Item 7.01. Regulation FD Disclosure. On September 4, 2026, Stanley Black & Decker, Inc. (the “Company”) issued a press release announcing the execution of an Equity and Asset Purchase Agreement, dated as of September 1, 2026, by and between the Company and Bad Boy Mowers JV Acquisition, LLC (“Bad Boy Mowers”), pursuant to which Bad Boy Mowers has agreed to purchase Excel Industries, LLC, a wholly…
Founded in 1843 and headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is a worldwide leader in Tools and Outdoor, operating manufacturing facilities globally. The Company’s approximately 41,000 employees produce innovative end-user inspired power tools, hand tools, storage, digital jobsite solutions, outdoor and lifestyle products, and engineered fasteners to support the world’s builders, tradespeople and DIYers. The Company’s world class portfolio of trusted brands includes DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet®. To learn more visit: www.stanleyblackanddecker.com or follow Stanley Black & Decker on Facebook, Instagram, LinkedIn and X.
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Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On September 4, 2026, Stanley Black & Decker, Inc. (the “Company”) issued a press release announcing the execution of an Equity and Asset Purchase Agreement, dated as of September 1, 2026, by and between the Company and Bad Boy Mowers JV Acquisition, LLC (“Bad Boy Mowers”), pursuant to which Bad Boy Mowers has agreed to purchase Excel Industries, LLC, a wholly owned subsidiary of the Company, and certain assets related to the HUSTLER® brand name. The transaction is subject to receipt of required regulatory approvals and other customary closing conditions. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Cautionary Note Regarding Forward-Looking Statements
Stanley Black & Decker makes forward-looking statements in this Current Report on Form 8-K which represent its expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “will,” “may” and other similar expressions. In addition, any statements that refer to expectations, projections, proceeds or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements made in this Current Report on Form 8-K include, but are not limited to, statements concerning: consummation of the transaction described herein; the Company’s ability to maximize value to shareholders through active portfolio management and capital allocation; the Company’s capital allocation strategy; and the expected impact of the transaction on adjusted EPS.
You are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are not guarantees of future events and involve risks, uncertainties and other known and unknown factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by such forward-looking statements, including, but not limited to, the failure to realize the expected benefits of the Company’s value creation and capital allocation strategies or the expected impact of the transaction on adjusted EPS.
Forward-looking statements made herein are also subject to risks and uncertainties described in Stanley Black & Decker’s 2025 Annual Report on Form 10-K, its subsequently filed Quarterly Reports on Form 10-Q, and other filings Stanley Black & Decker makes with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. Stanley Black & Decker makes no commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement.
Filed exhibits (1)
EX-99.1 (by filename) d493257dex991.htm
EX-99.1
2
d493257dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Stanley Black & Decker Announces Agreement to Sell Excel Industries to Bad Boy Mowers
Transaction Further Refines the Company’s Portfolio to Focus on Growing Its Biggest Brands and Businesses
New Britain, Connecticut, September 4, 2026 - Stanley Black & Decker (NYSE: SWK) today announced that it has entered into a definitive agreement to sell its Excel Industries (“Excel”) business to Bad Boy Mowers. Excel, which is primarily made up of the professional-grade, gas-powered, ride-on and zero-turn mowers under the Hustler® brand, is
expected to generate FY 2026 revenue of approximately $300 million.
Chris Nelson, Stanley Black & Decker’s President & CEO,
commented, “The sale of Excel further refines our portfolio and unlocks greater shareholder value by concentrating resources on the areas where we see the most compelling opportunities to grow and win.
We remain committed to growing our Outdoor business through innovation and our strong family of brands, including Cub Cadet, Dewalt, Craftsman, Troy-Bilt, and
Black+Decker. We are excited about the high-growth opportunities presented in electric outdoor products, and we …