By John Keilman

Stanley Black & Decker said it is ready to deal with new tariffs by shifting manufacturing locations and raising prices.

The Connecticut-based maker of DeWalt power tools and Craftsman wrenches has manufacturing operations in countries President Trump has targeted for tariffs. Stanley imports about $1 billion of goods from China and about $1.3 billion from Mexico.

The 10% tariff Trump recently imposed on Chinese goods could cost Stanley around $100 million this year, the company said. It could reduce the impact to as little as $10 million with higher prices and a continuing shift of U.S.-bound production out of the country.

Other highlights from fourth-quarter results:

-- Quarterly earnings per share came in at $1.49, above analysts' expectation of $1.27. Sales of $3.7 billion also beat Wall Street projections.

-- The company expects full-year adjusted earnings of $5.25 per share in 2025, slightly below analysts' expectations.

-- Chief Executive Donald Allan said Stanley is poised to benefit from the nation's aging housing stock with homeowners ready to repair and renovate their homes once interest rates decline.

Shares fell 4% in morning trading.

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(END) Dow Jones Newswires

February 05, 2025 10:52 ET (15:52 GMT)

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