Stanley Black & Decker Provides Strategic Update at 2019 Investor Day
During today's event,
Key messages from the day included:
Stanley Black & Deckeris a performance-driven organization powered by innovation, a robust operating system, SFS 2.0, and a strong value creation framework. The company operates strong businesses across diverse, global markets.
- Several catalysts are positioning the company for growth and margin expansion, including revenue generating initiatives such as Craftsman, new core and breakthrough innovations, Lenox and Irwin revenue synergies, e-commerce, emerging markets and M&A. In addition, the Company announced a technology-enabled transformative program focused on margin resiliency that is expected to generate
$300 - $500 millionin cost savings over a 3-year period. Stanley Black & Deckeris building a unique and powerful innovation ecosystem enabling a robust pipeline of new innovations to supplement organic growth and provide a broad and deep window into the technological forces that are shaping and redefining business models across industries.
- The Company reinforced its commitment to corporate social responsibility and diversity and inclusion, emphasizing its positive impact on society and the company's performance.
"The growth catalysts we see today will have an even greater impact when combined with our SFS 2.0 operating system and an integrated innovation ecosystem. Our forward momentum is tangible and the Company's positioning for future growth and success has never been better. With our relentless focus on strong cash flow generation and operating margin expansion, we are prepared to tackle whatever external forces come our way," added Loree.
During today's event, the Company also reaffirmed its updated full year 2019 guidance as provided on
The difference between 2019 GAAP and Adjusted EPS guidance is
Three-Year Financial Targets:
- Revenue: 4% - 6% Organic Growth; Total Growth Enhanced By Acquisitions
- Financial Performance:
- 50+ Bps Annual Operating Margin Rate Improvement
- 7-9% EPS Growth; 10-12% With Acquisitions
- Achieving 10+ Working Capital Turns
- Free Cash Flow ~100% Of Net Income
- Cash Flow Return On Investment 12-15%
- Continued Dividend Growth
- Strong Investment Grade Credit Rating
An audio webcast of the event will be available in the "Investors" section of the company's website at www.stanleyblackanddecker.com and will be available for 90 days.
Stanley Black & Decker Investor Contacts
Vice President, Investor Relations
Director, Investor Relations
Vice President, Communications & Public Relations
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This document contains "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 amended. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections or guidance of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new products, services or developments; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements may include, among other, the words "may," "will," "estimate," "intend," "continue," "believe," "expect," "anticipate" or any other similar words.
Although the Company believes that the expectations reflected in any of its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of its forward-looking statements. The Company's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, such as those disclosed or incorporated by reference in the Company's filings with the
Important factors that could cause the Company's actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in its forward-looking statements include, among others, the following: (i) successfully developing, marketing and achieving sales from new products and services and the continued acceptance of current products and services; (ii) macroeconomic factors, including global and regional business conditions (such as Brexit), commodity prices, inflation, and currency exchange rates; (iii) laws, regulations and governmental policies affecting the Company's activities in the countries where it does business, including those related to tariffs, taxation, and trade controls, including section 301 tariffs and section 232 steel and aluminum tariffs; (iv) the economic environment of emerging markets, particularly
Additional factors that could cause actual results to differ materially from forward-looking statements are set forth in the Annual Report on Form 10-K and in the Quarterly Report on Form 10-Q, including under the heading "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and in the Consolidated Financial Statements and the related Notes.
Forward-looking statements in this press release speak only as of the date hereof, and forward-looking statements in documents attached that are incorporated by reference speak only as of the date of those documents. The Company does not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.
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