Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Black & Decker Reports Increased Q1 Earnings
Apr 27, 2006
 Printable format
 Email this Article
 Search

Power tool maker The Black & Decker Corporation announced net earnings from continuing operations for the first quarter of 2006 increased 11 percent to U.S. $113.1 million, or $1.45 per diluted share, compared to $1.74 in the first quarter of 2005.

Sales from continuing operations increased 1 percent for the quarter to a record $1.5 billion, following a 15-percent organic-sales increase in the first quarter of 2005.

The company reported sales in the Power Tools and Accessories segment increased 2 percent for the quarter, with sales in Europe and Latin America enabling the segment to post an increase on top of 17 percent organic sales growth in the same period of 2005.

European sales grew solidly, despite the divestiture of Flex, due to the strength of Dewalt(R) tools and lawn and garden products such as the new Alligator(TM) lopper. The U.S. Industrial Products Group, which drove the segment's performance in 2005, increased sales slightly this quarter. Sales in the U.S. Consumer Products Group decreased modestly, as lower sales in the pressure washer and lawn and garden lines were nearly offset by gains in Black & Decker(R) consumer tools and the acquisition of Vector.

"Looking ahead, we continue to expect solid growth in 2006," Nolan D. Archibald, chairman and CEO, said. "We remain confident that Dewalt's 36-V line of lithium-ion tools, which arrives in stores later this quarter, will reinforce our cordless leadership position. Combined with the Vector acquisition, this launch and other new products should help us grow sales at a mid single-digit rate for the second quarter and full year."

Black & Decker said it expects diluted earnings per share (EPS) from continuing operations in the range of $7.30 to $7.45. For the second quarter, it expects diluted EPS from continuing operations in the range of $1.95 to $2.00. The company said this represents EPS growth of 8 percent to 11 percent for the full year and 6 percent to 9 percent for the second quarter.

Back to Daily News

 

Daily News

...........................................................

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

Dec 19, 2014: Strong North American PCB Order Growth in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows