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.
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.