Stanley Black & Decker: A Tale Of Market Diversification & Innovation! 

Stanley Black & Decker, a renowned name in tools and related services, recently presented its third quarter earnings for the fiscal year 2024. Overall, the company reported a revenue of $3.8 billion, which represented a decline of 5% compared with the previous year, attributed largely to modest declines in volume and negative currency impacts. The adjusted gross margin was noted at 30.5%, showing a significant improvement of 290 basis points from last year, largely due to effective supply chain transformations rather than shifts in market demand or pricing strategies.