Stanley black & decker reports 1q 2024 results

First quarter gross margin expanded versus prior year driven by lower inventory destocking costs, supply chain transformation benefits and reduced shipping costs global cost reduction program on-track for expected pre-tax run-rate savings of $1.5 billion by end of 2024 and $2 billion by end of 2025  new britain, conn. , may 2, 2024 /prnewswire/ -- stanley black & decker (nyse: swk), a worldwide leader in tools and outdoor, today announced first quarter 2024 financial results.
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