Stanley Black & Decker Completes Sale of Consolidated Aerospace Manufacturing Business to Howmet Aerospace (Form 8-K)

Stanley Black & Decker Completes Sale of Consolidated Aerospace Manufacturing Business to Howmet Aerospace

Transaction Increases Financial Flexibility to Pursue More Dynamic Capital Allocation Strategy for Shareholder Value Creation

New Britain, Connecticut, April 6, 2026 Stanley Black & Decker (NYSE: SWK) today announced that it has completed the previously announced sale of its Consolidated Aerospace Manufacturing ("CAM") business to Howmet Aerospace for approximately $1.8 billion in cash. Stanley Black & Decker expects to utilize the net proceeds from the transaction of approximately $1.57 billion (net of taxes and fees) to reduce debt.

Chris Nelson, Stanley Black & Decker's President & CEO, commented, "The successful sale of CAM further focuses our portfolio on our core businesses. The proceeds from this transaction are expected to significantly reduce our debt, positioning us to achieve our target leverage ratio of at or around 2.5 times net debt to adjusted EBITDA by year end, and enabling additional capital allocation opportunities. We remain committed to disciplined capital allocation and accelerating value creation for our shareholders."

"We would also like to recognize the CAM team for their dedication and outstanding contributions, which have been instrumental to our business success. As they now embark on their next chapter with Howmet Aerospace, we are confident they will continue to set new standards of excellence and continue to drive meaningful impact."

About Stanley Black & Decker

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 43,500 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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