NEW YORK (TheStreet) -- United States-based companies continue to see repercussions from the U.K. referendum to leave the European Union and the global market decline that followed.
"Twenty-five-percent of our revenue [is in Europe]. The only real short term impact is going to be on foreign currency fluctuation and volatility," Lundgren said on CNBC's "Squawk Box" Tuesday morning. "For us at today's exchange rates it's about $5 million, which is a couple cents a share."
Even in "a doomsday scenario," where global markets continue to decline and the pound heads to parity with both the dollar and the euro, Lundgren thinks that his company's losses "would be about $20 million."
"The simple answer is short term we won't see that impact. Long-term that could well be the case. We're going to be late in the supply chain...we'll see that nine months before it would impact our business and would be able change it," Lundgren added.
Shares of Stanley Black & Decker are higher by 1.13% to $105.32 in mid-morning trading.
Separately, TheStreet Ratings team rates Stanley Black & Decker as a "buy" with a ratings score of A.
This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that TheStreet Ratings team rates. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently TheStreet Ratings does not see any significant weaknesses which are likely to detract from the generally positive outlook.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SWK