Stanley Black & Decker, Inc. (SWK) Presents at JPMorgan Industrials Conference 2026 Transcript

Michael Rehaut
JPMorgan Chase & Co, Research Division

Thanks for joining us. My name is Mike Rehaut. I’m the senior analyst covering the homebuilding and building products sectors for JPMorgan. Really thrilled to have with us Stanley Black & Decker. And to my immediate left, Pat Hallinan, CFO. And we also have from the IR team, Michael Wherley and Christina Francis.

So thanks, everyone, from SWK for joining us. I’m going to kind of conduct essentially like a fireside chat. But I’ll turn it over to Pat for just some brief introductory comments and intro on the company.

Patrick Hallinan
Executive VP, CFO & Chief Administrative Officer

Yes. Well, thank you. I’ll assume that you know that we’re a tools and outdoor products company with about 85% of our portfolio and industrial fastener with the balance, about 15% of the portfolio. But the few things I’d share with you is, obviously, with tariffs ’25 was a challenging and interesting year, but we made important progress, important progress on margin, on our balance sheet and recovering the health of our brands. And we take a lot of pride in being able to deliver progress in challenging environments.

We’ll see what this year brings. But we remain confident that we could stay on our margin growth and cash journey, even if the macro remains flat to low growth, which is probably what’s in front of us for ’26 and if not some bit beyond ’26. In terms of our objectives, our long-term objectives are consistent with those that we shared late in 2024 at the Investor Day.