Stanley Black & Decker, Inc.:  Emphasis on Core Market Leadership Positions in Tools & Outdoor!

Stanley Black & Decker remains optimistic with its progress during Q1 2024, focusing on driving value through its ongoing business transformation. The quarter saw solid execution across the operations, with particular momentum seen in two primary areas: free cash flow generation and gross margin expansion. Although the macro environment was more challenging during 2023 and ’24, the company managed to uphold its gross margin. A significant achievement for the company was that 80% of its revenue was expected to end 2024 with adjusted gross margins exceeding 30%.