everyone. good you, morning, and Thank Dennis,
strategy. to another advancing market Black well business, marked simplification step on to focus continue position forward performance as & quarter meaningful Building number transformation Tools our Outdoor, leading Decker. as & Stanley fourth on on Industrial and one and in Our optimize we our journey our our streamline worldwide
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zero to For year, are the adjusted we of $X. EPS guiding an full up range
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topic time innovation. Let's of spend on some the
and our Today, exciting will release advancements industries. I highlight few to continuing products launches. to bring are We and innovation a new
new to relates we DEWALT and electrification, it As introducing outdoor are CRAFTSMAN offerings. outdoor
and For mowers of the Essentials, notably electric and XXXX season, blowers XX-volt a CRAFTSMAN Outdoor CRAFTSMAN lithium-ion an will carry ride-on expansion a as as range washer. new new string brushless of trimmers cordless pressure well our new
including the FLEXVOLT and we DEWALT to system, pruning MAX new addition an XX-volt is a For high-efficiency lightweight chainsaw the brushless of and the X-inch motor. bar that compact a expand with are PRO, continuing
tools, revolutionary site. in area concrete We range and accessories, to solutions, for Shifting industries continue solutions recently growth. debuted storage electrify construction job for to long-term the this key as a job of the professional products another and we commercial and site pros is
FLEXVOLT the expanding in-line the We product with cordless Hammer. the world's SCS Chipping Hexbreaker and Hammer are Cordless MAX first launch family of
also cordless well. Perform as We new safety tools of include Protect the DEWALT large are All most three these powerful angle grinder. introducing features cordless and
intelligence measure develop product advanced compatible work This ToughSystem concrete storing, rather begin CONVERGE, to DEWALT to directly And sooner partnered and XX-volt new lastly, and batteries. have product as company, can we Additionally, concrete relying and pros our using DNA on team operations DEWALT FLEXVOLT optimization than Solution a a new and allows concrete with new for artificial estimations. material leading DEWALT unveil sensors. charging, DEWALT users hardening transporting
exact this product of are product helping with by our cement CONVERGE, the helps to the consumption amount tackle reduce tailoring emissions challenge we In innovation. reducing through carbon Together addition, needed.
our and tools prime our that in to innovations core types are breakthrough leader outdoor, worldwide for customers of to the of users. to expect deliver continue introduce As and the and these we end examples
bit as business XXXX realized transformation. of The million efficiency half great a as We $XXX benefits, savings diving in team organizational changes, the indirect has savings. Now, made cost progress. including into from our well second deeper of our
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place, structure are is teams the and Our new activating priorities. organizational our now in
Innovations, Financial recent you led seasoned CFO, function. Patrick where from as leader are leaders two currently Hallinan executive Brands global for in April high-performing of incoming is he next who serves finance finance a critical brought is Patrick joins has Chief for As candidate their the business have in brands. announcements, named and our Patrick Officer. the our our was across who Fortune ideal functions we us saw on consumer our new transformation. top
joined distinguished record the to and us to long-term our with organizational this during company. critical human and a track world-class enabling to CHRO continuing be period Walburger I forward new will business. their of and for with capital & management. success Decker and look as experience leadership values and instrumental key Deborah and the transformation Lucas John contributions work in to culture highly brings leaders. John our Black thank to them want for our Corbin as Wintner Stanley significant I
Turning supply transformation. to our chain
We from off the our efficient operations, customers of Building cost have $X.X which footprint activated $XXX to of million better and transformation optimize urgency agile line sight cumulative deliver while savings quarter, a billion XXXX sense by and our with to and the our XXXX. also with end by being our of momentum structure. last we of serve
value that and and will products SKUs for that are XXXX, work have longer Throughout deliver decommission. our our action we the XX,XXX we reductions, to initiating After on SKU manufacturing no transition approximately approving to most end our approved users. now customers the for are we
last shared the we quick wins. sourcing strategic As team activated quarter,
share covered that this $X approximately is addresses in that, by has savings. early now quarter. one $XX generated spend, already activated RFPs million are fully to traction pleased which billion is due this are back of XX and We Wave
planning. feasibility thereafter. successfully follow with advanced We also to network completion distribution optimization The this execution the and of our nearing analysis plan facility quarter, detailed shortly
our heightened on will be Kaizen practices at focus SBD wave. complete in four we the have Activation excellence, factories. initiate plants manufacturing and at reemphasizing this Lean we Lastly, And next will March, manufacturing our quarter.
acceleration improvement rigor the exited such, our And plans enable have constraints. the on phase of supply network. will of value continuous refocusing the across pandemic-driven We acute as
the continue expect we billion to updates strides end take us towards our achieving savings to to on and You XXXX. cumulative by provide of XXXX by total our $X of program path you can delivering $X will savings billion with forward, of
as now more on I Corbin? fourth our full pass through the quarter well guidance. you performance take Corbin, will year will who to detailed as and commentary it XXXX
