Black & Decker Corp.

July 19, 1991

An article in yesterday's Business section incorrectly described the recent financial history of Towson-based Black & Decker Corp. While sales have been higher than those in comparable year-ago periods, profits have fallen and risen in the last four quarters.

The continuing worldwide slump in spending and construction drove down quarterly revenues and earnings for the Towson-based tool and appliance maker.

A company spokeswoman, Barbara Lucas, said that sales and profits have been declining for a year.

Three months ended 6/30/91

... ... ... ... ...Revenue... ... ... ... ... Net... ... ... ... . Share

'91... ... 1,106,500,000... ... ... . 7,300,000... ... ... ... ...0.11

'90... ... 1,224,600,000... ... ... ..16,300,000... ... ... ... . 0.26

% change... ... ... .. 9.6... ... ... ... . 55.2... ... ... ... ... 57.7

Six months ended 6/30/91

... ... ... ... ...Revenue... ... ... ... ... Net... ... ... ... . Share

'91... ... 2,194,000,000... ... ... .11,400,000... ... ... .. .. 0.18

'90... ... 2,228,000,000... ... ... .26,100,000... ... ... .. .. 0.43

% change... ... ... . 1.5... ... ... ... .. 56.3... ... ... ... ... 58.1

FOR THE RECORD - CORRECTION

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