Kennametal (KMT) Tops Q3 EPS by 2c; Tightens Full Year Outlook

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Go back to Kennametal (KMT) Tops Q3 EPS by 2c; Tightens Full Year Outlook

Kennametal Announces Fiscal Third Quarter 2015 Results, Additional Restructuring Initiatives

May 5, 2015 8:00 AM EDT

LATROBE, Pa., May 5, 2015 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today reported results for the fiscal third quarter 2015, with loss per diluted share (LPS) of $0.58, compared with the prior year quarter earnings per diluted share (EPS) of $0.64. Adjusted EPS were $0.46 in the current quarter compared with $0.75 in the prior year quarter.

The company generated $220 million in cash flow from operating activities for the nine months ended March 31, 2015, compared with $153 million in the prior year period. The increase is due to improved working capital management. Net capital expenditures were $76 million and $85... More