Blount Q3 Profit Down - Quick Facts

(RTTNews) - Blount International, Inc. (BLT) reported a decrease in third-quarter net income, reflecting facility closure & restructuring charges of $4.5 million, compared with $0.8 million last year.

For the three-month period, the company reported net income of $7.6 million or $0.15 per share, compared with $11.6 million or $0.23 per share last year.

On average, four analysts polled by Thomson Reuters expected the company to report earnings per share of $0.19 for the quarter. Analysts' estimates typically exclude one-time items.

Sales decreased to $232.7 million, from prior year's $230.6 million. Analysts expected the company to generate revenues of $237.75 million for the quarter.

For the full-year, the company said it updated full-year guidance and now expects sales to be in the range between $905 million and $915 million. Analysts expect the company to report sales of $923.55 million for the year.