Black & Decker Fastener Sales Up
April 27
00:00
2006
Black & Decker Fastener Sales Up
Jason Sandefur
Black & Decker reported revenue from its Fastener and Assembly Systems segment grew 2% to $170.2 million during the first quarter of 2006, driven by “solid growth” in its international automotive divisions. The company had flat sales in its North American automotive division. Operating income edged up 1.2% to $24.3 million.
Consolidated revenue rose 1% to $1.53 billion, while net earnings gained 11% to $113.1 million.
“Black & Decker extended its track record of outstanding financial performance this quarter,” CEO Nolan Archibald stated. Web: bdk.com �2006 FastenerNews.com
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