The Portland-based manufacturer of outdoor equipment released its earnings last week. It earned $8.8 million, or 18 cents per diluted share in the quarter ended March 31, compared to $1.0 million, or 2 cents per diluted share, in the same period last year.
Analysts surveyed by Thomson Financial had expected the company to earn 14 cents a share.
Sales were $136.7 million in the first quarter, a 17.3 percent increase from the first quarter of 2009.
Blount expects 2010 revenue of $550 million to $570 million, up from its earlier forecast of $530 million to $550 million in sales. The company said it has had a 33 percent increase in sales order backlog from the end of 2009.
Featured Video
Check out these informative videos from Rural Lifestyle Dealer.
Register today!
Register at the Rural Lifestyle Dealer Web site and get members- only access to the latest and greatest information in the Rural Lifestyle marketplace. Don't miss out; register today!
Blount Earnings, Annual Forecast on the Rise
By Ted Sickinger, The Oregonian
PORTLAND, Ore. (May 10, 2010) — Blount International Inc. beat Wall Street's earnings expectations in the first quarter and boosted its financial forecast for the year to reflect an ongoing recovery in orders.
Posted May 11, 2010
COMMENTS: 0
