TOWSON, Md., April 16 /PRNewswire-FirstCall/ -- The Black & Decker
Corporation (NYSE: BDK) today announced that, due to better-than-expected
sales and operating margin, net earnings per diluted share are anticipated
to be approximately $1.60 for the first quarter of 2007. The Corporation
expects to report 3% sales growth for the quarter, primarily from currency
translation and the 2006 acquisition of Vector Products, Inc.
Nolan D. Archibald, Chairman and Chief Executive Officer, commented,
"The Power Tools and Accessories segment benefited from strong
international performance and favorable order patterns in the U.S. As a
result, we expect to report first-quarter sales and earnings significantly
above the guidance we issued in January. However, we continue to anticipate
a challenging economic environment. Therefore we only expect to increase
our full-year EPS guidance slightly when we report first-quarter results
later this month."
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 "Risk
Factors" 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, 2006.
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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CONTACT:
Mark M. Rothleitner, Vice President, Investor
Relations and Treasurer, +1-410-716-3979, or Roger A. Young, Vice
President, Investor and Media Relations, 410-716-3979, both of
The Black & Decker Corporation
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