Blount International, Inc. (BLT) reported third quarter net income of $11.3 million or $0.23 per share, down from $14.8 million or $0.31 per share in the same quarter a year-ago.
On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share. Analysts' estimates typically exclude special items.
Quarterly sales declined to $130.4 million from $175.0 million in the corresponding quarter last year. On average, three analysts had consensus revenue estimate of $132.51 million for the quarter.
Looking ahead, the company tightens its full year 2009 sales outlook to a range of $480 million - $490 million from its prior guidance of $470 million - $490 million. Analysts estimate full-year 2009 revenues of $483.78 million.
The company now expects full year 2009 operating income to range between $57 million and $60 million, compared to a prior outlook of $55 million-$60 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.