Stanley Black & Decker Aims for 35% Margin Growth by Expanding DEWALT

Published on · Source: finance.yahoo.com

Stanley Black & Decker Aims for 35% Margin Growth by Expanding DEWALT

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Summarized by AI from the source below

Stanley Black & Decker (NYSE:SWK) aims to achieve a 35% gross margin, up from 32%, by enhancing its product platforming and manufacturing efficiency. The company is targeting expansion in the DEWALT brand to cover commercial and industrial applications, including energy construction. CEO Chris Nelson noted that DEWALT generates roughly half of the company’s revenue. Despite a flat demand environment, Stanley Black & Decker plans to focus on strengthening core brands and accelerating innovation, which may influence future profitability for investors.

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