Stanley Black & Decker, Inc. (SWK) Presents at Goldman Sachs Industrials and Supplies Convention 2025 Transcript

Joseph Ritchie
Goldman Sachs Group, Inc., Analysis Division

Proper. Hey, everyone. So for our subsequent presenters, we’re excited to have Stanley Black & Decker right here with us. We have got Pat Hallinan, CFO. Pat, you wished to type of begin off with some preliminary remarks. So why do not I flip it over to you?

Patrick Hallinan
Government VP & CFO

Sure. I am going to say just a few issues after which flip it over to you, Joe, for some questions. Clearly, for producers, particularly producers with lengthy provide chains particularly those who prolong to Asia. It has been fairly an fascinating 12 months. And I might simply begin off saying that whereas this has been a 12 months of coping with plenty of challenges and headwinds, as a crew, we’re fairly assured that we keep on our long-term trajectory a couple of 12 months in the past this time we had a Capital Markets Day, laid out plenty of markers of attending to mid-single-digit prime line development, 35-plus p.c gross margin and EBITDA margin within the excessive teenagers or higher.

And we nonetheless assume these are the fitting targets for the enterprise. Tariffs in all probability put us 12 or so months behind that tempo. However we have taken sufficient worth to offset the tariffs. After which we’ll be pursuing mitigation that’s nicely underway and all through subsequent 12 months, that type of will get the margin again on the quantity impacted by tariffs, and we really feel very assured with the trail we’re on. We will surely welcome a calmer surroundings or a extra building merchandise pleasant surroundings, however we’re assured within the issues that we