Post by lookingforatenbagger on Apr 9, 2024 19:37:14 GMT
NEW BRITAIN, Conn., April 1, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced that it has completed the previously announced sale of STANLEY Infrastructure to Epiroc AB (Nasdaq Stockholm: EPIA) for $760 million in cash. Stanley Black & Decker expects to utilize the cash proceeds, net of modest taxes, to reduce debt.
ir.stanleyblackanddecker.com/news-events/press-releases/news-details/2024/Stanley-Black--Decker-Completes-Sale-of-Attachment-Tools-Business-to-Epiroc-AB/default.aspx
The have $7-1/2 billion in debt with a market cap of $14.6 billion. The analyst have forecast positive earnings for 1Q24 and they have beat estimates for the last three quarters.
ir.stanleyblackanddecker.com/news-events/press-releases/news-details/2024/Stanley-Black--Decker-Completes-Sale-of-Attachment-Tools-Business-to-Epiroc-AB/default.aspx
The have $7-1/2 billion in debt with a market cap of $14.6 billion. The analyst have forecast positive earnings for 1Q24 and they have beat estimates for the last three quarters.