Global Fastener News

Black & Decker Fastener Revenue Improves

July 27
00:00 2005

Black & Decker Fastener Revenue Improves

Jason Sandefur

Fastener sales for Black & Decker Corp. increased 4% to $167.3 million during the second quarter of 2005, while profit from fasteners dipped 4.2% to $22.4 million due to higher raw material costs.
“Automotive division sales drove the increase, as increased penetration on automotive platforms and strong equipment orders outweighed production decreases by key customers,” stated CEO Nolan Archibald.
Fastener sales in the first six months of 2005 climbed 8.8% to $333.3 million, with profit growing 7.4% to $43.2 million. Black & Decker had fastener segment capital expenditures of $4.7 million in the first half.
Overall Q2 sales jumped 31% to a record $1.7 billion, while profit gained 26.4% to $154 million. Black & Decker first half sales rose 35% to $3.2 billion, while net income soared 54% to $301.9 million. Web: bdk.com �2005 FastenerNews.com

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Only registered users can comment.

error: Content is protected !!