Stanley Black & Decker, Inc. (SWK) CEO Donald Allan on Q2 2022 Results - Earnings Call Transcript

Stanley Black & Decker, Inc. (NYSE:SWK) Q2 2022 Results Conference Call July 28, 2022 8:00 AM ET

Company Participants

Dennis Lange - Vice President of Investor Relations

Donald Allan - President and Chief Executive Officer

Corbin Walburger - Vice Presidentand Interim Chief Financial Officer

Conference Call Participants

Jeffrey Sprague - Vertical Research Partners

Timothy Wojs - Robert W. Baird

Nigel Coe - Wolfe Research

Michael Rehaut - JPMorgan Chase

Julian Mitchell - Barclays Bank

Operator

Welcome to the Second Quarter 2022 Stanley Black & Decker, Inc. Earnings Conference Call. My name is Shannon, and I will be your operator for today's call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded.

I will now turn the call over to the Vice President of Investor Relations, Dennis Lange. Mr. Lange, you may begin.

Dennis Lange

Thank you, Shannon. Good morning, everyone and thanks for joining us for Stanley Black & Decker's 2022 second quarter webcast. On the webcast, in addition to myself, is Don Allan, President and CEO; and Corbin Walburger, Vice Presidentand Interim CFO.

Our earnings release which was issued earlier this morning and a supplemental presentation which we will refer to are available on the IR section of our website. A replay of this morning's webcast will be available beginning at 11 a.m. today.

This morning, Don and Corbin will review our 2022 second quarter results and various other matters followed by a Q&A session. Consistent with prior calls, we will be just sticking with just one question per caller. And as we normally do, we will be making some forward-looking statements during the call based on our current views.

Such statements are based on assumptions of future events that may not prove to be accurate and as such, they involve risk and uncertainty. It is therefore possible that actual results may materially differ from any Forward-Looking Statements that we may make today. We direct you to the cautionary statements in the 8-K that we filed with our press release and in our most recent '34 Act filing.

I will now turn the call over to our President and CEO, Don Allan.

Donald Allan

Thank you, Dennis and good morning, everyone. As you saw from this morning's results, we continue to navigate a dynamic macro environment including inflation, rising interest rates and now late in the quarter, we started to see these factors impact retail, customer demand across our global Tools & Outdoor markets.