Stanley Black & Decker reported revenues dropped 3% to $15.4 billion in 2024. Organic revenue was flat, led by growth in aerospace fasteners and its DeWALT power tool line.

During the fourth quarter, Engineered Fastening organic revenues were flat, as aerospace and general industrial growth was offset by automotive market softness.

CEO Donald Allan, Jr. said his company is “preparing countermeasures designed to mitigate the impact from recently announced tariffs as their full effect becomes known.”

“We’ve successfully managed this before,” Allan added, referring to tariffs introduced during the first Trump administration.

The financial results come days after Stanley Engineered Fastening India (SEFI) sold its two-wheeler functional plastics division to JRG Automotive Industries Private Limited. The SEFI division produces plastic injection-moulded components for two-wheeler OEMs, construction equipment manufacturers, and Tier-1 two-wheeler suppliers across India.

In late 2024 Stanley Black & Decker signaled its intent to shop its $1.2 billion Engineered Fastening business.

Stanley Engineered Fastening supplies the aerospace, automotive, construction, energy and medical industries. SEF operates 79 facilities around the world, including 28 in Asia (including 10 in Japan, five in China and four in India); three in Central and South America; 14 in Europe, Middle East & Africa; and 34 in North America, including 29 in the U.S.