Blount International (BLT) Tops Q3 EPS by 5c
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Blount Announces Third Quarter 2015 Results
November 9, 2015 6:00 AM ESTThird quarter 2015 sales of $209 million, down 15 percent compared to prior yearNet debt down $28 million on positive free cash flow generationAdjusted EBITDA of $30 million increased sequentially by 11 percent, down 22 percent versus prior yearAdditional actions taken in third quarter to align production rates and spending with updated 2015 outlookContinued headwind from strong U.S. Dollar, global economic conditions, and cyclical downturn in agricultural marketsFull year 2015 outlook of $820 million to $840 million of sales and $100 million to $105 million of Adjusted EBITDAÂ
PORTLAND, Ore., Nov. 09, 2015 (GLOBE NEWSWIRE) -- Blount International, Inc. (NYSE:... More
