Presentation in Aston

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This Tuesday several students gathered in a lecture room in Aston University, to listen to a presentation of Steven Blassberg, a former intern in the marketing department of Stanley Black & Decker Germany. Steven told about his job at SBD, colleagues, tasks and experiences he made through his 13 months placement, both professional and private. The attending students were genuinely interested into the placements SBD is offering and in fact, one of them had already received a call from the company.

Stanley Black & Decker Reports Full Year And 4Q 2016 Results

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NEW BRITAIN, Conn., Jan. 26, 2017 /PRNewswire/ — Stanley Black & Decker (NYSE: SWK) today announced full year and fourth quarter 2016 financial results.

Full Year Revenues Totaled $11.4 Billion, Up 2% Versus Prior Year, As 4% Organic Growth Was Partially Offset By 2% Currency Impact
Full Year Diluted GAAP EPS Was $6.51, Up 10% From 2015 As Strong Operational Performance More Than Offset Approximately $155 Million Of Currency Headwinds
2016 Free Cash Flow Of $1.1 Billion And Free Cash Flow Conversion Of 118%; Working Capital Turns Improved To 10.6x, Up 1.4 Turns
4Q’16 Revenues Up 3% Versus Prior Year, Driven By 4% Organic Growth
4Q’16 Diluted GAAP EPS Was $1.71, Down 4% From 4Q’15 As Higher Restructuring, Currency Headwinds And Growth Investments More Than Offset Solid Operational Performance And A Lower Tax Rate
Expect 2017 Full Year Diluted GAAP EPS Of $6.85 To $7.05, Up ~7% At The Mid-Point Versus Prior Year (Excludes The Estimated Earnings Per Share Impacts Of The Newell Tools, Mechanical Security And Craftsman Transactions); 2017 Free Cash Flow Conversion Expected To Approximate 100%
Announced Significant Portfolio Activity In 4Q’16 / Early 2017 — Acquisition Of Newell Brands’ Tools Business, Sale Of Majority Of Mechanical Security Businesses, And Purchase Of Craftsman Brand From Sears Holdings
4Q’16 Key Points:

Net sales for the quarter were $2.9 billion, up 3% versus prior year, as positive volume (+3%) and price (+1%) more than offset currency (-1%).
Gross margin rate for the quarter was 36.9%, up 130 basis points from prior year rate as price, productivity, cost actions and commodity deflation more than offset unfavorable currency.
SG&A expenses were 23.4% of sales compared to 21.5% in 4Q’15 reflecting investments in key SFS 2.0 initiatives moderated by continued tight cost control.
Operating margin rate was 13.5% compared to 14.2% in 4Q’15, as operational actions to improve profitability were more than offset by approximately $40 million of unfavorable currency and higher growth investments.
Restructuring charges for the quarter were $21.7 million compared to $3.7 million in 4Q’15.
Working capital turns for the quarter were 10.6, up 1.4 turns from 4Q’15 as the company continues to benefit from its intense focus on working capital management.
Stanley Black & Decker’s President and CEO, James M. Loree, commented, “2016 marked another year of strong performance for Stanley Black & Decker. The team delivered above-market organic growth, margin expansion in the face of significant currency headwinds, and outstanding free cash flow conversion. Organic growth for the fourth quarter and full year was a solid 4%, even in the face of a continued decline from Engineered Fastening’s electronics related revenues. We ended the year with an impressive 118% free cash flow conversion and 10.6 working capital turns, ahead of our top-quartile goal of 10 turns.

“I’m also pleased with the actions we have recently taken in the M&A space to shape our portfolio and further our goal of building a powerful, diversified industrial growth company. M&A, combined with strong organic growth performance, will help enable us to reach our objective of doubling the size of the company by 2022 while expanding our margin rate. Adding notable and iconic brands, such as Lenox and Irwin, and now Craftsman, uniquely complements our existing, strong portfolio of world-class brands and franchises. The sale of the majority of our Mechanical Security businesses will allow us to redeploy that capital from a low-growth business and invest it in more robust growth opportunities.

“As we look ahead, we are expecting another strong year in 2017. Certainly, there are significant challenges from a currency and geopolitical perspective, but we are confident in our ability to manage through these uncertainties and focus on solid execution. Stanley Black & Decker’s SFS 2.0 operating system, with its focus on core innovation, breakthrough innovation, digital and commercial excellence and functional transformation, gives us the framework from which to operate to deliver top quartile results.”



Stanley Black & Decker reports Q3 2016 results

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3Q’16 Key Points:

  • Net sales for the quarter were $2.9 billion, up 2% versus prior year, as positive volume (+2%) and price (+1%) more than offset currency (-1%).
  • Gross margin rate for the quarter was 37.6%, up from prior year rate of 36.3% as price, productivity, cost actions and commodity deflation more than offset unfavorable currency.
  • SG&A expenses were 22.4% of sales compared to 21.5% in 3Q’15 reflecting investments in key SFS 2.0 initiatives moderated by continued tight management of costs.
  • Operating margin rate was 15.2% compared to 14.8% in 3Q’15, as operational actions to improve profitability more than offset approximately $35 million of unfavorable currency and higher growth investments.
  • Restructuring charges for the quarter were $9.1 million compared to $14.0 million in 3Q’15.
  • Tax rate was 24.0%, compared to the 3Q’15 rate of 24.5%.
  • Average diluted shares outstanding for the quarter were 148.0 million versus 150.8 million last year, reflecting the impact of share actions taken earlier in the year.
  • Working capital turns for the quarter were 7.1, up 0.7 turns from 3Q’15 reflecting a continued focus on working capital management.

Stanley Black & Decker’s President and CEO, James M. Loree, commented, “For the third quarter, Stanley Black & Decker continued its consistent track record of outperformance.  The Company achieved modestly above-market organic growth and continued margin expansion amid challenging operating conditions through excellent execution of its world-class franchises and brands.  We also continued to make strategic investments for future growth, highlighted by the Newell Tools acquisition, which continues our global expansion in the tools market.

“The Tools & Storage business maintained its strong performance in the quarter, earning share gains across the globe and achieving 5% organic growth with improvements in its operating margin rate.  Security’s performance was also noteworthy with organic growth of 2% and meaningful margin rate expansion as field productivity continues to improve.  Not surprisingly, based on market conditions, our Industrial segment continued to face challenges during the quarter within its channels but maintained its sharp focus on cost management to register a healthy operating margin rate.”

3Q’16 Segment Results
($ in M) 3Q’16 Segment Results
Sales Profit Profit
Tools & Storage $1,897 $330.0 17.4%
Security $523 $71.4 13.7%
Industrial $462 $80.4 17.4%


  • Tools & Storage net sales increased 3% versus 3Q’15 as volume (+4%) and price (+1%) more than offset unfavorable currency (-2%).  Organic growth was solid in North America (+4%) and Europe (+11%), while growth within the emerging markets was modestly positive.  Strong commercial execution supported by market leading product innovation, including the launch of the DEWALT FlexVolt system, continued to drive share gains in North America overcoming both challenging comps and persistent pressures within the industrial channels.  Above-market organic growth in Europe continued as new products, targeted growth investments and an expanded retail footprint fueled share gains across the region.  An intense focus on commercial execution targeted at our mid-price-point product releases and regional pricing actions contributed to slightly positive organic growth in the emerging markets, despite a high level of volatility and economic challenges within a number of regions.  Overall Tools & Storage segment profit rate was 17.4%, up from the 3Q’15 rate of 16.7%, as volume leverage, price, productivity, cost management and lower commodity prices more than offset currency and growth investments.
  • Security net sales increased 2% versus 3Q’15 as volume (+1%), price (+1%) and small bolt-on electronic acquisitions (+1%) were partially offset by currency (-1%).  Organic growth continued in Europe (+1%) on higher installation revenues across much of the region, while North America also posted 1% organic growth, its first quarter of organic growth since the second quarter of 2015, on higher commercial electronic security and automatic door revenues.  Security’s organic growth was also bolstered by double-digit growth within the emerging markets on easing comparables.  Overall Security segment profit rate expanded 180 basis points versus prior year to 13.7%, due to intensified profitability rigor surrounding new commercial opportunities, improved field productivity and SG&A cost control.
  • Industrial net sales decreased 4% versus 3Q’15 due to lower volumes (-3%) and price (-1%).  Engineered Fastening organic revenues declined 6% due primarily to weaker electronics volumes attributable to a major customer (organic revenues were slightly positive excluding this impact), as well as pressured industrial volumes, more than offsetting higher automotive growth.  Infrastructure organic revenues increased 5% as higher Oil & Gas on-shore project activity more than offset lower Hydraulic Tools volumes.  Organic growth for the Industrial segment as a whole was approximately 1% excluding the impact of the aforementioned electronics volume declines within Engineered Fastening.  Overall Industrial segment profit rate was 17.4%, down 40 basis points from the 3Q’15 rate, as lower volumes and currency more than offset productivity gains and cost control actions.

Tools & Storage Acquisition

On October 12, 2016, the Company announced the $1.95 billion acquisition of Newell Tools, which will become part of the Tools & Storage segment.  This acquisition will enhance the Company’s position within the global tools & storage industry and broadens the Company’s product offerings and solutions to customers and end-users, particularly within power tool accessories.   This transaction is expected to close in the first half of 2017.

2016 Outlook

Donald Allan Jr., Senior Vice President and CFO, commented, “We are raising the mid-point and tightening the range of our 2016 full year EPS outlook to $6.40 to $6.50, up 8% to 10% versus 2015, from $6.30 – $6.50and reiterating our free cash flow conversion estimate of approximately 100% of net income.  We continue to be encouraged by our year-to-date operating performance, including our strong year-over-year free cash flow, and believe we are well positioned to achieve our updated 2016 financial commitments for the balance of the year based on our consistently strong execution in the face of still challenging operating conditions, particularly within the industrial channels and emerging markets.

“As we look ahead into 2017 we remain committed to and confident in our ability to continue delivering solid organic growth, operating leverage and strong free cash flow conversion given our seasoned and agile leadership team, track record of outperformance, and our focus on robust innovation and the other aspects of our SFS 2.0 operating system.

“Finally, while we remain committed to our long-term capital allocation practice of returning approximately 50% of free cash flow to shareholders through dividends and opportunistic share repurchases and deploying the balance towards acquisitions, our near term cash deployment will be skewed towards funding the pending Newell Tools acquisition.”

The Company will host a conference call with investors today, October 27, 2016 at 8:00 am ET. A slide presentation which will accompany the call will be available at and will remain available after the call.

You can also access the slides via the Stanley Black & Decker Investor Relations iPad & iPhone app from the Apple App Store by searching for “SWK Investor Relations”.

The call will be accessible by telephone within the U.S. at (877) 930-8285, from outside the U.S. at +1 (253) 336-8297, and via the Internet at To participate, please register on the web site at least fifteen minutes prior to the call and download and install any necessary audio software. Please use the conference identification number 86062743. A replay will also be available two hours after the call and can be accessed at (855) 859-2056 or +1 (404) 537-3406 using the passcode 86062743.  The replay will also be available as a podcast within 24 hours and can be accessed on our website and via iTunes.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at

Jim Loree visiting Idstein

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On the 28th of September we had the honor of hosting Jim Loree, the president and CEO of Stanley Black & Decker at our facility in Idstein. After a brief introduction and visits to our design center and test lab, he participated in a hands-on demonstration of the newest DEWALT Tools. The American visitor was very interested and involved about the newest developments made in Germany. With his last visit still on his mind, Jim Loree was satisfied to see the good development made for the company in the GALP region and happy to see, that the Stanley Black & Decker Team Germany is not only participating in the markets, but doing its best to lead with new innovations.


Stanley Black and Decker Summer’s Barbecue

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113On Thursday last week, the SBD Team went out, to enjoy the late Summer. All employees were invited for our Barbecue at the Hockenberger Mil in Wiesbaden to enjoy some hours of relaxation and fun. Thanks to the excellent organization of our Commercial Support Team, the event was a great success, including a delicious dinner, a picturesque landscape and two entertaining shows: a belly dancer and fire artists.


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The DEWALT brand was forged from a commitment to innovative and enterprising design, from the need to deliver world-class, performance-boosting solutions to our professional end-users. It is this ethos that drives us to continually engineer ground-breaking systems – systems designed to outperform and outlast competitors in even the harshest of environments – to continually push the boundaries of our power tools and what our tools can achieve. DEWALT kick-started the cordless revolution, we granted unparalleled portability, runtime and performance to millions of end-users all over the globe, and strive to ensure that construction professionals the world over see DEWALT as the benchmark for quality. In August 2016, DEWALT unveil the revolutionary XR FlexVolt battery pack – the world’s first 18/54V convertible battery pack – and the dawn of a new era in cordless power tool technology.

Unlocking the full potential of cordless technology

The DEWALT XR FlexVolt is a convertible 18/54V battery: 2completely backwards compatible with existing 18V DEWALT products, yet with the option to amplify its voltage to an unprecedented 54V to be used on bigger construction power tools. Traditionally, when compared with corded power tools, even the most efficient cordless system provided a compromise between increased portability and reduced power, between greater ease-of-use and reduced runtime. DEWALT have recognised the daily frustrations these limitations cause our end-users, and engineered the DEWALT XR FlexVolt system to eliminate any and all restrictions, to provide a cordless system that offers zero compromises. DEWALT XR FlexVolt has the dual advantage of unbeatable runtime in all existing DEWALT 18V power tools, as well as the power necessary to access applications completely unheard of for cordless technology. With this one innovation, DEWALT have finally unlocked the full potential of cordless, and now possess the unique ability to power even heavy duty construction power tools – using nothing but a cordless battery.

Cordless, heavy duty construction power tools – engineered to the DEWALT standard

The power of the DEWALT XR FlexVolt battery opens up new avenues in cordless, heavy duty construction power tools, and DEWALT are delivering the new XR FlexVolt product range to accompany this innovation – completely in keeping with the principles of DEWALT technology: heavy duty solutions that remain compact and durable. The ground-breaking new DEWALT XR FlexVolt range is comprised of 8 products designed to completely transform the jobsite of tomorrow: a 54V Grinder, 54V SDS plus Hammer, 54V Circular saw, 54V Alligator saw, 54V Reciprocating Saw, 54V Plunge saw, 54V Table saw, 54V 216mm Mitre saw. These are cordless, heavy duty construction power tools with all the accuracy, capacity and power of corded. To take the DEWALT XR FlexVolt Table saw as just one example, this is a power tool capable of cutting 92m of 19mm (¾”) OSB from just one charge of a single battery – yet portable enough to be easily moved from room to room, and without the need to search for a power source. This is world-leading performance, from cordless solutions that promise to redefine the very notion of cordless technology.

 Game-changing results, zero compromises

1The DEWALT XR FlexVolt battery pack and product range is delivering game-changing technology – the power of corded with the freedom of cordless and none of the drawbacks – the days of compromise are over. To learn more about the DEWALT XR FlexVolt battery pack and product range, and continue the DEWALT journey of innovation, please visit

Markus Morlok, Brand & Marketing Manager Powertools said “To put this simply, the DEWALT XR FlexVolt range is the next chapter in cordless technology. DEWALT is launching a range of tools that are not just extremely powerful – they will also provide in excess of a full day’s runtime on single charge for most users. The potential for this technology is limitless: for each and every trade. Just one, practical example, is that of a Roofer; a Roofer will traditionally prefer to use cordless technology when working at height to provide freedom of movement and avoid trailing cables, but is forced to carry a corded circular saw to allow the capacity to trim hip joints. The new DEWALT XR FlexVolt range not only offers a high capacity circular saw to cut larger timbers, but the battery is also interchangeable with the table saw and mitre saw – allowing
true cordless flexibility for his entire tool kit. The battery is also interchangeable with his existing 18V tools, providing the ultimate convenience. This is cordless power as never before – the jobsite will never be the same again.


About DeWALT

With more than 90 years’ experience in designing and manufacturing world-class solutions for the professional construction industry, DeWALT represents performance, innovation and reliability. Tools that carry the DeWALT brand are Guaranteed Tough: engineered to exceed the expectations of building contractors and professional tradesmen, even when tested in the most extreme construction environments. The DeWALT reputation for quality has been earned from the company’s commitment to providing best-in-class products that meet the highest levels of durability and end-user protection. DeWALT supplies complete application solutions for the modern construction environment, which include corded and cordless power tools, saw blades and power tool accessories, dust extraction attachments, anchors and fastenings, jobsite storage, lasers and instruments, generators, compressors and more. DeWALT also has one of the most extensive service and repair networks in the world. For more information, visit