SWK · Stanley Black & Decker, Inc.

Stanley Black & Decker, Inc. has successfully divested its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace Inc. for a total consideration of approximately $1.8 billion in cash. The transaction, completed on April 6, 2026, resulted in net proceeds of approximately $1.57 billion after accounting for taxes and fees. Management stated that the divestiture is a strategic move to further focus the company's portfolio on its core Tools and Outdoor businesses. The primary financial implication of the transaction is significant debt reduction. President and CEO Chris Nelson highlighted that the proceeds are expected to position the company to achieve a target leverage ratio of at or around 2.5 times net debt to adjusted EBITDA by year end. Furthermore, the transaction is intended to enhance financial flexibility, allowing for a more dynamic capital allocation strategy aimed at accelerating shareholder value creation. The company explicitly acknowledged the contributions of the CAM team, who will now transition to Howmet Aerospace.