Quarterly Report from Blount

Blount International, Inc., has released numbers for its quarter ending June 30.

Sales in the second quarter were $212.7 million, a decrease of $22.7 million, or 9.6%, compared to 2014. Operating loss for the quarter was $47.3 million, including a $62 million non-cash impairment charge, compared to operating income of $22.4 million in the same quarter last year.

In the Farm, Ranch, and Agriculture segment, sales fell by $9.8 million to $57.6 million compared to last year.

The report said the reduction in sales was the result of lower volumes of agriculture attachments and agriculture cutting blades driven by weak agriculture machinery market conditions. Also, log splitter sales were down compared to 2014.

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