Blount International (Blount International) Operating Income : $-46.8 Mil (TTM As of Dec. 2015)

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What is Blount International Operating Income?

Blount International's Operating Income for the three months ended in Dec. 2015 was $-24.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2015 was $-46.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Blount International's Operating Income for the three months ended in Dec. 2015 was $-24.4 Mil. Blount International's Revenue for the three months ended in Dec. 2015 was $200.7 Mil. Therefore, Blount International's Operating Margin % for the quarter that ended in Dec. 2015 was -12.16%.

Blount International's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Blount International's annualized ROC % for the quarter that ended in Dec. 2015 was -13.94%. Blount International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was -24.12%.

Blount International Operating Income Historical Data

The historical data trend for Blount International's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blount International Operating Income Chart

Blount International Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Operating Income

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97.95

79.28

37.52

64.23

-46.77

Blount International Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Operating Income	Get a 7-Day Free Trial															-2.45	10.83	-47.33	14.14	-24.41

Blount International Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-46.8 Mil.

Blount International (NYSE:BLT) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Blount International's annualized ROC % for the quarter that ended in Dec. 2015 is calculated as:

	ROC % (Q: Dec. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2015 )	+	Invested Capital (Q: Dec. 2015 ))	/ count )
=	-97.628 * ( 1 - 18.61% )	/	( (586.615	+	553.783)	/ 2 )
=	-79.4594292	/	570.199
=	-13.94 %

where

	Invested Capital		(Q: Sep. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	731.385	-	119.667	-	( 25.103	-	max(0, 135.155	-	364.206	+	25.103	))
=	586.615

	Invested Capital		(Q: Dec. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	693.126	-	113.394	-	( 25.949	-	max(0, 129.132	-	339.371	+	25.949	))
=	553.783

Note: The Operating Income data used here is four times the quarterly (Dec. 2015) data.

2. Joel Greenblatt's definition of Return on Capital:

Blount International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2015		Q: Dec. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-93.136	/	( ( (173.526 + max(219.436, 0))	+	(179.192 + max(200.021, 0)) )	/	2 )
=	-93.136	/	( ( 392.962	+	379.213 )	/	2 )
=	-93.136	/	386.0875
=	-24.12 %

where Working Capital is:

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(107.007	+	183.671	+	48.425)	-	(119.667	+	0	+	0)
=	219.436

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(105.159	+	169.559	+	38.704)	-	(113.394	+	0.007	+	0)
=	200.021

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2015) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Blount International's Operating Margin % for the quarter that ended in Dec. 2015 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2015 )	/	Revenue (Q: Dec. 2015 )
	=	-24.407	/	200.693
	=	-12.16 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Blount International Operating Income Related Terms

Thank you for viewing the detailed overview of Blount International's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Blount International (Blount International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Blount International Inc (NYSE:BLT) » Definitions » Operating Income

Traded in Other Exchanges

N/A

Address

Website

http://www.blount.com

Blount International Inc is a global industrial company. The Company designs, manufactures, and markets equipment, replacement and component parts, and accessories for professionals and consumers in select end-markets under its proprietary brand names. It also manufactures and markets such items to original equipment manufacturers ("OEMs") under private label brand names. The Company specializes in manufacturing cutting parts and equipment used in forestry, lawn, and garden; farming, ranching, and agricultural; and construction applications. It also purchases products manufactured by other suppliers that are aligned with the markets it serves and market them, typically under one of its brands, through its global sales and distribution network. Its products are sold in more than 110 countries and approximately 54% of its 2013 sales were shipped to customers outside of the United States of America ("U.S."). The Company operates in two primary business segments: the Forestry, Lawn, and Garden ("FLAG") segment and the Farm Ranch and Agriculture ("FRAG") segment. The FLAG segment manufactures and markets cutting chain, guide bars, and drive sprockets for chain saw use, and lawnmower and edger blades for outdoor power equipment. The FLAG segment also purchases replacement parts and accessories from other manufacturers and markets them, primarily under its brands, to its FLAG customers through its global sales and distribution network. The FLAG segment currently includes the operations of the Company that have historically served the forestry, lawn, and garden markets, as well as KOX GmbH and related companies (collectively "KOX"), and a portion of Finalame SA, which includes PBL SA and related companies (collectively "PBL"). The Company's FRAG segment designs, manufactures, assembles and markets attachments and implements for tractors in a variety of mowing, cutting, clearing, material handling, landscaping and grounds maintenance applications, as well as log splitters, post-hole diggers, self-propelled lawnmowers, attachments for off-highway construction equipment applications, and other general purpose tractor attachments. In addition, the FRAG segment manufactures a variety of attachment cutting blade parts. The FRAG segment also purchases replacement parts and accessories from other manufacturers that it markets to its FRAG customers through its sales and distribution network. The FRAG segment currently includes the operations of SP Companies, Inc. and SpeeCo, Inc. (collectively "SpeeCo"), GenWoods HoldCo, LLC and its wholly-owned subsidiary, Woods Equipment Company (collectively "Woods/TISCO"), and a portion of PBL. The Company also operates a concrete cutting and finishing equipment business that is reported within the Corporate and Other category. This business manufactures and markets diamond cutting chain and assembles and markets concrete cutting chain saws for the construction and utility markets.

Executives

Andrew C Clarke	director	430 AIRPORT ROAD, GREENVILLIE TN 37745
Nelda J Connors	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Max L Lukens	director	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Ronald Cami	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Harold E Layman	director	C/O GRAFTECH INTERNATIONAL LTD., 12900 SNOW ROAD, PARMA OH 44130
R Eugene Cartledge	director	C/O GRAFTECH INTERNATIONAL LTD., 12900 SNOW ROAD, PARMA OH 44130
Robert D Kennedy	director
Lehman Brothers Holdings Inc	10 percent owner	1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Eliot M Fried	director	37 WEST 12TH STREET APT 11G, NEW YORK NY 10011
William A Shutzer	director	C/O TIFFANY & CO LEGAL DEPT, 727 FIFTH AVE, NEW YORK NY 10022