Stanley Black & Decker makes hand tools, power tools and outdoor equipment sold under brands including Stanley, Black & Decker, DeWalt and Craftsman, one of the largest tool manufacturers in the world. Its brand portfolio spans both professional-grade tools sold to contractors and tradespeople and more consumer-oriented tools sold to homeowners and DIY hobbyists, giving the company exposure to both professional and consumer end markets. Stanley Black & Decker's professional tools business tends to be more resilient across economic cycles, since contractors and tradespeople need reliable tools for their livelihoods regardless of broader economic conditions, while consumer tool purchases can be more discretionary. The company's revenue and profitability are sensitive to residential construction and renovation activity, along with broader industrial and commercial construction spending that drives demand for its professional-grade tool lines.