Blount International Inc. (BLT, Financial) filed Annual Report for the period ended 2010-12-31.
Blount International Inc has a market cap of $761.8 million; its shares were traded at around $15.83 with a P/E ratio of 18.2 and P/S ratio of 1.6.
Our sales order backlog was $133.7 million, $78.1 million, and $98.9 million as of December 31, 2010, 2009, and 2008, respectively. The total backlog as of December 31, 2010 is expected to be completed and shipped within twelve months. Backlog amounts related to our discontinued operations are excluded from all periods presented. Backlog as of December 31, 2010 includes $6.7 million related to SpeeCo.
On an ongoing basis, we incur capital and operating costs to comply with environmental laws and regulations. In 2010, we expensed approximately $2.4 million directly related to environmental compliance, including approximately $0.2 million in capital expenditures. We expect to spend approximately $2.0 million to $2.5 million per year in capital and operating costs over the next three years for environmental compliance and anticipate continued spending at a similar level in subsequent years. The actual cost to comply with environmental laws and regulations may be greater than these estimated amounts.
As of December 31, 2010, we have $538.5 million of total liabilities, including $350.0 million of total debt. Our debt leverage is significant, and may have important consequences for us, including the following:
In 2010, $73.4 million (12.0%) of our sales were to one customer (Husqvarna AB) and our top five customers accounted for $138.0 million (22.6%) of our total sales. Aside from our top customer, no other customer individually accounted for more than 3.4% of our total sales. While we expect these business relationships to continue, the loss of any of these customers, or a substantial portion of their business, would most likely significantly decrease our sales, operating income, and cash flows.
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Blount International Inc has a market cap of $761.8 million; its shares were traded at around $15.83 with a P/E ratio of 18.2 and P/S ratio of 1.6.
Highlight of Business Operations:
At June 30, 2010, the aggregate market value of the voting and non-voting common stock held by non-affiliates, computed by reference to the last sales price ($10.27) as reported by the New York Stock Exchange, was $309,211,758 (affiliates being, for these purposes only, directors, executive officers, and holders of more than 10% of the registrants Common Stock).Our sales order backlog was $133.7 million, $78.1 million, and $98.9 million as of December 31, 2010, 2009, and 2008, respectively. The total backlog as of December 31, 2010 is expected to be completed and shipped within twelve months. Backlog amounts related to our discontinued operations are excluded from all periods presented. Backlog as of December 31, 2010 includes $6.7 million related to SpeeCo.
On an ongoing basis, we incur capital and operating costs to comply with environmental laws and regulations. In 2010, we expensed approximately $2.4 million directly related to environmental compliance, including approximately $0.2 million in capital expenditures. We expect to spend approximately $2.0 million to $2.5 million per year in capital and operating costs over the next three years for environmental compliance and anticipate continued spending at a similar level in subsequent years. The actual cost to comply with environmental laws and regulations may be greater than these estimated amounts.
As of December 31, 2010, we have $538.5 million of total liabilities, including $350.0 million of total debt. Our debt leverage is significant, and may have important consequences for us, including the following:
In 2010, $73.4 million (12.0%) of our sales were to one customer (Husqvarna AB) and our top five customers accounted for $138.0 million (22.6%) of our total sales. Aside from our top customer, no other customer individually accounted for more than 3.4% of our total sales. While we expect these business relationships to continue, the loss of any of these customers, or a substantial portion of their business, would most likely significantly decrease our sales, operating income, and cash flows.
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