Stanley Black & Decker, Inc. filed a Form 8-K on November 4, 2026, disclosing third quarter 2026 results and announcing a new $1 billion share repurchase authorization approved by its Board of Directors on October 29, 2026.

Key Highlights

  • New buyback authorization: The Board of Directors approved a share repurchase authorization allowing the Company to repurchase up to $1 billion of its common stock.
  • Approval date: The Share Repurchase Authorization was approved on October 29, 2026.
  • Expiration: The authorization will expire 36 months from the date of approval.
  • Prior authorization terminated: The Company terminated its prior share repurchase authorization upon approval of the new one.
  • Repurchase methods: Repurchases may occur through open market purchases, privately negotiated transactions, or share repurchase programs, including accelerated share repurchase programs.
  • Funding sources: Repurchases may be funded from cash on hand, short-term borrowings, or other sources of cash at the Company's discretion.
  • No obligation to repurchase: According to the filing, "The Company is under no obligation to repurchase any shares pursuant to the Share Repurchase Authorization and repurchases may be suspended or terminated at any time at the Company's discretion."

Stanley Black & Decker's $1 Billion Repurchase Authorization Details

Stanley Black & Decker, Inc. (NYSE:SWK) disclosed in a November 4, 2026 Form 8-K that its Board of Directors approved a new share repurchase program on October 29, 2026, authorizing the repurchase of up to $1 billion of its common stock. The filing states that this new authorization simultaneously terminated the Company's prior share repurchase authorization. The authorization is set to expire 36 months from the date of approval.

According to the filing, the Company may execute repurchases through multiple methods, including open market purchases, privately negotiated transactions, or share repurchase programs, which may include one or more accelerated share repurchase programs. The filing notes that under an accelerated share repurchase program, "an initial payment for the entire repurchase amount may be made at the inception of the program." Permitted funding sources include cash on hand, short-term borrowings, or other sources of cash, as determined at the Company's discretion.

The filing also reported, under Item 2.02, that the Company issued a press release on November 4, 2026, announcing its third quarter 2026 results, though the specific financial figures from that press release were not reproduced within the 8-K body. The filing was signed by Patrick Hallinan, Executive Vice President, Chief Financial Officer and Chief Administrative Officer. The Company noted that the amount and timing of any repurchases are subject to factors including liquidity, share price, market conditions, and legal requirements.

What Was Disclosed

Stanley Black & Decker filed an 8-K on November 4, 2026, disclosing a new $1 billion share repurchase authorization approved October 29, 2026, with a 36-month term, alongside a press release covering third quarter 2026 results.