Stanley Black & Decker : Q1 2022 Stanley Black & Decker, Inc. Earnings Conference Call Slides
April 28, 2022 at 07:51 am EDT
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First Quarter 2022 Overview
April 28, 2022
Participants
Jim Loree
CEO
Don Allan
President & CFO
Dennis Lange
VP, Investor Relations
*Non-GAAP Financial Measures. See Appendix For Reconciliation of GAAP To Non-GAAP Measures Used in This Presentation.
Cautionary Statement
Certain Statements Contained In This Presentation Are Forward Looking. These Are Based On Assumptions Of Future Events Which May Not Prove To Be Accurate. They Involve Risk And Uncertainty. Actual Results May Differ Materially From Those Expected Or Implied. We Direct You To The Cautionary Statements Detailed In The Corresponding
Press Release And Form 8-K And Our Recent '34 Act SEC Filings.
The Company's Results Represent Continuing Operations And Exclude The Commercial Electronic
Security, Healthcare, And Access Businesses Following The Recently Announced Divestitures, Unless
Specifically Noted. These Transactions Are Expected To Close Mid-Year 2022. These Businesses Previously Were Included In The Security Segment And Have Been Recorded As Discontinued
Operations.
1Q 2022 Key Messages
• Capitalized On A Sustained Strong Demand Environment, Strategic Outdoor Acquisitions & 5% Price Realization To Deliver $4.4 Billion Of Revenue, Up 20% Versus Prior Year
• Announced The Divestiture Of Access Technologies For $900 Million In Cash
• Made Substantial Progress Toward $4 Billion Share Repurchase Program, Initiating $2.3 Billion In ASR & Open-Market Repurchases
• Remain Focused On Day-To-Day Operational Execution, Inventory Management And Price Realization
• Confident In Our Multi-Year Runway For Growth, Margin Expansion & Long-Term Shareholder Value Enabled By Continued Investments In Innovation, Strategic Growth Initiatives And Capacity Expansions To Better Serve Our Customers
*Non-GAAP Financial Measures. See Appendix For Reconciliation of GAAP To Non-GAAP Measures Used in This Presentation.
Portfolio Optimization & Capital Allocation
* FY21 EBITDA Multiple Baseline
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Stanley Black & Decker Inc. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 11:50:05 UTC.
Stanley Black & Decker, Inc. specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Net sales break down by family of products as follows:
- electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators , grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.);
- industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc.;
- access and security products (12.7%): automatic doors, door closers, emergency exit devices, locking mechanisms, integrated security devices, etc.
Net sales are distributed geographically as follows: the United States (60.5%), Canada (4.7%), Americas (4.2%), France (4%), Europe (19.2%) and Asia (7.4%).
STANLEY BLACK & DECKER, INC. 
