Stanley Black & Decker Inc

NYSE:SWK   3:59:54 PM EDT
101.52
+1.66 (+1.66%)
Divestitures / Spin-offs, Earnings Announcements

Stanley Black & Decker Reaches Agreement To Sell Its Oil & Gas Business

Published: 06/28/2022 10:55 GMT
Stanley Black & Decker Inc (SWK) - Press Release - Stanley Black & Decker Reaches Agreement to Sell Its Oil & Gas Business.
Stanley Black & Decker Inc - Has Signed a Definitive Agreement for Sale of Its Stanley Oil & Gas Business to Pipeline Technique Limited.
Stanley Black & Decker - Results of Oil & Gas Business Will Remain in Continuing Operations and Will Not Be Reclassified As Discontinued Operations.
Stanley Black & Decker Inc - Expects to Incur a Pre-tax, Non-cash Charge of About $125 to $200 Million Related to Write-down of Oil & Gas Net Assets.
Revenue is expected to be $4.07 Billion
Adjusted EPS is expected to be $1.00

Next Quarter Revenue Guidance is expected to be $4.06 Billion
Next Quarter EPS Guidance is expected to be $1.12

More details on our Analysts Page.