Market Briefing

  • US Economy
  • Housing
  • Power Tool Industry
  • Distribution
  • Canada
  • Market Trends
  • PDF
  • US Economy
  • Housing
  • Power Tool Industry
  • Distribution
  • Canada
  • Market Trends
  • PDF

Power Tool Industry

Power Tool Industry July 2019

7/11/2019

 
Robert Bosch
Bosch has used their open-source-based Bosch IoT Suite to connect more than 10 million devices from various manufacturers and is now working with partners to enable those devices to communicate and interact in secure ecosystems. Bosch sold 52 million web-enabled products in 2018, up more than 33% from the previous year. Bosch gave attendees a glimpse of the interconnected future at Bosch ConnectedWorld 2019 in Berlin. Bosch CEO Dr. Volkmar Denner said that in the future things will not just be connected in order to communicate, but in order to enable them to do business together.
 
Stanley Black & Decker
Bank of America/Merrill Lynch initiated their coverage of SB&D stock with a rating of Underperform, noting that slowing power tool trends, a challenging auto segment, structural headwinds in Security and China supply chain exposure were all risks. They also said home values are rising at a slower rate, which they said has historically led to slower power tool demand. The analyst also felt that the Security business will be tough to fix and that selling is not an easy option. 
 
SB&D won four Comparably Awards, including Best CEO as rated by Female employees, Best CEO as rated by racially diverse employees, Best Leadership Team and Best Company for Professional Development. Comparably Awards are derived from sentiment ratings provided by employees who anonymously rate their employer throughout the year in nearly 20 core culture categories. The final data was compiled from nearly 10 million ratings across 50,000 US companies on Comparably.com.
 
TTI/Techtronic Industries
Milwaukee will open the latest new building in their global research and development headquarters in Brookfield in October. In addition, Milwaukee is reportedly attempting to acquire more neighboring land for their next expansion, according to Milwaukee Tool Group President Steve Richman. He went on to say they have to stop underestimating their needs and go “really big” in their next expansion. They want to acquire enough acreage to accommodate ten years’ worth of growth. Richman said they hope to be able to expand in Wisconsin, but will look elsewhere if necessary. 
​© Robert Bosch Tool Corporation.  All rights reserved, no copying or reproducing is permitted without prior written approval.


    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016

    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture


    ​Contact Us

Powered by Create your own unique website with customizable templates.