FTC amends energy labeling guidelines
The Federal Trade Commission has announced new requirements for manufacturers of dishwashers, refrigerators, washers and dryers, as well as other appliances, to label goods with clear details on how much it will cost to operate their products.
The commission’s new yellow “EnergyGuide” label will display yearly energy costs as a way of comparing the total cost of operating the appliance. This information was included on older EnergyGuide labels but will be more prominently displayed on the new label.
The new EnergyGuide label has a streamlined look and will display estimated yearly operating costs prominently for most appliance types, the commission said.
The goal is “to provide consumers with a clear context to compare the energy efficiency of different appliance models. It also will help consumers assess trade-offs between the energy costs of their appliances and other expenditures.”
Like the old labels, the EnergyGuide label will continue to display energy consumption information, such as annual electricity use, the commission said.
Black & Decker second-quarter earnings down
Tool giant Black & Decker recorded second-quarter net earnings of $118 million, down 22.4 percent from $152.2 million in the same period last year. The earnings were at the high end of the company’s corporate guidance, according to a statement.
Sales were flat compared with last year at $1.7 billion.
“Black & Decker met our earnings expectations in the second quarter despite persistent challenges in the U.S. residential construction sector,” said Nolan Archibald, chairman and CEO. “Our international divisions…continued to deliver outstanding results, partially offsetting the domestic headwinds.”
Archibald said sales from the company’s power tools and accessories segment decreased 2 percent, while the company’s Price Pfister faucet business gained market share and grew sales at a double-digit rate.
“The Asian business and European industrial division continued to grow,” he added.
Archibald said the company predicts a continued weak housing industry “and significant commodity inflation [that] will continue to adversely affect our earnings comparisons.”
Litigation session scheduled for ProDealer Conference
Sam McDermott, a partner with Wood, Smith, Henning & Berman, will conduct a roundtable discussion on litigation risks at the 11th annual ProDealer Conference. His session is scheduled for Sept. 20.
McDermott specializes in defending LBM dealers, builders and contractors in mold-related claims, construction defect lawsuits and other liability issues. His presentation will address risk management items as well as insurance issues and how to respond to a lawsuit.
The ProDealer Conference, sponsored by Home Channel News, is scheduled for Sept. 19 to 21 at Loews Coronado Bay Hotel in San Diego. Networking events will include a night at the Padres game and a City of Hope golf tournament. For more information, visit www.prodealer.com.