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Stanley Black & Decker sets Q1 2024 earnings webcast for May 2

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NEW BRITAIN, Conn. – Stanley Black & Decker (NYSE: SWK), a prominent global manufacturer of tools and outdoor equipment, has scheduled its first quarter 2024 earnings webcast for 8:00AM ET on Thursday, May 2, 2024. In conjunction with the webcast, a news release detailing the company’s financial results will be made available prior to the market opening on the same day.

Investors and interested parties will have the opportunity to access the live webcast through the company’s website, where registration for the teleconference and the accompanying slide presentation will also be provided. The presentation is slated to be accessible on the “Investors” section under “News & Events” and will remain available for future reference.

Following the live event, a replay of the webcast will be offered two hours after the conclusion of the call. This can be accessed through the “Investors” section of the Stanley Black & Decker website, ensuring that those who could not attend the live broadcast can still obtain the information presented.

Stanley Black & Decker, headquartered in the United States, is recognized for its extensive range of products, including innovative power tools, hand tools, storage solutions, digital jobsite equipment, and engineered fasteners.

The company’s brand portfolio includes well-known names such as DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet®. Employing over 50,000 individuals, Stanley Black & Decker prides itself on serving builders, tradespeople, and DIY enthusiasts worldwide.

This announcement is based on a press release statement from Stanley Black & Decker. For additional information, investors may contact Dennis Lange, Vice President of Investor Relations, or Christina Francis, Director of Investor Relations.

InvestingPro Insights

As Stanley Black & Decker (NYSE: SWK) gears up to share its Q1 2024 financial results, investors may be seeking context for the company’s current valuation and performance. With a market capitalization of $14.42 billion and a P/E ratio that reflects investor sentiment, the company’s financial health and industry positioning become a focal point.

InvestingPro Data indicates that Stanley Black & Decker has a trailing twelve-month revenue of $15.78 billion, with a gross profit margin sitting at 25.98%. Despite a decline in revenue growth over the last twelve months by -6.88%, the company has maintained a dividend yield of 3.43%, which is notable given the current economic climate.

This is in line with the company’s history of consistent dividend payments, having raised its dividend for 53 consecutive years, as highlighted by one of the InvestingPro Tips.

Another InvestingPro Tip points out that analysts are optimistic about the company’s net income growth this year. This is an important consideration for investors looking at the stock’s future potential. Additionally, the company’s role as a prominent player in the Machinery industry further solidifies its market presence.

For those interested in a deeper analysis, there are additional InvestingPro Tips available that could provide further insights into Stanley Black & Decker’s financial outlook. For example, while the company has not been profitable over the last twelve months, analysts predict profitability this year, and it is trading at a high EBIT valuation multiple.

Investors can explore these insights and more by taking advantage of a special offer. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes access to a broader range of InvestingPro Tips that could enhance your investment strategy. There are currently six additional InvestingPro Tips listed for Stanley Black & Decker that can be accessed for further detailed analysis.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Comet fragment lights up sky over Spain and Portugal ‘like a movie’

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By Catarina Demony and Ana Cantero

LISBON (Reuters) – A bright comet fragment lit up the skies over parts of Spain and Portugal late on Saturday, according to the European Space Agency (ESA), with one Lisbon resident saying the dazzling display “felt like a movie”.

On Sunday morning, the ESA shared on X a video captured by its “fireball camera” of what it described as a “stunning meteor” over the skies of the western Spanish city of Caceres, near the Portuguese border.

But it later said it appeared to be a “small piece of a comet” and not a meteor, estimating it flew over Spain and Portugal at a speed of 45 km (28 miles) per second before burning up over the Atlantic.

“The likelihood of any meteorites being found is very low,” the ESA said.

In both countries, videos shot in several cities and towns went viral on social media, showing the object crossing the night sky at high speed and illuminating it in bright tones of blue and green.

The Spanish Calar Alto astronomical observatory also said a preliminary analysis by Andalusia’s Institute of Astrophysics revealed the object had a “cometary origin”.

During a concert in the Portuguese city of Barcelos, the object was filmed streaking across the sky as the singer performed. Another video showed the skies of Porto, Portugal’s second biggest city, turning bright for a few seconds.

Many contacted emergency services to report what happened. A spokesperson for the Spanish Emergency service 112, in Madrid, told Europa Press news agency it had received several calls.

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Lisbon resident Bernardo Taborda, 31, told Reuters he was walking around the city with friends when the sky suddenly turned bright green: “It almost looked like daylight … we all looked back and saw it.”

“It felt like a movie, we all looked at each other and we were stunned,” Taborda said. “It was amazing.”

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Helicopter carrying Iran’s President Raisi crashes in mountains, official says

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By Parisa Hafezi and Elwely Elwelly

DUBAI (Reuters) -A helicopter carrying Iranian President Ebrahim Raisi and his foreign minister crashed on Sunday as it was crossing mountain terrain in heavy fog, an Iranian official told Reuters, and rescuers were making their way to the site of the incident.

The official said the lives of Raisi and Foreign Minister Hossein Amirabdollahian were “at risk following the helicopter crash”, which happened on the way back from a visit to Iran’s border with Azerbaijan.

“We are still hopeful but information coming from the crash site is very concerning,” said the official, speaking on condition of anonymity.

The bad weather was complicating rescue efforts, the state news agency IRNA reported. The chief of staff of Iran’s army ordered all the resources of the army and the elite Revolutionary Guard to be put to use in the search and rescue operations.

State TV stopped all its regular programming to show prayers being held for Raisi across the country and, in a corner of the screen, live coverage of rescue teams deployed on foot in the mountainous area in heavy fog.

The rescue teams were expected to reach the site of the crash later on Sunday evening, state TV reported.

Raisi, 63, was elected president in 2021, and since taking office has ordered a tightening of morality laws, overseen a bloody crackdown on anti-government protests and pushed hard in nuclear talks with world powers.

In Iran’s dual political system, split between the clerical establishment and the government, it is the supreme leader rather than the president who has the final say on all major policies.

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But many have seen Raisi as a strong contender to succeed his 85-year-old mentor, Supreme Leader Ayatollah Ali Khamenei, who has strongly endorsed Raisi’s main policies.

Raisi’s victory in a closely managed election in 2021 brought all branches of power under the control of hardliners, after eight years when the presidency had been held by pragmatist Hassan Rouhani, who negotiated a nuclear deal with Washington.

However, Raisi’s standing may have been dented by widespread protests against clerical rule and a failure to turn around Iran’s economy, hamstrung by Western sanctions.

Raisi had been at the Azerbaijani border to inaugurate the Qiz-Qalaisi Dam, a joint project.

Interior Minister Ahmed Vahidi told state TV only that one of the helicopters in a group of three had come down in the incident, and that authorities were awaiting further details.

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Sean ‘Diddy’ Combs apologizes after video depicting attack on ex-girlfriend

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By Katharine Jackson

(Reuters) – Music mogul Sean “Diddy” Combs posted an apology to social media on Sunday, two days after the release of hotel surveillance video that appeared to show him attacking his ex-girlfriend.

“I’m truly sorry,” Combs said in a video post on his Instagram page. “My behavior on that video is inexcusable. I take full responsibility for my actions in that video. I’m disgusted. I was disgusted then when I did it. I’m disgusted now.”

Addressing the camera directly, Combs said he had sought therapy and gone into rehab.

In the surveillance video from 2016, which was released by CNN on Friday, the rapper appears to grab R&B vocalist Casandra Ventura as she waits by an elevator in a California hotel. Clad only in a towel, he throws her to the floor, kicking her repeatedly before dragging her toward a hallway, the video shows.

A representative for Combs could not be immediately reached for further comment.

Ventura, who performs under the stage name Cassie, sued Combs in 2023, accusing him of serial physical abuse, sexual slavery and rape during a 10-year professional and romantic relationship in which he controlled her through intimidation, drugs and alcohol. The parties settled the matter the following day for undisclosed terms. Representatives for Combs said at the time the settlement was “in no way an admission of wrongdoing.”

The lawsuit was one of at least four civil complaints in recent months that leveled sexual assault allegations against Combs.

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The U.S. Department of Homeland Security said in March it had opened an investigation into the hip-hop star and searched his homes in the Miami area and in Los Angeles; it provided no details of the nature of the investigation.

Local television images of the search showed an armored vehicle and officers carrying rifles outside Combs’ Los Angeles home. Authorities detained some people at the property with their hands bound by zip ties.

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