Stanley Black & Decker (NYSE:SWK) has agreed to divest its STANLEY Infrastructure division, which specializes in attachment and handheld hydraulic tools, to Epiroc AB (OTC:EPOKY) (OTC:EPIAF) for $760 million in cash.
The Infrastructure division is projected to yield revenues in the range of $450 million to $470 million in FY23, with an anticipated EBITDA margin hovering between the mid to high teens; the divestiture of the Infrastructure division is perceived as a strategic advancement for Stanley Black & Decker.
The company plans to use the net proceeds from this transaction, after minimal taxes, to reduce its debt burden.
Stanley Black & Decker anticipates a pre-tax, non-cash charge ranging from $100 million to $150 million. This charge, stemming from the write-down of Infrastructure's net assets, will be excluded from the company's adjusted earnings.
Price Action: SWK shares traded at $101.49 on the last check Friday.
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Stanley Black & Decker(纽约证券交易所代码:SWK)已同意以7.6亿美元的现金将其专门生产附属装置和手持液压工具的斯坦利基础设施部门剥离给安百拓公司(场外交易代码:EPOKY)(场外交易代码:EPIAF)。
基础设施部门预计将在23财年实现4.5亿美元至4.7亿美元的收入,预计息税折旧摊销前利润率将徘徊在中高水平之间;基础设施部门的剥离被视为Stanley Black & Decker的一项战略进步。
该公司计划使用该交易的净收益(扣除最低税收后)来减轻其债务负担。
斯坦利·布莱克和德克尔预计,税前非现金费用从1亿美元到1.5亿美元不等。这笔费用源于基础设施净资产的减记,将不包括在公司的调整后收益中。
价格走势:周五最后一次支票,SWK股票的交易价格为101.49美元。
免责声明: 此内容部分是在人工智能工具的帮助下制作的,并由 Benzinga 编辑审阅和发布。
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