TOWSON, Md., Jan. 3 /PRNewswire-FirstCall/ -- The Black & Decker
Corporation (NYSE: BDK) today announced that it expects recurring diluted
earnings per share will meet or exceed analysts' consensus estimates of $1.01
for the fourth quarter and $3.19 for the full year 2002. Nolan D. Archibald,
Chairman and Chief Executive Officer, commented, "We expect to deliver
excellent operating profit improvement on low single-digit sales growth for
the fourth quarter, as we had anticipated. As a result, we are comfortable
with the consensus earnings estimate for the fourth quarter." The Corporation
will release details regarding its fourth quarter 2002 results and the outlook
for 2003 on Thursday, January 30, 2003.
This release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. By their nature, all forward-looking statements involve
risks and uncertainties. For a more detailed discussion of the risks and
uncertainties that may affect Black & Decker's operating and financial results
and its ability to achieve the financial objectives discussed in this press
release, interested parties should review the "Forward-Looking Statements"
sections in Black & Decker's reports filed with the Securities and Exchange
Commission, including the Annual Report on Form 10-K for the fiscal year ended
December 31, 2001, and the Quarterly Report on Form 10-Q for the quarter ended
September 29, 2002.
Black & Decker is a leading global manufacturer and marketer of power
tools and accessories, hardware and home improvement products, and technology-
based fastening systems.
SOURCE The Black & Decker Corporation
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Related links:
http://www.bdk.com
Company News On-Call: Black & Decker press releases
available through http://www.prnewswire.com/comp/235329.html
CONTACT:
Barbara B. Lucas, Senior Vice President -
Public Affairs, +1-410-716-2980; or Mark M. Rothleitner, Vice
President - Investor Relations and Treasurer, +1-410-716-3979,
both of Black & Decker
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