Stanley Black & Decker (SWK) Baird Global Industrial Conference (Transcript)

Stanley Black & Decker (NYSE:SWK) Baird Global Industrial Conference November 12, 2024 3:55 PM ET

Company Participants

Dennis Lange - Vice President, Investor Relations
Patrick Hallinan - Executive Vice President and Chief Financial Officer

Conference Call Participants

Timothy Wojs - Baird

Timothy Wojs

Good afternoon. I'm Tim Wojs, I cover building products here at Baird. And we're delighted to have Stanley Black & Decker join us again at our Global Industrial Conference this year. Stanley is one of the largest tools company globally. And they own several brands, including DEWALT, CRAFTSMAN and STANLEY among others.

So from the company, we have Pat Hallinan, who's CFO here; and we have Dennis Lange, who's the VP of IR. We're going to start with a few prepared remarks from Pat, and then we'll go into Q&A. So I will turn it over to you.

Patrick Hallinan

Tim was joking before our microphones were on, how much time I'm spending on tariffs. So we decided to at least start off with tariffs. Myself; our CEO, Don Allan; and Chris Nelson, our President of our Tools business, will be out quite a bit between now and the early part of December. So we wanted to be consistent in what we are saying.

And also, we have an Investor Day at the New York Stock Exchange next week. And so we wanted to be consistent in what we're saying. Obviously, tariffs are something that could affect our industry or for that matter, any durables manufacturer with a good portion of their business in the U.S. And so we wanted to put something out there that gave people a framework for how to think about tariffs and how they might affect our business.

We certainly don't know if something will happen or for that matter, if something were