Blount International Earnings: Here’s Why the Stock is Falling Now

Blount International Inc. (NYSE:BLT) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 14%.

Blount International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 38.71% to $0.19 in the quarter versus EPS of $0.31 in the year-earlier quarter.

Revenue: Decreased 7.81% to $220.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Blount International Inc. reported adjusted EPS income of $0.19 per share. By that measure, the company missed the mean analyst estimate of $0.24. It missed the average revenue estimate of $240.3 million.

Quoting Management: “In the second quarter, we continued to be challenged by difficult economic conditions, as all of our major markets were soft compared to last year,” stated Josh Collins, Blount’s Chairman and CEO. “However, during the quarter, we improved free cash flow and reduced net debt and working capital by actively managing our balance sheet and expenses.”

Key Stats (on next page)…

Revenue decreased 5.25% from $232.62 million in the previous quarter. EPS were the same at $0.19 as the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.28 to a profit $0.26. For the current year, the average estimate has moved down from a profit of $1.03 to a profit of $0.96 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]