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 Record Q1 Sales
Apr 29, 2005
 Printable format
 Email this Article
 Search

The Black & Decker Corporation announced that net earnings from continuing operations for the first quarter of 2005 were U.S. $147.9 million or $1.79 per diluted share, versus $74.3 million or $0.93 per diluted share in the first quarter of 2004. Excluding a favorable $55 million pre-tax insurance settlement, diluted earnings per share from continuing operations were a record $1.36, an increase of 46 percent over the prior year.

Sales from continuing operations increased 39 percent for the quarter to a record $1.52 billion. Sales of existing businesses increased 17 percent in the quarter, including a positive impact of 2 percent from foreign currency translation. Acquisitions had a positive impact of 22 percent on sales for the quarter.

"Black & Decker had another outstanding quarter, driven by especially strong organic sales growth in the U.S. DEWALT and Price Pfister businesses. Sales growth in our existing businesses has averaged over 10 percent during the last four quarters, and all of our segments grew solidly again this quarter," comments Nolan D. Archibald, chairman and CEO. "Operating margin increased 90 basis points due to sales volume leverage and cost saving initiatives. As a result, we extended our track record of operating improvement to twelve straight quarters of 18 percent or better EPS growth."

Back to Daily News

 

Daily News

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

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

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

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

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
June 2014: Appliance Magazine Market Insight: April 2014




 
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