Historically, captains of industry may fill more high U.S. government appointed positions than folks from any other group. The founder and long-time CEO of a Portland, Oregon industrial equipment firm was once the U.S. Postmaster General.
Blount International (NYSE: BLT) manufactures equipment, accessories, and replacement parts for the global forestry, general contractor and yard care industries. The company's Industrial and Power Equipment segment makes timber harvesting and handling equipment, industrial tractors and loaders, mobile equipment rotational bearings, worm gear reducers, and swing drives. the Outdoor Products segment provides chainsaw parts, concrete-cutting equipment and lawnmower blades, as well as branded parts and accessories for the lawn and garden equipment market. Competitors include Caterpillar (NYSE: CAT) and Deere (NYSE: DE). The company was founded by former Nixon administration official, Winton Blount.
The firm pleased investors earlier in the month, when it announced Q2 EPS of 23 cents and revenues of $170.4 million. Analysts had been expecting 18 cents and $158.5 million. Management also guided FY07 revenues to $630-$655 million ($627.76M consensus). The CEO anticipated "continued good international market conditions through the second half of the year and some improvement in the North American timber harvesting market by the fourth quarter."
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