| Black & Decker
Earnings Call |
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Blackrock Earnings Call, First Quarter 2008
10th June 2008 00:00 AM |
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| Strong organic growth in assets under management led to growth in earnings. |
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| The investment management firm reported revenues of $1.3 billion, up 29%, compared to $1 billion in the prior year. As a result, operating income of $417 million or $1.82 a share. Further, results were driven by organic AUM growth which totaled $158 billion including $35 billion of organic flows in the first quarter of 2008. The firm remains vigilant in its efforts to manage the global platform with financial discipline, while continuing to make strategic investments in the business. |
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Black & Decker First Quarter Earnings Call
20th May 2008 00:00 AM |
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| Net earnings fell to $67.4 million from $108.1 million a year earlier as the company took a $12.2 million after-tax restructuring charge. |
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| Sales fell 5% to $1.5 billion despite a positive 4% boost from the weaker dollar. Excluding a restructuring charge of $12.2 million after-tax, net earnings were $79.6 million, or $1.29 per share. U.S. housing downturn and related credit tightening have lowered demand for tools, locksets, and faucets. The company repurchased 2 million shares and 6.3 million over the past year. The company expects EPS in the range of $1.40 to $1.50 for Q2. |
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Black & Decker First Quarter Earnings Call
14th March 2008 00:00 AM |
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| Net income dropped 4% to $108.1 million or $1.61 a share, from $113.1 million or $1.45 a share with EPS improvement due to lower outstanding shares. |
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| The hardware firm reported a 3% rise in sales to $1.6 billion, rebounding quickly from the decline in late 2006. The firm continued to benefit from a well balanced business model to impress sales and margin growth outside the US. The firm generated $137 million of free cash flow getting the year off to an outstanding start and repurchased over 1 million shares of stock while maintaining a strong balance and preserving flexibility for the future. |
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Black & Decker Fourth Quarter Earnings Call
29th January 2008 00:00 AM |
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| Earnings rose 96% to $187 million or $2.94 a share, from $96 million or $1.38 a share in 2006 on strong results from international and tax benefits. |
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| The manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems realised a 3% increase in revenue from $1.6 billion in the prior year to $1.7 billion, though organic volume was flat and price was negative. The firm repurchased 5.4 million shares of its stock in 2007 as well as an additional 2.0 million shares in early 2008. |
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Black & Decker Third Quarter Earnings Call
7th December 2007 00:00 AM |
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| The net income dropped to $104.6 million from $125.1 million in prior year, due to commodity inflation and 3% fall in the sales of power tools. |
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| The maker of power tools and home improvement equipment reported revenue of $1.6 billion, up 1% from last year, as the outstanding international sales growth mitigated weakness related to the US housing industry. The company generated $113 million of free cash flow in the third quarter and used its cash to repurchase 4.3 million shares during the quarter. Black & Decker expects diluted EPS in the range of $1.55 to $1.65 for the fourth quarter and $6.50 to $6.60 for the full year. |
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