Kennametal (KMT) Declares $0.18 Quarterly Dividend; 2.3% Yield
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Kennametal (KMT) Misses Q2 EPS by 3c; Says Visibility is Limited
January 29, 2015 8:02 AM ESTKennametal (NYSE: KMT) reported Q2 EPS of $0.52, $0.03 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $676 million versus the consensus estimate of $703.3 million.
Kennametal President and Chief Executive Officer Don Nolan said, "I'm encouraged by the talent, technologies and innovation inside our company. They reflect the inherent potential we possess to generate value over the long-term. While the current weakness in our end markets adversely affected our results, and the nature and magnitude of the impairment charge is disappointing, they also illustrate many opportunities for improving our operations and... More
