This is a small divestiture with no disclosed price and no EPS dilution expected. The stock impact is likely muted. Monitor for regulatory approval timing and any future portfolio moves, but no immediate trading catalyst.
Price Chart
Executive Summary
Stanley Black & Decker announced the sale of its Excel Industries subsidiary (Hustler brand) to Bad Boy Mowers. The business is expected to generate ~$300M in FY2026 revenue. The company stated the transaction is not expected to be dilutive to adjusted EPS and will keep results in continuing operations until close. This is a modest portfolio refinement, shedding a gas-powered mower business while retaining electric outdoor brands like Cub Cadet and Dewalt, but the deal size is small relative to SWK's $14.6B market cap and no purchase price was disclosed.
Key Facts
- Stanley Black & Decker entered a definitive agreement to sell Excel Industries (Hustler brand) to Bad Boy Mowers.
- Excel is expected to generate FY2026 revenue of approximately $300 million.
- The transaction is subject to regulatory approval and other customary closing conditions.
- The company does not expect the transaction to be dilutive to adjusted EPS.
- Results of Excel will remain in continuing operations until the transaction closes.
- BofA Securities acted as financial advisor; Cravath, Swaine & Moore as legal counsel.
Financial Impact
Excel expected to generate ~$300M in FY2026 revenue; no purchase price disclosed. Deal is small relative to SWK's $14.6B market cap.
Risk Factors
- Regulatory approval may not be obtained or may be delayed.
- The sale price was not disclosed, making it difficult to assess value creation.
- Focus on electric outdoor products may face competitive pressure.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-383511 |
| Document: d493257dex991.htm | 0001193125-26-383511 |
| Document: 0001193125-26-383511-index-headers.html | 0001193125-26-383511 |
| Document: 0001193125-26-383511-index.html | 0001193125-26-383511 |
| Document: 0001193125-26-383511.txt | 0001193125-26-383511 |
Track record builds as more directional reports settle.
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| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 27d ago | 8-K | $97.36 $88.89 | ▼ −8.70% | ▼ −7.49% | $90.62 (−6.92%) |
Aug 17, 2026 6w ago | Court Ruling | $99.59 $98.51 | ▼ −1.08% | ▲ +0.11% | $90.62 (−9.01%) |
Jun 24, 2026 14w ago | 8-K | $92.31 $91.34 | ▼ −1.05% | ▼ −2.61% | $90.62 (−1.83%) |
Apr 20, 2026 23w ago | 8-K | $75.06 $79.81 | ▲ +6.33% | ▲ +5.42% | $90.62 (+20.74%) |
Apr 6, 2026 25w ago | 8-K | $67.96 $72.28 | ▲ +6.36% | ▲ +2.22% | $90.62 (+33.35%) |
Mar 6, 2026 30w ago | DEFA14A | $76.09 $70.10 | ▼ −7.87% | ▼ −6.34% | $90.62 (+19.10%) |
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