SWK · 10-Q · 2026Q4 · Full report

CAM Business Divestiture

STANLEY BLACK & DECKER, INC. · 2026-11-04 · Importance 65 · Surprise 60 · Matches filing data

The Company sold its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace on April 6, 2026, for $1.8 billion in cash and used the vast majority of net proceeds to reduce debt and repurchase shares. Through the sale date, CAM contributed $117 million of Engineered Fastening net sales and $22 million of segment profit. In September 2026, the Company agreed to sell Excel Industries, primarily its Hustler-branded professional gas-powered ride-on and zero-turn mowers, for $225 million in cash; the sale was expected to close in the fourth quarter of 2026, subject to approvals and customary conditions. The CAM sale generated a $276.7 million pretax gain, while sales of small businesses resulted in additional pretax losses during the first nine months of 2026.

Key facts

• Cash provided by investing activities in the first nine months of 2026 totaled $1.625 billion, primarily due to $1.815 billion of proceeds from the CAM business sale, partially offset by $196.9 million of capital and software expenditures. source
• On April 6, 2026, the Company sold its CAM business to Howmet Aerospace for $1.8 billion in cash. source
• Through the April 6, 2026 sale date, the CAM business contributed $117.0 million in net sales and $22.0 million in segment profit to Engineered Fastening. source
• In the second quarter of 2026, the Company used the majority of the net proceeds from the CAM divestiture to repay commercial paper borrowings. source
• The Company deployed the vast majority of net proceeds from the CAM divestiture to reduce debt and repurchase shares in the second and third quarters of 2026. source

Impact estimates