Kennametal (KMT) Misses Q1 EPS by 9c

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Go back to Kennametal (KMT) Misses Q1 EPS by 9c

Kennametal Announces Fiscal First Quarter 2016 Results And Sale Of Non-Core Businesses

November 3, 2015 6:30 AM EST

PITTSBURGH, Nov. 3, 2015 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today reported results for the 2016 fiscal first quarter ended September 30, 2015, with a loss per diluted share (LPS) of $0.08, compared with the prior year quarter EPS of $0.49. Adjusted EPS were $0.14 in the current quarter compared with $0.56 in the prior year quarter.

Kennametal also announced today that the company has signed a definitive agreement to sell several non-core businesses related to certain castings, steel-plate fabrication and deburring for an aggregate price of approximately $70 million in cash. Transaction... More