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/C O R R E C T I O N -- Blount International, Inc./.

Article Excerpt
In the news release, Blount Announces 2009 First Quarter Results, issued 01-May-2009 by Blount International, Inc. over PR Newswire, we are advised by the company that the two small tables within the text were not formatted correctly. The complete, corrected release follows:

Blount Announces 2009 First Quarter Results

- First quarter sales decreased by 12.5% from the first quarter of 2008

- Operating Income of $7.6 million in the first quarter of 2009 including a charge of $5.0 million for plant closure and restructuring

- Maturity of Revolving Credit Facility extended to August 2010

PORTLAND, Ore., May 1 /PRNewswire-FirstCall/ -- Blount International, Inc. ("Blount" or the "Company") today announced results for the first quarter ended March 31, 2009.

Results for the Quarter Ended March 31, 2009

The Company's sales in the first quarter were $116.5 million, compared to $133.2 million in 2008, a 12.5% decrease. The year-over-year decrease in sales reflects the continued effect of weak market conditions caused by the worldwide recession. Sales at the Outdoor Products segment decreased by 19.9% from last year's first quarter, excluding the sales contributed from the Carlton acquisition that occurred in May 2008. Operating income in this year's first quarter was $7.6 million compared to $16.7 million in last year's first quarter. This year's first quarter operating income includes a charge of $5.0 million related to the previously announced closure of our Milan, Tennessee facility and other employee headcount reductions. Operating income declined by approximately 28% from the first quarter of 2008, exclusive of these restructuring charges.

First quarter income from continuing operations was $1.0 million ($0.02 per diluted share) compared to $6.9 million ($0.14 per diluted share) in last year's...