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Blount International Inc (BLT) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Blount International Inc

CIK: 1001606 Ticker: BLT


Exhibit 99.1


Blount Announces Preliminary Fourth Quarter and Full Year 2015 Results
Fourth quarter 2015 sales of $201 million
Full year 2015 sales were $829 million and Adjusted EBITDA was $101 million
Full year 2015 free cash flow was $33.7 million, net of $3.0 million of transaction-related costs


PORTLAND, OR - March 2, 2016: Blount International, Inc. [NYSE: BLT] (“Blount” or “Company”) today announced preliminary results for the
fourth quarter and full year ended December 31, 2015.

Preliminary Results for the Quarter and Full Year Ended December 31, 2015
Sales in the fourth quarter were $200.7 million, a decrease of $31.5 million or 13.6 percent compared to the fourth quarter of 2014. Operating loss for the fourth quarter of 2015 was $24.4 million compared to $2.5 million in the same quarter last year. Consolidated Adjusted EBITDA for the fourth quarter of 2015 was $21.3 million compared to $30.5 million in the fourth quarter of 2014.

Sales for the full year were $828.6 million, a decrease of 12.3 percent compared to full year 2014. Operating loss for 2015 was $46.8 million compared to operating income of $64.2 million for full year 2014. Adjusted EBITDA for full year 2015 was $100.8 million, a decrease $37.2 million compared to full year 2014.

Blount operates primarily in two business segments - the Forestry, Lawn, and Garden (“FLAG”) segment and the Farm, Ranch, and Agriculture (“FRAG”) segment. The Company reports separate results for the FLAG and FRAG segments. Blount’s Concrete Cutting and Finishing (“CCF”) business is included in “Corporate and Other.”

Forestry, Lawn, and Garden
The FLAG segment had fourth quarter 2015 sales of $138.2 million, which was $22.2 million, or 13.8 percent, lower than the fourth quarter of 2014, primarily as the result of reduced unit volume and the effects of foreign currency exchange rate changes. Segment sales volumes were unfavorably impacted by pressure from continued U.S. Dollar strength. The change in segment sales for the comparable fourth quarter periods is illustrated below.




The following information was filed by Blount International Inc (BLT) on Wednesday, March 2, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Schedule Of Valuation And Qualifying Accounts (details)
Supplementary Data Statement
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity (deficit)
Consolidated Statements Of Changes In Stockholders' Equity (deficit) (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Accrued Expenses
Accrued Expenses (details)
Accrued Expenses (tables)
Accumulated Other Comprehensive Loss (details 1)
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (notes)
Accumulated Other Comprehensive Loss (tables)
Acquisitions
Acquisitions (details Textual)
Business And Summary Of Significant Accounting Policies
Business And Summary Of Significant Accounting Policies (details)
Business And Summary Of Significant Accounting Policies (policies)
Business And Summary Of Significant Accounting Policies (tables)
Business And Summary Of Significant Accounting Policies - Summary Of Estimated Useful Lives Of Property, Plant, And Equipment (details)
Commitments (details 1)
Commitments (details 2)
Commitments (details 3)
Commitments (details Textual)
Commitments (details)
Commitments (tables)
Common Stock
Common Stock (details)
Common Stock (tables)
Common Stock Common Stock (details Textual)
Concentration Of Credit Risk And Fair Value Of Financial Instruments
Concentration Of Credit Risk And Fair Value Of Financial Instruments (details 2)
Concentration Of Credit Risk And Fair Value Of Financial Instruments (details Textual)
Concentration Of Credit Risk And Fair Value Of Financial Instruments (details)
Concentration Of Credit Risk And Fair Value Of Financial Instruments (tables)
Contingent Liabilities
Contingent Liabilities (details Textual)
Debt
Debt (details 1)
Debt (details Textual)
Debt (details)
Debt (tables)
Debt Debt (details 2)
Deferred Financing Costs
Deferred Financing Costs (details 1)
Deferred Financing Costs (details)
Deferred Financing Costs (tables)
Facility Closure And Restructuring Costs
Facility Closure And Restructuring Costs (details)
Immaterial Revision To Previously Reported Amounts
Immaterial Revision To Previously Reported Amounts (details)
Immaterial Revision To Previously Reported Amounts (tables)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details 4)
Income Taxes (details 5)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (tables)
Intangible Assets
Intangible Assets (details 1)
Intangible Assets (details 2)
Intangible Assets (details 3)
Intangible Assets (details 4)
Intangible Assets (details Textual)
Intangible Assets (details)
Intangible Assets (tables)
Inventories
Inventories (details)
Inventories (tables)
Merger Agreement
Merger Agreement (details)
Other Post-employment Benefit Plans
Other Post-employment Benefit Plans (details 1)
Other Post-employment Benefit Plans (details 2)
Other Post-employment Benefit Plans (details 3)
Other Post-employment Benefit Plans (details Textual)
Other Post-employment Benefit Plans (details)
Other Post-employment Benefit Plans (tables)
Property Plant And Equipment Net (tables)
Property, Plant, And Equipment, Net
Property, Plant, And Equipment, Net (details)
Retirement Plans
Retirement Plans (details 1)
Retirement Plans (details 2)
Retirement Plans (details 3)
Retirement Plans (details 4)
Retirement Plans (details 5)
Retirement Plans (details 6)
Retirement Plans (details 7)
Retirement Plans (details Textual)
Retirement Plans (details)
Retirement Plans (tables)
Segment Information
Segment Information (details 1)
Segment Information (details 2)
Segment Information (details Textual)
Segment Information (details)
Segment Information (tables)
Stock-based Compensation
Stock-based Compensation (details 1)
Stock-based Compensation (details 2)
Stock-based Compensation (details Textual)
Stock-based Compensation (details)
Stock-based Compensation (tables)
Stock-based Compensation - Summary Of Stock Option And Stock-settled Sars Activity (details)
Stock-based Compensation -summary Of Rsus Activity (details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Ticker: BLT
CIK: 1001606
Form Type: 10-K Annual Report
Accession Number: 0001001606-16-000080
Submitted to the SEC: Tue Mar 15 2016 5:09:37 PM EST
Accepted by the SEC: Tue Mar 15 2016
Period: Thursday, December 31, 2015
Industry: Cutlery Handtools And General Hardware

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