Stanley Black & Decker Says Global Cost Reduction Program Remains On-Track For Expected Pre-tax Run-Rate Savings Of $1.5B By End Of 2024 And $2B By End Of 2025
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker announced that its global cost reduction program is on track to achieve pre-tax run-rate savings of $1.5 billion by the end of 2024 and $2 billion by the end of 2025.
July 30, 2024 | 10:09 am
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Stanley Black & Decker's cost reduction program is progressing as planned, with expected pre-tax run-rate savings of $1.5 billion by the end of 2024 and $2 billion by the end of 2025.
The announcement of significant cost savings indicates improved operational efficiency and potential for higher profitability, which is likely to positively impact the stock price in the short term.
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