Stanley Black & Decker boosts guidance

Stanley Black & Decker (NYSE:SWK) issues a business update with execs presenting today at a JPMorgan homebuilder conference.

The company says its revised plan currently assumes a Q2 organic revenue decline of 20% to 30% vs. a prior planning assumption of a 35% to 45% organic revenue decline.

SWK notes that the improved range primarily comes from better visibility of stronger performance in the U.S. retail channel for tools & storage as well as global security, although the environment remains dynamic.

Shares of SWK areup 0.55%.

SEC Form 8-K

Click to subscribe to real-time analytics on SWK