Black & Decker Corp.: The Towson, Md.,...
- Share via
From Times Staff and Wire Reports
Black & Decker Corp.: The Towson, Md., maker of power tools said earnings for fiscal year 1989 totaled $30 million, down 69% from the $97-million profit of a year ago. Sales rose 40% to $3.2 billion, primarily because of the company’s acquisition of Emhart Corp. Excluding Emhart, sales increased 11%. The company said the lower earnings reflected higher interest expense and other effects of the acquisition.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
