TOWSON, Md., April 6 /PRNewswire-FirstCall/ -- The Black & Decker
Corporation (NYSE: BDK) today announced that, due to strong demand in its
North American businesses, it expects to report sales growth of 16% for the
first quarter of 2004, or mid single-digit growth excluding currency
translation and acquisitions. As a result, it expects that first-quarter
diluted earnings per share from continuing operations will be in the $0.90-to-
$0.93 range, versus prior guidance of $0.65-to-$0.70. The Corporation
reported diluted earnings per share of $0.55 in the first quarter of 2003.
The Corporation will discuss the outlook for the remainder of 2004 during
a conference call on Tuesday, April 20, 2004, following the release of its
first-quarter 2004 results. The call is scheduled to begin at 10:00 a.m.,
E.T., and will be webcast "live" over the Internet. Investors can listen to
the call by visiting http://www.bdk.com and clicking on the icon labeled "Live
Webcast." It is recommended that listeners log-in at least ten minutes prior
to the beginning of the call to assure timely access. A webcast replay of the
conference call will be available at http://www.bdk.com.
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, 2003.
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
 back to top
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 Corporation
|
