Blount Announces Third Quarter 2014 Results

Blount International, Inc. announced its results for the third quarter ended Sept. 30, 2014. Third quarter sales were $245.2 million, an increase of 6.3% over 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, compared to $7.7 million in the third quarter of 2013.

The Farm, Ranch, and Agriculture segment reported third quarter 2014 sales of $78.6 million, an increase of $4.3 million from the third quarter of 2013, mainly due to improved sales volumes and stronger average pricing. Sales volumes increased primarily as a result of continued strong sales of log splitters compared to the prior year.

The Forestry, Lawn, and Garden segment had third quarter 2014 sales $9.6 million higher than the third quarter of 2013. Sales volume increases were partially offset by a reduction in average prices.

Woods Equipment, Association member since 2007; woodsequipment.com.  S