Transactions also focus Stanley Black & Decker’s portfolio on core businesses
New Britain, Connecticut., July 22, 2022 / PRNewswire / — Stanley Black And Decker (New York Stock Exchange: SWK) We announced today that most of the previously announced security assets have been sold to Securitas AB (STO: SECU B). $ 3.2 billion In liquid.Sale includes: Stanley Black & Decker’s Commercial Electronic and Healthcare Security Line (“Security”).Net income from the sale is debt reduction $ 2.3 billion The share buyback was completed in the first quarter.This transaction was announced at December 8, 2021..
Donald Alan Jr., Stanley Black & Decker’s President and CEO said: Stanley Black & Decker leverages its leadership position in tools and exteriors, as well as in highly technological industrial businesses. “
Safety is about to be generated. $ 1.6 billion Revenue in 2021 means a low double-digit adjusted EBITDA margin, which is about 16 times the purchase price of subsequent adjusted EBITDA, reflecting the success of business transformation over the past few years. Additional historical financial information that reflects the disposal of registered securities in discontinued operations is available in the Investors section of the website or can be viewed directly from the following link: Form 8K.
upon Stanley Black And Decker
On the basis of America, Stanley Black & Decker (NYSE: SWK) is the world’s largest tool company, operating nearly 50 manufacturing facilities in the United States and more than 100 manufacturing facilities worldwide. For those who make the world based on purpose, the company’s more than 60,000 diverse and high-performance employees work on power tools, hand tools, storage solutions, digital tool solutions, innovative and award-winning lifestyles. We manufacture products, outdoor products, technical fasteners, etc. Industrial gear that supports manufacturers, designers, distributors and builders around the world. The company’s iconic brands include DEWALT®, BLACK + DECKER®, CRAFTSMAN®, STANLEY®, CUBCADET®, HUSTLER® and TROY-BILT®. Recognized for environmental, social and governance (ESG) leadership Stanley Black & Decker strives to help serve the community, employees, customers and other stakeholders. For more information, please visit www.stanleyblackanddecker.com.
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Note on forward-looking statements
Forward-Looking Notes In this press release, Stanley Black & Decker provides forward-looking statements that represent expectations or beliefs about future events and financial performance. Forward-looking statements may be identified by expressions such as “believe,” “expect,” “expect,” “intend,” “plan,” “do,” and “may.” .. In addition, statements that refer to expectations, expectations, or other characteristics of future events or situations are forward-looking statements. Forward-looking statements made in this press release include, but are not limited to, the following: $ 2.3 billion The share buyback was completed in the first quarter.
Be careful not to overly rely on these forward-looking statements. These forward-looking statements are not a guarantee of future events and known and unknown risks, uncertainties, and actual results and performance are expressed by such forward-looking statements, including: Or it includes other factors that may differ materially from the implied future results or performance. However, but not limited to, revenue is used to fund debt reduction and $ 2.3 billion The share buyback was completed in the first quarter.
The forward-looking statements contained in this document are also subject to risks and uncertainties. These are described below. Stanley Black & Decker’s 2021 Form 10-K Annual Report, followed by the Quarterly Report submitted on Form 10-Q.And other presentations Stanley Black & Decker works with the Securities and Exchange Commission. In addition, do not overly rely on forward-looking statements, as actual results may differ materially from those suggested in forward-looking statements. Stanley Black & Decker does not undertake to revise or update the forward-looking statements to reflect events or circumstances that occur or exist after the date of the forward-looking statements.
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