Key Developments: Blount International Inc (BLT)
14.18USD
21 May 2013
$0.02 (+0.14%)
$14.07
$14.20
$14.27
$14.10
115,272
326,422
$17.49
$12.46
Latest Key Developments (Source: Significant Developments)
Blount International Inc Reaffirms FY 2013 Guidance
Blount International Inc announced that fiscal 2013 outlook remains unchanged and expects sales to range between $930 million and $980 million, and operating income to range between $88 million and $98 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $958 million for fiscal 2013. Full Article
Blount International Inc Issues FY 2013 Guidance Below Analysts' Estimates
Blount International Inc announced that for fiscal 2013, it expects sales to range between $930 million and $980 million, and operating income to range between $88 million and $98 million. The fiscal 2013 operating income outlook includes non-cash charges of approximately $14 million related to acquisition accounting. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $993 million and operating profit of $114 million for fiscal 2013. Full Article
Blount International Inc Raises Low End Of Prior FY 2012 Revenue Guidance To A Range Above With Analysts' Estimates; Narrows FY 2012 EBIT Guidance To A Range In Line With Analysts' Estimates
Blount International Inc announced that as a result of continued soft market conditions, fueled primarily by economic uncertainty in Europe and drought conditions in North America, the Company continues to expect sales of $920-$940 million for fiscal 2012. For fiscal 2012, it expects operating income to range between $80- $85 million. The fiscal 2012 operating income also includes estimated non-cash charges as a result of acquisition accounting of approximately $16 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $918 million and EBIT of $85 million for fiscal 2012. Full Article
Blount International, Inc. Lowers FY 2012 Guidance
Blount International, Inc. announced that it has reduced its sales outlook for fiscal 2012 and now expects sales to be between $900-$940 million and operating income is expected to be between $77.5-$87.5 million. The outlook for fiscal 2012 operating income also includes estimated non cash charges as a result of acquisition accounting of approximately $16 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.000 billion and operating profit of $110 million for fiscal 2012. Full Article
Blount International, Inc. Lowers FY 2012 Guidance
Blount International, Inc. announced that for fiscal 2012, it expects sales to be between $1.015-$1.045 billion and operating income to be between $112-$120 million. The expectation for fiscal 2012 assumes that unfavorable foreign currency exchange rates will reduce operating income on a year-over-year basis by between zero and $1.0 million and increased steel prices will further reduce year-over-year operating income between $2.0-$3.0 million. The outlook for fiscal 2012 operating income also includes estimated non-cash charges as a result of acquisition accounting of approximately $16 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.028 billion and operating profit of $135 million for fiscal 2012. Full Article
Blount International, Inc. Issues FY 2012 Mixed Guidance
Blount International, Inc. announced that for fiscal 2012, it expects sales to range between $1.020-$1.060 billion and operating income to range between $120-$133 million. The expectation assumes that unfavorable foreign currency exchange rates will reduce operating income on a year-over-year basis by between $1.0-$2.0 million and rising steel prices will further reduce year-over-year operating income between $2.0-$3.0 million. The outlook for fiscal 2012 operating income also includes estimated non-cash charges as a result of acquisition accounting of approximately $17 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.0 billion and operating profit of $140 million for fiscal 2012. Full Article
Blount International, Inc. Raises FY 2011 Revenue Guidance; Lowers FY 2011 Operating Profit Guidance; Issues FY 2011 EBITDA Guidance Above Analysts' Estimates
Blount International, Inc. announced that for fiscal 2011, on an actual or as reported basis, it expects revenue to be in the range of $825-$835 million and operating income to range between $100-$103 million. For fiscal 2011 on a pro forma basis to incorporate all businesses acquired, the Company expect $975 million of sales and $172 million of Adjusted EBITDA. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $919 million and operating profit of $127 million and EBITDA of $164 million for fiscal 2011. Full Article
Genstar Capital Announces Completion of Woods Equipment Company Sale to Blount International, Inc. for $185 Million
Genstar Capital, LLC, announced that it has completed the sale of its portfolio company Woods Equipment Company to Blount International, Inc. for approximately $185 million . Full Article
Blount International, Inc. Closes Acquisition Of Woods Equipment Company
Blount International, Inc. announced that it has closed its acquisition of GenWoods HoldCo, LLC (Woods Holdings) and its wholly owned subsidiary, Woods Equipment Company (Woods), a manufacturer and marketer of equipment and replacement parts primarily for the agriculture end market. Blount previously announced the signing of the Merger Agreement for this acquisition on August 17, 2011. Full Article
Blount International, Inc. Announces Acquisition Of Woods Equipment Company
Blount International, Inc. announced the execution of a definitive agreement to acquire GenWoods HoldCo, LLC (Woods Holdings) and its wholly owned subsidiary, Woods Equipment Company (Woods), a manufacturer and marketer of equipment and replacement parts primarily for the agriculture end market. Woods is based in Oregon, Illinois. The acquisition will be structured as a merger. Pursuant to the terms of the merger agreement, a newly formed subsidiary of Blount will merge with and into Woods Holdings and pay aggregate merger consideration of approximately $185 million in cash. The merger consideration will be financed with cash-on-hand and borrowings under its revolving credit facility. Pending regulatory clearance, the transaction is expected to close by the end of Q3 2011. Following the consummation of the transaction, Jerry Johnson, President of Woods' Attachment business unit; Bill Stuckert, President of Woods' Aftermarket Parts business unit; and Mark Miller, Chief Financial Officer of Woods, will report to Paul Valas, President of Blount's Farm, Ranch, and Agriculture division. Full Article
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