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Business Description
Black & Decker Corp. is a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems. The Company's products and services marketed in over 100 countries. The Company operates in three reportable business segments: Power Tools and Accessories, including consumer and professional power tools and accessories, electric lawn and garden tools, electric cleaning and lighting products, and product service; Hardware and Home Improvement, including security hardware and plumbing products, and Fastening and Assembly Systems.

Financial Information
BDK manufactures, markets and services power tools and accessories, residential security hardware, household appliances and metal and plastic fasteners/fastening systems for commercial applications. For the six months ended 6/30/02, revenues increased 3% to $2.08 billion. Net income increased 32% to $99.1 million. Results reflect improved retail activity and higher prices, along with lower interest costs.