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Blount International Inc (BLT) SEC Filing 10-Q Quarterly report for the period ending Tuesday, September 30, 2014

Blount International Inc

CIK: 1001606 Ticker: BLT


Exhibit 99.1

Blount Announces Third Quarter 2014 Results
Year-over-year third quarter 2014 sales increased 6% to $245 million and Adjusted EBITDA increased 9% to $38 million
Maintained full year 2014 guidance for sales and Adjusted EBITDA
Free cash flow guidance increased to $45 million

PORTLAND, OR - November 5, 2014: Blount International, Inc. [NYSE: BLT] (“Blount” or “Company”) today announced results for the
third quarter ended September 30, 2014.

Results for the Quarter Ended September 30, 2014
Sales in the third quarter were $245.2 million, an increase of $14.6 million or 6.3 percent compared to the third quarter of 2013. Operating income for the third quarter of 2014 was $23.5 million compared to $15.6 million in the same quarter last year. Third quarter net income was $16.1 million, or $0.32 per diluted share, compared to $7.7 million, or $0.15 per diluted share, in the third quarter of 2013.

“We performed well in the third quarter and demand continued to be strong across most geographic regions,” stated Josh Collins, Blount’s Chairman and CEO. “With the improved demand, our strong focus on Operational Excellence, and our other targeted cost-reduction initiatives, we expect to be toward the high end of the 2014 targets we outlined last quarter.”

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 third quarter 2014 sales of $159.1 million, which was $9.6 million higher than the third quarter of 2013. Sales volume increases were partially offset by a reduction in average prices. Third quarter 2014 sales increased in all geographic regions except Asia, with North America generating approximately seven percent growth and Europe and Russia achieving approximately 10 percent growth. Asia sales were down one percent compared to the third quarter of 2013. Lower average prices partially offset the effect of increased volumes as a result of a higher mix of sales to original equipment manufacturers and targeted price reductions in certain geographic markets. The change in segment sales for the comparable third quarter periods is illustrated below.



The following information was filed by Blount International Inc (BLT) on Wednesday, November 5, 2014 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (parenthetical) (unaudited)
Consolidated Balance Sheets (unaudited)
Consolidated Statements Of Cash Flows (unaudited)
Consolidated Statements Of Comprehensive Income (unaudited)
Consolidated Statements Of Income (unaudited)
Statement Of Changes In Stockholders' Equity (parenthetical)
Statement Of Changes In Stockholders' Equity Statement
Accumulated Other Comprehensive Loss (details 1)
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (notes)
Accumulated Other Comprehensive Loss (tables)
Acquisitions (details)
Acquisitions (notes)
Basis Of Presentation
Basis Of Presentation (details)
Basis Of Presentation (policies)
Basis Of Presentation Income Taxes (details)
Contingent Liabilities
Contingent Liabilities Contingent Liabilities (details)
Debt
Debt (details Textual)
Debt (details)
Debt (tables)
Earnings Per Share Data
Earnings Per Share Data (details)
Earnings Per Share Data (tables)
Facility Closure And Restructuring Costs
Facility Closure And Restructuring Costs (details)
Fair Value Of Financial Instruments And Concentration Of Credit Risk
Fair Value Of Financial Instruments And Concentration Of Credit Risk (details 2)
Fair Value Of Financial Instruments And Concentration Of Credit Risk (details Textual)
Fair Value Of Financial Instruments And Concentration Of Credit Risk (details)
Fair Value Of Financial Instruments And Concentration Of Credit Risk (tables)
Financial Guarantees And Commitments
Financial Guarantees And Commitments (details)
Financial Guarantees And Commitments (tables)
Intangible Assets
Intangible Assets (details 1)
Intangible Assets (details)
Intangible Assets (tables)
Intangible Assets Intangible Assets (details 2)
Intangible Assets Intangible Assets (details Textual)
Inventories
Inventories (details)
Inventories (tables)
Pension And Other Post-employment Benefit Plans
Pension And Other Post-employment Benefit Plans (details)
Pension And Other Post-employment Benefit Plans (tables)
Pension And Other Post-employment Benefit Plans Pension And Other Post-employment Benefit Plans (details Textual) (details)
Segment Information
Segment Information (details Textual)
Segment Information (details)
Segment Information (details1)
Segment Information (tables)
Share Repurchase Program (details)
Share Repurchase Program (notes)
Share Repurchase Program (tables)
Stock-based Compensation
Stock-based Compensation (details 1)
Stock-based Compensation (details Textual)
Stock-based Compensation (details)
Stock-based Compensation (tables)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Ticker: BLT
CIK: 1001606
Form Type: 10-Q Quarterly Report
Accession Number: 0001001606-14-000128
Submitted to the SEC: Thu Nov 06 2014 3:59:17 PM EST
Accepted by the SEC: Thu Nov 06 2014
Period: Tuesday, September 30, 2014
Industry: Cutlery Handtools And General Hardware

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