On April 1, 2024, Stanley Black & Decker sold its Infrastructure business to Epiroc AB for net proceeds of $728.5 million and used the net proceeds to reduce debt in Q2 2024.

10-KAnnual reportFiled Feb 18, 2025Period of report Dec 28, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

On April 1, 2024, Stanley Black & Decker sold its Infrastructure business to Epiroc AB for net proceeds of $728.5 million and used the net proceeds to reduce debt in Q2 2024.
The company generated approximately $510 million of pre-tax run-rate savings in 2024 and $1.5 billion since inception of the program. It said it is on track to grow to approximately $2 billion of pre-tax run-rate savings by year-end 2025.
Stanley Black & Decker said the cash investment required to achieve $1.5 billion of pre-tax run-rate supply chain cost savings is expected to approximate $0.7 billion, and through 2024 it has made approximately $0.5 billion of total cash investments. The company also reduced inventory by over $2 billion since the end of Q2 2022.
The company expects total capital expenditures, inclusive of the supply chain transformation, to approximate 2.5% to 3.0% of net sales annually in 2025 and beyond. It added that although the program is expected to be completed by the end of 2025, the company expects to incur additional charges and make cash investments beyond that period relating to footprint actions to support the ongoing network transformation and reposition its supply chain, as necessary.

Key figures

Fiscal year ended December 28, 2024

Revenue: $15.4B
Net income: $294M
EPS: $1.95
Operating cash flow: $1.1B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Infrastructure Business Sale and Debt Repayment

On April 1, 2024, Stanley Black & Decker sold its Infrastructure business to Epiroc AB for net proceeds of $728.5 million and used the net proceeds to reduce debt in Q2 2024.

Source · Based on the MD&A text of the filing

Global Cost Reduction Program Savings

The company generated approximately $510 million of pre-tax run-rate savings in 2024 and $1.5 billion since inception of the program. It said it is on track to grow to approximately $2 billion of pre-tax run-rate savings by year-end 2025.

Source · Based on the MD&A text of the filing

Supply Chain Transformation Cash Investment and Inventory Reduction

Stanley Black & Decker said the cash investment required to achieve $1.5 billion of pre-tax run-rate supply chain cost savings is expected to approximate $0.7 billion, and through 2024 it has made approximately $0.5 billion of total cash investments. The company also reduced inventory by over $2 billion since the end of Q2 2022.

Source · Based on the MD&A text of the filing

Capital Expenditure Outlook for 2025 and Beyond

The company expects total capital expenditures, inclusive of the supply chain transformation, to approximate 2.5% to 3.0% of net sales annually in 2025 and beyond. It added that although the program is expected to be completed by the end of 2025, the company expects to incur additional charges and make cash investments beyond that period relating to footprint actions to support the ongoing network transformation and reposition its supply chain, as necessary.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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