Black & Decker ( BDK) missed second-quarter targets Wednesday, citing soft orders and rising commodity prices. The company also guided its third quarter below expectations.The Towson, Md., toolmaker made $152 million, or $1.98 a share, for the quarter ended July 2, up from the year-ago $151 million, or $1.84 a share. Sales were flat at $1.7 billion. Analysts surveyed by Thomson Financial were looking for a $1.99-a-share profit on sales of $1.75 billion. "Sales in the Power Tools and Accessories segment increased 1% for the quarter. The U.S. Industrial Products Group increased sales at a low single-digit rate, following double-digit growth rates in the second quarter of 2004 and 2005, led by orders for Dewalt's new 36-volt line of lithium-ion tools," CEO Nolan Archibald said. "Sales in the U.S. Consumer Products Group decreased at a mid single-digit rate," Archibald said. "This group benefited from sales of the acquired Vector business, but was negatively affected by lower pressure washer sales and the impact of inventory reductions at some retailers. "Sales in the Hardware and Home Improvement segment decreased 6% for the quarter. In the lockset business, sales decreased at a low single-digit rate, as strong sell-through at key retailers was not accompanied by an increase in orders. "The Price Pfister faucet business had a double-digit sales decline against the outstanding second quarter of 2005, which included significant orders for new listings at a key retailer. Despite significant raw material inflation, operating margin improved to 15.8% in this segment due to non-recurring expenses in the prior year and cost savings from manufacturing rationalization." The company said it plans price increases later this year but forecast third-quarter earnings of $1.70 to $1.75 a share, short of the $1.91 Thomson Financial consensus estimate. Black & Decker expects to make $7.20 to $7.30 for the year, shy of the $7.43 target.