SWK · 8-K · 20260904PR383511

Portfolio Reshaping (M&A / Divestiture)

STANLEY BLACK & DECKER, INC. · 2026-09-04 · Importance 52 · Surprise 42 · Contradicted

Stanley Black & Decker agreed on September 4, 2026, to sell Excel Industries to Bad Boy Mowers; Excel is expected to generate approximately $300 million in FY 2026 revenue. The company said the sale further refines its portfolio and allows it to concentrate resources on growth opportunities, while continuing to invest in its Outdoor business, including electric outdoor products and residential ride-on and zero-turn mowers. The transaction is subject to regulatory approval and customary closing conditions, is not expected to be dilutive to adjusted EPS, and Excel’s results will remain in continuing operations until closing.

Key facts

• Excel is expected to generate FY 2026 revenue of approximately $300 million. source
• On September 4, 2026, Stanley Black & Decker entered into a definitive agreement to sell its Excel Industries business to Bad Boy Mowers. source
• Stanley Black & Decker does not expect the Excel transaction to be dilutive to adjusted EPS. source
• The Excel transaction is subject to regulatory approval and other customary closing conditions. source
• Stanley Black & Decker said it will continue investing in high-performance residential ride-on and zero-turn mowers. source
• Until the Excel transaction closes, Excel’s results will remain in continuing operations and will not be reclassified as discontinued operations. source
• Stanley Black & Decker said the Excel sale further refines its portfolio and concentrates resources on areas where it sees compelling opportunities to grow and win. source
• Excel is primarily made up of professional-grade, gas-powered ride-on and zero-turn mowers under the Hustler brand. source

Impact estimates