Kennametal (KMT) Misses Q4 EPS by 8c

Kennametal (NYSE: KMT) reported Q4 EPS of $0.51, $0.08 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $550.23 million versus the consensus estimate of $567.84 million.

Outlook

The Company\'s expectations for the first quarter of fiscal 2024 and the full year are as follows:

Quarterly Outlook:

Sales expected to be $485 - $510 million; foreign exchange anticipated to be flat compared to the first quarter of fiscal 2023
Adjusted ETR is expected to be approximately 5 percent
Adjusted EPS is expected to be $0.30 - $0.40

For earnings history and earnings-related data on Kennametal (KMT) click here.

You May Also Be Interested In

• onsemi downgraded by TD Cowen after Synaptics deal clouds growth story
• Crocs upgraded to Overweight at Piper Sandler on North America recovery signs
• Benchmark Reiterates Buy Rating on Kura Sushi USA Inc. (KRUS) Ahead of Q3 Print