Empower Brands Recalls Black+Decker® Garment Steamers Due to Burn Hazard

Consumers should immediately stop using the recalled BLACK+DECKER Model HGS011 Easy Garment Steamers and contact Empower Brands to receive a free replacement upper assembly for their steamer.

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BLACK+DECKER Reviva 12V Jigsaw with 3 blades REVJ12A3-GB 2 Years Warranty: Buy Online at Best Price in UAE – Amazon.ae

Buy BLACK+DECKER Reviva 12V Jigsaw with 3 blades REVJ12A3-GB 2 Years Warranty online on Amazon.ae at best prices. ✓ Fast and free shipping ✓ free returns ✓ cash on delivery available on eligible purchase.

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The Top Dividend Kings, Part 4: Stanley Black & Decker

The Dividend Kings are a group of 46 stocks that have each raised their dividends for at least 50 consecutive years, explains Bob Ciura, editor of Sure Dividend; here, he continues a review of his favorite investments among the Kings.

At Sure Dividend, we recommend investors in retirement take a closer look at high-quality dividend stocks. In order to narrow it down, we specifically favor stocks with long histories of increasing dividends every year, such as the Dividend Kings.

Stanley Black & Decker (SWK) is a Dividend King that has increased its dividend for over 50 years in a row. SWK has struggled this year due to rising inflation and the global economic slowdown. But the company has a long history of surviving recessions. In the meantime, shares yield over 4% and could generate strong total returns over the next five years.

Business Overview & Recent Events

Stanley Black & Decker is a world leader in power tools, hand tools, and related items. The company holds the top global position in tools and storage sales. Stanley Black & Decker is second in the world in the areas of commercial electronic security and engineered fastening. Stanley Works and Black & Decker merged in 2010 to form the current company, though the company can trace its history back to 1843.

On October 27th, the company reported better-than-expected quarterly results. Revenue of $4.1 billion rose 9% year-over-year, and beat estimates by $120 million. Adjusted earnings-per-share of $0.76 beat estimates by $0.06. Acquisitions added 16 percentage points to sales growth for the quarter, while price hikes added another 8 points.

Growth was partially offset by a 10% decline in volumes, and a 4% decline from unfavorable currency fluctuations. For the full year 2022, adjusted EPS is expected in a range of $4.15 to $4.65.

Going forward, the company is aggressively reducing costs to support its earnings growth. Initiatives include resizing the organization, reducing inventory and headcount reductions. These initiatives are expected to generate cost savings of approximately $150 to $200 million in 2022, $1 billion by the end of 2023 and $2 billion by 2025.

Stanley Black & Decker has seen earnings-per-share grow at a rate of more than 10% over both the last five- and 10-year periods of time. Stanley Black & Decker remained profitable over the Great Recession but saw earnings decline 15% in 2008 and 20% in 2009. In the years since, Stanley Black & Decker has generally seen its earnings-per-share rise over time. We expect SWK to grow its annual earnings-per-share by 8% per year over the next five years.

Valuation & Expected Returns

Stanley Black & Decker has increased its dividend for 55 consecutive years. At the midpoint of 2022 EPS guidance, the company has a projected dividend payout ratio of 73% for the full year. This is a relatively high payout ratio, but the company’s actions to improve its profitability and return to earnings growth should lower the payout ratio in 2023 and beyond.

The combination of valuation changes, expected EPS growth and the 4.1% dividend yield leads to expected returns of 15.2% per year over the next five years.

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Stanley Black & Decker, Inc. to Redeem Its Series D Cumulative Perpetual Convertible Preferred Stock and Announce Settlement Rate for Corporate Units

NEW BRITAIN, Conn., Nov. 15, 2022 /PRNewswire/ — Stanley Black & Decker, Inc. (NYSE: SWK) (“the Company”) today announced that it has elected to redeem all its outstanding Series D Cumulative Perpetual Convertible Preferred Stock (CUSIP No. 854502 796), no par value, with liquidation preference $1,000 per share (the “Convertible Preferred Stock”) and that:

(A)       the redemption date will be December 22, 2022;

(B)       the redemption price will be $1,007.71 per share of the Convertible Preferred Stock payable in cash (which is equal to 100% of the liquidation preference of a share of the Convertible Preferred Stock plus accumulated and unpaid dividends to, but excluding, the redemption date);

(C)       if a holder elects to convert such holder’s shares of the Convertible Preferred Stock prior to the redemption date, the settlement method of the Convertible Preferred Stock will be combination settlement with the specified dollar amount of $1,000;

(D)       the name and address of the paying agent and the conversion agent are:

Computershare Inc.
150 Royall Street
Canton, MA 02021
Attn: Corporate Actions Relationship Manager

(E)       shares of the Convertible Preferred Stock called for redemption may be converted pursuant to Section 3D(9) of the Company’s Restated Certificate of Incorporation, as amended, at any time before 5:00 p.m., New York City time, on December 21, 2022 (which is the Business Day immediately preceding the redemption date);

(F)        all shares of the Convertible Preferred Stock outstanding as of the redemption date will be redeemed by the Company; and

(G)       unless the Company defaults in making payment of the redemption price, dividends in respect of the shares of Convertible Preferred Stock called for redemption will cease to accumulate on and after the redemption date.

The Company also announced that the settlement rate for the stock purchase contracts that are components of the corporate units that it issued in November 2019 is 0.6298 shares of the Company’s common stock for each stock purchase contract held by the holders thereof, with cash to be paid in lieu of any fractional shares.

About Stanley Black & Decker

Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is the world’s largest tool company operating manufacturing facilities worldwide. Guided by its purpose – for those who make the world – the company’s approximately 60,000 diverse and high-performing employees produce innovative, award-winning power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, engineered fasteners and other industrial equipment to support the world’s makers, creators, tradespeople and builders. The company’s iconic brands include DEWALT®, BLACK+DECKER®, CRAFTSMAN®, STANLEY®, CUB CADET®, HUSTLER® and TROY-BILT®. Recognized for its leadership in environmental, social and governance (ESG), Stanley Black & Decker strives to be a force for good in support of its communities, employees, customers and other stakeholders. To learn more visit: www.stanleyblackanddecker.com.

Forward-looking statements in this press release speak only as of the date hereof, and forward-looking statements in documents attached that are incorporated by reference speak only as of the date of those documents. The Company does not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.

Investor Contacts:

Dennis Lange
Vice President, Investor Relations
[email protected]
(860) 827-3833

Cort Kaufman
Senior Director, Investor Relations
[email protected]
(860) 515-2741

Christina Francis
Director, Investor Relations
[email protected]
(860) 438-3470

SOURCE Stanley Black & Decker

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DeWalt 20V MAX Pencil Concrete Vibrator (Tool Only)

Amazon has DeWalt 20V MAX Pencil Concrete Vibrator (Tool Only. DCE531B) for $263.20. Shipping is free.

Thanks to Community Member Polish_Ketchup for finding this deal.

Item details:14,000 Vi …

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Black & Decker Steamer Recall Lawsuit

Black & Decker has recalled a line of garment steamers, citing the risk of burn injuries.

According to the Consumer Product Safety Commission (CPSC), Black & Decker Easy Garment Steamers “can expel, spray or leak hot water during use, posing a burn hazard to consumers.”

The recall covers about 518,000 steamers sold between June 2021 and September 2022. Black & Decker garment steamers are sold at Walmart, Target, Bed Bath & Beyond, and online. The model number of the “Easy Garment Steamers” Model HGS011 and they were sold in a variety of colors.

Burn Injuries Reported

Empower Brands, the manufacturer, has received 241 reports of malfunctioning steamers, causing at least 32 burn injuries.

Consumers are advised to stop using the garment steamers immediately.

This is not the first time the lawyers at Johnson//Becker have pursued litigation against the manufactures of defective steamers. On May 26, 2021 approximately 5.4 million My Little Steamer and My Little Steamer Go Mini handheld clothing steamers were recalled after hundreds of reports of burn injuries.

Questions about a Black & Decker Steamer Lawsuit? Contact a Johnson//Becker lawyer today for a free case review.

If you or a loved one has been injured by a defective Black & Decker garment steamer, you may want to speak with the lawyers at Johnson//Becker PLLC. We are actively filing new product liability lawsuits across the country, and you may be entitled to financial compensation.

We offer a free case evaluation. Please contact us using the form below or by calling us at (800) 279-6386We would be honored to speak with you and respond promptly to every inquiry we receive.

The post Black & Decker Steamer Recall Lawsuit appeared first on Johnson // Becker.

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BLACK+DECKER 4 Slice Toaster Oven Only $25! (Reg. $43) Awesome Reviews!

Target has the BLACK+DECKER 4 Slice Toaster Oven for only $25! (Reg. $43) Perfect toast is just the start with the BLACK + DECKER 4-Slice Toaster Oven. Bake chi

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Black & Decker Slow-Feed Pet Bowls | Zulily

Black & Decker Slow-Feed Pet Bowls at Zulily! Zulily offers you thousands of new deals every day. Shop favorite brands up to 70% off!

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BangShift.com Who Are These Non-Slip Wrenches Fooling? Icon v Snap-On, Milwaukee, Metrinch, Dewalt & More – BangShift.com

Do these things even work? To be fair, I’ve never used any of the Non-Slip wrenches before that I know of, although some of the newer end wrenches I’ve seen in friends’ toolboxes do have some differences in design that allow them to be used quicker sometimes. Maybe some of them are also designed to […]

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Who Makes The Best Annular Cutter? Fein, Milwaukee, DeWalt, Euroboor, Hougan, Hermes, S&F, Evolution, Steel Dragon

Annular cutters have been all the rage in the last couple of years as, like many tools, they have become much easier to find and much cheaper. If you are not familiar, they are similar to a hole saw but a lot more precise. Instead of a twist drill bit in the center of the hole saw, which guides the blade, they have a centering pin that just needs a dimple in the material being cut. The diameter of the annular cutter is a lot more precise than the hole saw and has a much different cutting design.

In this video, Project Farm is going to test a variety of them in a variety of materials and will come up with a winner. Use this video if you are interested in buying any annular cutters for your garage.

Video Description:

Annular Cutters: Milwaukee, Hougan Copperhead, Jestuous, Champion, Euroboor, DeWalt, Hermes, S&F, Unibor, Evolution, Steel Dragon, Slugger by Fein. Annular cutters provide a far superior finish compared to twist drill bits or hole saws. Annular cutters tested for cutting speed and durability on aluminum, mild, medium (4140), hard (spring steel) and very hard steel (AR500). For large hole sizes, annular cutters also drill much faster than using incremental twist drill size increases to achieve a hole of the same diameter. Compared to hole saw, a high quality annular cutter offers a higher quality outcome and finish. I purchased all of the annular cutters, the mag drill, and all supplies used for testing the cutters to ensure an unbiased review.

The post Who Makes The Best Annular Cutter? Fein, Milwaukee, DeWalt, Euroboor, Hougan, Hermes, S&F, Evolution, Steel Dragon appeared first on BangShift.com.

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