Stanley Black & Decker, Inc. (SWK) Presents at Morgan Stanley’s thirteenth Annual Laguna

Christopher Snyder
Fairness Analyst

All proper. Thanks, everyone. Chris Snyder, a U.S. multi-industry analyst. Tremendous excited to have Stanley Black & Decker up right here with me. Now we have CFO, Pat Hallinan; [ Chris Cappella ], Director of IR; after which Michael Worley, Vice President of IR, who simply joined the corporate, and might be changing Dennis Lange, who lots of you realize, who’s transferring now into a method function with Stanley Black & Decker.

Earlier than we get into the Q&A, Pat goes to begin off with some remarks.

Patrick Hallinan
Government VP & CFO

Sure. Thanks, Chris. Good to be right here, and thanks for attending this afternoon. I simply — as we’ve Chris Nelson, who’s been our Chief Operation Officer for the final 2.5 years, getting into the CEO function in October and Don Allan, our present CEO, going into Government Chair. I simply wish to reinforce the truth that we expect we nonetheless have an ideal natural self-help and progress story in entrance of us. And that is the place our focus is for worth creation is ending the transformation, mitigating tariffs to get our margins to 35-plus % and actually pivoting to progress and doing so by heavy emphasis on accelerating very focused innovation and activating our manufacturers with higher precision and higher goal within the market.

And clearly, the macro atmosphere and the political atmosphere has given us some new enjoyable issues to work on. However we nonetheless really feel regardless of all of that noise and tumult that the targets we laid out a yr in the past on the