Black & Decker Sales Up 6% in 3Q
The Black & Decker Corp., Towson, MD, reported sales of $1.6 billion in the third quarter 2006, up from $1.5 billion in the same period last year. Profit grew 3% to $125.1 million.
Power Tools and Accessories increased sales 1%. Sales in the U.S. Industrial Products Group decreased at a low single-digit rate due to a decline in generator orders. Other key industrial product lines, including cordless tools and accessories, posted sales increases.
Sales in the U.S. Consumer Products Group increased at a mid single-digit rate, reflecting sales of the acquired Vector business. Lower orders for pressure washers and consumer tools such as lasers resulted in an organic sales decrease in this group.
International results remained ...