1332 ET - Stanley Black & Decker is making $150 million in targeted investments this year aimed at accelerating its supply chain overhaul to reduce the company's reliance on production in China, CFO Patrick Hallinan says on an analyst call. The tool maker anticipates that Donald Trump's targeted tariffs on China could cost the company $90 million to $100 million in 2025 if they remain in place, though Stanley believes it could get the impact down to $10 million to $20 million with higher prices and further changes to its supply chain, the CFO says. Stanley is waiting for greater clarity on tariffs before enacting any new measures to battle the cost inflation, the CFO says. "We expect the current situation to remain dynamic," he says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 13:32 ET (18:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。