Accretive Acquisitions Strengthen Stanley Black Decker Portfolio in $25 Billion-Plus Outdoor Power Equipment Industry Stanley Black Decker (NYSE: SWK) today announced that it has successfully completed the acquisition of two leading companies in the growing outdoor power equipment industry, including purchasing the remaining 80 percent ownership stake in MTD Holdings Inc ("MTD") and the acquisition of Excel Industries ("Excel"). These transactions establish Stanley Black Decker as a U.S. based global leader in outdoor products and complement the Company's position as the fastest growing provider of cordless electric outdoor power equipment with strong brands such as DEWALT®, CRAFTSMAN® and BLACK+DECKER®. Stanley Black Decker's CEO, James M. Loree commented, "The combination of these two high-quality, complementary businesses with our existing outdoor business creates a powerful growth engine with approximately $4 billion in annual revenue across

Budapest pivot: Hungary shifts from plants to R&D. Hungary is steering its automotive policy away from factory construction and toward research and development, as the country's post-Orbán turn reshapes strategy at one of Central and Eastern Europe's key industry hubs - with ripple effects for global carmakers. AI-generated article, editorially reviewed by EastAutoNews. Hungary is rewriting its automotive playbook. After years in which the country's appeal to the global car industry rested on the construction of large manufacturing plants, Budapest is now steering its investment policy toward research and development - a change of course that, as Carmarket.bg reports, signals where the next chapter of the country's industrial strategy will be written. The pivot is inseparable from Hungary's political transformation. The country's drive to free itself from everything connected with Viktor Orbán is already being felt across the global automotive industry, and under the previous government the emphasis lay squarely on winning big factory projects. The new direction puts labs, engineering and development capacity ahead of new assembly lines. Hungary brings tangible assets to that ambition: it is the largest electronics producer in Central and Eastern Europe, a foundation that supports a move up the value chain. The timing also suits the wider European moment. October data showed the continent's auto sector posting its fastest output growth in more than five years, yet manufacturing as a whole faced higher input cost pressures than services, with machinery and technology equipment absorbing the steepest increases - an environment in which higher-value engineering looks a more durable bet than volume production. Investors, meanwhile, have not lost their appetite for the region. Stanley Black & Decker's third-quarter 2026 results showed European organic revenue up 1%, with continued strength in Eastern Europe - evidence that the broader region remains a bright spot even as Hungary recalibrates its offer. For global automakers and suppliers with Hungarian footprints, the message from Budapest is that the next phase of the country's auto story will be defined by development work rather than by new plant construction. For dealers and buyers, shifts like these are a reminder of how quickly European market conditions can move - and why comparing offers across the continent pays off before committing to a purchase. Anyone currently looking for a vehicle can find sensational cars at sensational conditions at WorldTrader24, Europe's marketplace with over 70,000 vehicles. Listen to article ≈ 2 min AI voice by EastAutoNews Tap a star - your rating helps EastAutoNews get better. Never miss a story. One email. Every weekday. The stories that matter from Warsaw to Bucharest. Free. No spam. Unsubscribe anytime.

Stanley Black & Decker raised its full-year 2026 adjusted earnings per share (EPS) guidance to $5.95 to $6.25, citing tariff refunds and lower interest expense. Third-quarter organic growth was 4%, led by 7% volume growth in Tools and Outdoor, especially power tools in US retail and commercial channels. Tariff refunds added $0.67 to adjusted EPS. Adjusted gross margin reached 39.4%, and free cash flow guidance rose to $1 billion to $1.2 billion. The company agreed to sell Xcel, its Hustler-branded mower business. Its board approved a new $1 billion share repurchase authorisation, after a $500 million programme finished in the third quarter. Weather hurt outdoor sales, and a soft automotive market cut Engineered Fastening organic sales by 2%. Management plans a price increase at the turn of the year to offset rising steel and electrical component costs.