Stanley Black & Decker, Inc. (SWK) Presents at Morgan Stanley’s 13th Annual Laguna

Christopher Snyder
Equity Analyst

All right. Thank you, everybody. Chris Snyder, a U.S. multi-industry analyst. Super excited to have Stanley Black & Decker up here with me. We have CFO, Pat Hallinan; [ Chris Cappella ], Director of IR; and then Michael Worley, Vice President of IR, who just joined the company, and will be replacing Dennis Lange, who many of you know, who is moving now into a strategy role with Stanley Black & Decker.

Before we get into the Q&A, Pat is going to start off with some remarks.

Patrick Hallinan
Executive VP & CFO

Yes. Thanks, Chris. Good to be here, and thank you for attending this afternoon. I just — as we have Chris Nelson, who’s been our Chief Operation Officer for the last 2.5 years, stepping into the CEO role in October and Don Allan, our current CEO, going into Executive Chair. I just want to reinforce the fact that we think we still have a great organic self-help and growth story in front of us. And that’s where our focus is for value creation is finishing the transformation, mitigating tariffs to get our margins to 35-plus percent and really pivoting to growth and doing so by heavy emphasis on accelerating very targeted innovation and activating our brands with greater precision and greater purpose in the marketplace.

And obviously, the macro environment and the political environment has given us some new fun things to work on. But we still feel despite all of that noise and tumult that the targets we laid out a year ago at the