Stanley Black & Decker, Inc. (NYSE: SWK)

Stanley Black & Decker, Inc. (SWK), a prominent name in the industry, is a global provider of hand tools, power tools, outdoor products, and related accessories. The company is also a leading provider of engineered fastening solutions. With a rich history that spans over a century, the company was founded in 1843 by Frederick T. Stanley and incorporated in Connecticut in 1852. In 2010, the company merged with The Black & Decker Corporation, which was founded by S. Duncan Black and Alonzo G. Decker in 1910.

The company's operations are divided into two reportable segments: Tools & Outdoor and Industrial. The Tools & Outdoor segment includes the Power Tools Group, Hand Tools, Accessories & Storage, and Outdoor Power Equipment product lines. This segment is a worldwide leader in the tools and outdoor markets, offering a range of products such as power tools, hand tools, outdoor power equipment, and accessories under iconic brands like DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, and CUB CADET.

On the other hand, the Industrial segment is a global leader in highly engineered, application-based solutions. It offers a variety of products, including fasteners, fittings, and other engineered products. The company's revenue is generated through the sale of its products to professional end users, distributors, independent dealers, retail consumers, and industrial customers across various industries and geographies. The majority of sales are distributed through retailers, third-party distributors, and a direct sales force.

Stanley Black & Decker competes on the basis of its reputation for product quality, well-known brands, commitment to customer service, strong customer relationships, broad product lines, innovative products, and customer value propositions. The company faces competition from both larger and smaller companies that offer similar or different products for the same uses.

The company has a significant presence in the global market, with operations in 59 countries and approximately 50,500 employees as of December 30, 2023. It has a strong focus on human capital management, with a strategic vision to grow as an employer of choice with leading market positions in each of its major categories. The company has a process in place to attract, develop, and retain talent, and has invested in developing a global talent acquisition center of excellence.

Stanley Black & Decker is committed to minimizing its environmental footprint and has set goals to reduce its greenhouse gas emissions by 52% by 2030. The company is also committed to promoting diversity, equity, and inclusion and has a range of initiatives in place to support this goal.

The company's commitment to diversity, equity, and inclusion is reflected in its leadership. The Board of Directors is comprised of 45% women, 18% racially or ethnically diverse directors, and 18% that are of a diverse national origin. The company's Chief Executive Officer and his direct staff are comprised of 25% women leaders, 25% racially or ethnically diverse leaders, and 25% that are of a diverse national origin.

The company's Human Capital Management tool allows the company's Human Resources data team to continuously share new metrics, reports, and dashboards related to headcount, hiring, and retention. This provides value-driven insight from people data. The company's compensation and benefits are globally managed and tailored by country to maintain market competitiveness, and effectively attract, retain, and reward employees.

The company's diversity, equity, and inclusion initiatives include employee resource groups, mentorship programs, and a 10-point racial equity roadmap. The company's employee well-being strategy is dedicated to supporting employee well-being as a competitive benefit to attract and retain talent. The company's Environmental, Health and Safety Management System describes the core elements of EHS responsibility and accountability, including policies and procedures designed in alignment with global standards, the company's Code of Business Ethics, applicable laws, and individual facility needs.