes - The company reported full-year revenues of $15.4 billion, flat on an organic basis, with a notable adjusted gross margin of over 31% in Q4 and 30% for the full year, reflecting a 400 basis point expansion compared to 2023 [11][13][15] - Adjusted EBITDA for the full year was $1.6 billion, with a margin of 10.1%, representing a 290 basis point increase from 2023 [14][15] - Adjusted earnings per share for the full year reached $4.36, showing significant growth over 2023 [15] Business Line Data and Key Metrics Changes - Tools and Outdoor segment revenue for Q4 was approximately $3.2 billion, driven by 3% organic growth, with DEWALT achieving its seventh consecutive quarter of organic growth [35][36] - The Industrial segment saw a 15% decline in reported revenue, primarily due to the divestiture of the infrastructure business, while organic revenue remained flat [44] - Aerospace fastening experienced standout organic growth of 22%, contributing positively to overall revenue results [12] Market Data and Key Metrics Changes - North America organic growth was up 2%, while Europe saw a 4% increase, and the Rest of the World grew 8% organically, driven by strong performance in Latin America and India [40][41] - The overall market demand is expected to remain stable and relatively flat year-over-year, with some end markets not improving until 2026 [25][72] Company Strategy and Development Direction - The company is focused on achieving long-term adjusted gross margin targets of over 35% and aims for mid-single-digit organic growth in a low single-digit market [16][17] - Investments are being made in core brands like DEWALT, Stanley, and Craftsman to drive market share growth and enhance product offerings [30][31] - The company is actively engaging with policymakers to navigate potential tariff impacts and is repositioning its supply chain to mitigate risks [23][124] Management's Comments on Operating Environment and Future Outlook - Management noted a mixed macroeconomic backdrop but expressed confidence in the company's ability to navigate challenges and achieve long-term financial goals [9][89] - The first half of 2025 is expected to remain choppy, with modest organic growth anticipated, while a potential positive inflection may occur later in the year [24][72] - The company is committed to maintaining a solid investment-grade credit rating and reducing debt to achieve a leverage target of approximately 2.5 times net debt to adjusted EBITDA [64] Other Important Information - The company achieved approximately $500 million in pretax run rate cost savings for 2024, contributing to a total of $1.5 billion since the inception of its transformation program [57][58] - Free cash flow generation for 2024 was approximately $750 million, supporting ongoing capital allocation priorities [61][62] Q&A Session Summary Question: Margin outlook and operating margin increase - Management indicated a target of approximately 250 basis points of full-year margin expansion for 2025, with expectations of over 100 basis points in the first half and over 300 basis points in the second half [94][96] Question: SG&A investments for growth - The company plans to maintain SG&A as a percentage of net sales around 22%, with investments focused on core brands and local market activation [105][106] Question: Share gains and DEWALT growth - Management confirmed ongoing investment in DEWALT to build on its growth momentum while also expecting stabilization and modest share gains in Stanley and Craftsman [111][112] Question: Tariff impacts and mitigation strategies - The company expects a net impact of $10 to $20 million from tariffs, with mitigation strategies involving pricing and supply chain adjustments [115][116] Question: Clarification on tariff headwinds - Management clarified that the potential $200 million headwind from increased tariffs would be managed through pricing and supply chain reconfiguration, with ongoing efforts to reduce reliance on China [132][133]

Fourth Quarter And Full Year 2024 Overview February 5, 2025 Participants Don Allan President & CEO Chris Nelson COO, EVP And President, Tools & Outdoor Pat Hallinan Executive Vice President, CFO Dennis Lange Vice President, Investor Relations 2 4Q And FY 2024 Earnings Call Cautionary Statement This Presentation and related discussions contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as am ...

Exhibit 99.2 STANLEY BLACK & DECKER, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, Millions of Dollars Except Per Share Amounts) | | | | FOURTH QUARTER | | | | YEAR-TO-DATE | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2024 | | 2023 | | 2024 | | 2023 | | NET SALES | $ | 3,720.5 | $ | 3,736.5 | $ | 15,365.7 | $ | 15,781.1 | | COSTS AND EXPENSES | | | | | | | | | | Cost of sales | | 2,576.4 | | 2,632.1 | | 10,851.3 | | 11,848.5 | | Gross profit | | 1,144 ...

Core Insights - Stanley Black & Decker reported its seventh consecutive quarter of organic growth, with a fourth quarter gross margin increase driven by a global cost reduction program [1][2][8] - The company generated strong cash flow in the fourth quarter, supporting its capital allocation priorities focused on shareholder dividends and debt reduction [1][2][10] Financial Performance - Fourth quarter revenues were $3.7 billion, flat compared to the prior year, with a 3% organic growth offset by divestitures and currency impacts [4][10] - Fourth quarter gross margin was 30.8%, up 120 basis points from the previous year, while adjusted gross margin was 31.2%, up 140 basis points [4][10] - Full year revenues totaled $15.4 billion, down 3% from the prior year, with full year adjusted gross margin at 30% [4][10] Cash Flow and Debt Management - Fourth quarter cash from operating activities was $679 million, with free cash flow of $565 million, contributing to a total debt reduction of $1.1 billion in 2024 [4][10][12] - The company aims to return adjusted gross margins to historical levels of over 35% while prioritizing cash flow generation and inventory optimization [5][9] Strategic Initiatives - The Global Cost Reduction Program is expected to generate $2 billion in pre-tax run-rate cost savings by the end of 2025, with $1.5 billion coming from supply chain transformation [8][12] - The company is focused on mid-single digit organic revenue growth, streamlining operations, and investing in customer-centric initiatives [5][9] Segment Performance - Tools & Outdoor segment sales were $3.2 billion, with a 2% increase driven by volume, while the Industrial segment saw a 15% decline in sales [11][10] - The Tools & Outdoor segment margin was 9.2%, slightly down from the prior year, while the Industrial segment margin was 10.7% [11][10] Future Outlook - The company anticipates muted but stable market demand in the first half of 2025, with potential for positive growth later in the year, particularly in professional construction and aerospace [3][12] - Management plans to provide 2025 planning assumptions, including EPS expectations and strategies to mitigate tariff impacts [12][13]

Stanley Black & Decker, Inc. (SWK) is scheduled to release fourth-quarter 2024 results on Feb. 5, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for this New Britain, CT-based tool maker’s fourth-quarter revenues is pegged at $3.6 billion, indicating a decline of 4.4% from the year-ago quarter. The consensus estimate for adjusted earnings is pinned at $1.28 per share. The figure indicates an increase of 39.1% from the year-ago quarter ...

Company Performance - Shares of Stanley Black & Decker (NYSE: SWK) have declined by over 20% in the last few months [1] Market Factors - The decline in shares is attributed to a combination of tariff fears and the impact of rising interest rates [1] Analyst Background - The analyst has twenty years of experience in researching, writing, and investing in public markets [1] - The analyst focuses on companies with durable competitive advantages and small-cap special situations [1] - The analyst was a licensed broker and attorney [1]