Black & Decker Corp
Industry: Appliance & Tool

The Black & Decker Corporation is a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, as well as technology-based fastening systems. The Company markets products and services in over 100 countries. It operates in three business segments: power tools and accessories, hardware and home improvement and fastening and assembly systems. The power tools and accessories segment manufactures and sells consumer and professional power tools and accessories, electric cleaning and lighting products and electric lawn and garden tools.

Business Summary
The Black & Decker Corporation is a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems. The Company is also a global supplier of engineered fastening and assembly systems. The Company operates in three business segments: Power Tools and Accessories, including consumer and professional power tools and accessories, lawn and garden tools, electric cleaning and lighting products, and product service; Hardware and Home Improvement, including security hardware and plumbing products, and Fastening and Assembly Systems. In January 2004, the Company completed the sale of two European security hardware businesses, Corbin and NEMEF. In October 2004, the Company acquired the Porter-Cable and Delta Tools Group (Tools Group) from Pentair, Inc. The Tools Group includes the Porter-Cable, Delta, DeVilbiss Air Power Company, Oldham Saw and FLEX businesses.

Financial Summary
BDK manufactures, markets and services power tools and accessories, residential security hardware, household appliances and metal and plastic fasteners/fastening systems for commercial applications. For the 6 months ended 7/3/05, revenue rose 35% to $3.22B. Net income from cont. ops. rose 54% to $301.9M. Results reflect higher sales of power tools and plumbing products and a $55M favorable insurance settlement.