Centaurus Financial - we invest in your success
CuraDebit Free Debt Analysis
  Home > Fortune 500 Companies > Black & Decker Corp.

Black & Decker Corp.


Black & Decker Corp. is one of the publicly traded companies having a good stock performance result. Black & Decker Corp. is a fortune 500 stock listed company trading under BDK. 
 
S. Duncan Black and Alonzo G. Decker, founded a small machine shop in Baltimore, Maryland in 1910. They called it The Black & Decker Manufacturing Company. Their shop has grown beyond anything they could have imagined. Today, Black & Decker is a global marketer and manufacturer of quality products used in and around the home and for commercial applications. It is also a major supplier of information systems and services to government and commercial client’s world-wide with products marketed in over 100 countries and approximately half of its revenues from outside the United States, Black & Decker's product lines hold leading market share positions in their industries.

Mr. Archibald joined as President, Chief Operating Officer and Director of the company in September 1985 who was the youngest CEO of a Fortune 500 company of age 42. He was elected to the additional post of Chairman in December 1986. During his tenure as president, the Consumer Durables Group became one of the fastest growing and most profitable segments of Beatrice. Under Mr. Archibald’s leadership, Black & Decker’s sales have increased from 1.7 billion dollars to over 6.5 billion dollars in 2005.

Net earnings from continuing operations for 2005, 2003, 2002 and 2001, excluding, for 2005, a favorable insurance settlement, net of tax, and the incremental tax expense to repatriate foreign earnings under the American Jobs Creation Act, excluding, for 2003, 2002 and 2001, restructuring and exit costs, net of tax, and excluding. For 2001, goodwill amortizations were 559.4 million dollars, 309.3 million dollars, 257.7 million dollars and 196.3 million dollars respectively or 6.88 dollars, 3.96 dollars, 3.19 dollars and 2.42 dollars per share on a diluted basis respectively.

In computing these amounts, the Corporation has excluded the following amounts from net earnings from continuing operations for 2005, a favorable 35.8 million dollars , net of tax, insurance settlement and  1.2 million dollars of incremental tax expense to repatriate foreign earnings under the AJCA, for 2003, 2002 and 2001, restructuring and exit costs, net of tax, of  22.1 million dollars,  29.2 million dollars and 70.6 million dollars, respectively, and, for 2001, goodwill amortization of  24.2 million dollars.

Black & Decker's objective is to establish itself as the preeminent global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems.

The company is dedicated to providing its members with high-quality of returns.
 
 

Back to Fortune 500 Companies

 
 
Infinit-i