Stanley Black & Decker Inc (NYSE:SWK)
$ 89.84 1.68 (1.91%) Market Cap: 13.82 Bil Enterprise Value: 21.19 Bil PE Ratio: 0 PB Ratio: 1.56 GF Score: 77/100

Stanley Black & Decker Inc at JPMorgan Homebuilding & Building Products Conference (Virtual) Transcript

May 19, 2020 / 01:00PM GMT
Release Date Price: $121.89 (+1.02%)
Michael Jason Rehaut
JP Morgan Chase & Co, Research Division - Senior Analyst

Good morning. My name is Mike Rehaut. Welcome, and thank you for joining us today on the second day of our 13th Annual Homebuilding & Building Products Conference, which is virtual in the new world, and we're thrilled to kick off the second day with Stanley Black & Decker CFO, Don Allan. Don, longtime executive with the company.

And Stanley Black & Decker, one of our top ideas over the last few years, 2 years or so kind of the overall thesis essentially being around both top line prowess, multiple catalysts driving enhanced visibility for above-market growth in our view as well as more recently coming off of their Analyst Day last year. And even before that, a multiple factor toolbox in effect around margin enhancement, margin resiliency and, of course, most recently, the $1 billion cost-cutting program that they laid out in response to COVID-19. So this is a name that would remain constructive on due to those factors as well as a strong free cash flow reinvestment track record. Like I said, we have Don

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