Stanley Black & Decker anticipates higher tariffs later this year, cites inflation pressures from Iran conflict
Stanley Black & Decker is anticipating higher tariffs later this year, with Chief Financial Officer Pat Hallinan stating that underlying tariff costs will likely be similar to pre-Supreme Court ruling levels by August. The company is also experiencing inflationary pressures on resins, freight, battery metals, and tungsten due to the conflict in the Middle East. Despite these challenges, Stanley Black & Decker reported first-quarter net income of $59.6 million, exceeding Wall Street expectations, and has raised prices to offset increased costs.
https://hartfordbusiness.com/article/stanley-black-decker-anticipates-higher-tariffs-later-this-year-cites-inflation-pressures-from-iran-conflict/