Thursday, Blount International Inc.(BLT), an outdoor products company, provided revised sales and operating income outlook for fiscal year 2009.
Portland,Oregon-based Blount currently expects full year sales to be approximately $502 million, up from the previous range of $480 million and $490 million.
Operating income is expected to range between $54 million and $56 million from the earlier range of $57 million and $60 million. The revised operating income range includes approximately $8.6 million in incremental non-recurring expenses related to settlement of a certain litigation matter on December 31, 2009, fees associated with Blount's December refinancing activities and costs associated with the transition of its chief executive officer.
The company had debt outstanding of $286 million and cash on hand of approximately $55 million at December 31, 2009.
Josh Collins, chief executive officer said,"The year finished solidly for the Company, as we recorded year-over-year sales growth of approximately 6% in the fourth quarter when several geographical markets continued to recover from the weakness experienced earlier in 2009. Equally encouraging is the Company's continued ability to generate cash, as evidenced by a $24 million reduction in debt achieved during the fourth quarter."
BLT closed Thursday's regular trading session at $10.48, up $0.20 or 1.95% on a volume of 0.11 million shares and in the after hour the stock further rose 4.48% or $0.47, trading at $10.95 on the NYSE.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.