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Last $6.71 USD
Change Today +0.19 / 2.91%
Volume 282.2K
BLT On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

blount international inc (BLT) Snapshot

Open
$6.51
Previous Close
$6.52
Day High
$6.79
Day Low
$6.51
52 Week High
12/30/14 - $17.97
52 Week Low
08/26/15 - $6.18
Market Cap
323.8M
Average Volume 10 Days
306.3K
EPS TTM
$0.94
Shares Outstanding
48.3M
EX-Date
--
P/E TM
7.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for BLOUNT INTERNATIONAL INC (BLT)

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blount international inc (BLT) Details

Blount International, Inc., together with its subsidiaries, designs, manufactures, and markets equipment, replacement and component parts, and accessories to forestry, lawn and garden, farm, ranch, agriculture, and construction sectors primarily in the United States and Europe. It operates through Forestry, Lawn, and Garden; and Farm, Ranch, and Agriculture segments. The company offers forestry products, including cutting chain, chain saw guide bars, and cutting chain drive sprockets used on portable gasoline and electric chain saws, and on mechanical timber harvesting equipment; and purchases and markets chain saw engine replacement parts, safety equipment and clothing, lubricants, maintenance tools, hand tools, and other accessories, as well as markets a line of battery powered electric chain saws. The company also offers lawn and garden products comprising lawnmower and edger cutting blades for machines and cutting conditions; and purchases and markets cutting line for line trimmers, air filters, spark plugs, lubricants, wheels, belts, grass bags, maintenance tools, hand tools, and accessories, as well as markets a line of cordless electric tools. In addition, it provides attachments for tractors in various applications; log splitters, post-hole diggers, self-propelled lawnmowers, snow blowers, and attachments for off-highway construction equipment applications; original equipment manufacturer and aftermarket parts comprising attachment cutting blade component parts for inclusion in original equipment, and as replacement parts, as well as sells tractor linkage, electrical, and engine and hydraulic replacement parts and accessories. Additionally, it provides concrete cutting and finishing products, such as diamond-segmented chain used on gasoline and hydraulic powered concrete saws and equipment; and distributes gasoline and hydraulic powered concrete cutting chain saws. The company was founded in 1946 and is headquartered in Portland, Oregon.

4,400 Employees
Last Reported Date: 03/16/15
Founded in 1946

blount international inc (BLT) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $565.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $385.0K
President of FRAG
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

blount international inc (BLT) Key Developments

Blount International Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Blount International Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of $212,715,000 against $235,423,000 a year ago. Operating loss was $47,333,000 against operating income of $22,351,000 a year ago. Loss before income taxes was $54,454,000 against income before income taxes of $18,131,000 a year ago. Net loss $49,542,000 against net income of $12,290,000 a year ago. The net loss reflects a preliminary non-cash impairment charge for certain intangible assets and related estimated income tax impact. Basic and diluted loss per share was $1.02 against basic and diluted earnings per share of $0.25 a year ago. Net cash provided by operating activities was $21,756,000 against $29,011,000 a year ago. Net purchases of property, plant, and equipment was $9,690,000 against $9,263,000 a year ago. Adjusted EBITDA was $26.9 million compared to $34.8 million in the second quarter of 2014. The company generated positive free cash flow of $12.1 million compared to $19.7 million in the second quarter of 2014. The decrease in free cash flow in the second quarter of 2015 compared to last year was driven mostly by an increased use of cash for working capital. For the six months, the company reported sales of $418,705,000 against $467,382,000 a year ago. Operating loss was $36,501,000 against operating income of $43,139,000 a year ago. Loss before income taxes was $41,029,000 against income before income taxes of $34,433,000 a year ago. Net loss $40,500,000 against net income of $22,876,000 a year ago. Basic and diluted loss per share was $0.83 against basic and diluted earnings per share of $0.46 a year ago. Net cash provided by operating activities was $10,398,000 against $28,737,000 a year ago. Net purchases of property, plant, and equipment was $18,605,000 against $14,732,000 a year ago. As of June 30, 2015, the company had net debt of $395.2 million, an increase of $38.2 million from December 31, 2014 and a decrease from March 31, 2015 of $2.6 million. The decrease in net debt since March 31, 2015 was primarily the result of positive free cash flow, partially offset by $4.4 million of share repurchases and $5.2 million of cash costs to refinance the Senior Credit Facility. Negative free cash flow was $8,207 million compared to free cash flow of $14,005 a year ago. Adjusted EBITDA was $49,703,000 against $69,320,000 a year ago. As a result of the continued currency headwind and soft market conditions, the company has revised its estimate for fiscal year 2015 sales and Adjusted EBITDA. The company expects sales to range between $840 million and $880 million, operating income to range between $55 million to $70 million, excluding asset impairments, and adjusted EBITDA to range between $105 million and $120 million. The company's outlook for sales assumes FLAG segment sales decline 8% to 12% and FRAG segment sales decline between 5% and 10%, both compared to 2014 levels. In the 2015 guidance, steel material costs are expected to decrease by $1 million to $2 million compared to 2014. At recent U.S. Dollar currency trading levels, the impact of translating foreign operation to U.S. Dollars is expected to be approximately neutral to operating income and Adjusted EBITDA. Free cash flow in 2015 is expected to range between $30 million and $40 million, after approximately $30 million to $40 million of capital expenditures.

Blount International Inc. Appoints Max L. Lukens as Director

Blount International Inc. announced that its Board of Directors has elected Max L. Lukens as a Director, effective July 31, 2015. Mr. Lukens served as President and Chief Executive Officer of Stewart & Stevenson Services Inc.

Blount International Inc. to Report Q2, 2015 Results on Aug 05, 2015

Blount International Inc. announced that they will report Q2, 2015 results at 8:00 AM, Eastern Daylight on Aug 05, 2015

 

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BLT

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Valuation BLT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 3.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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