Kennametal (KMT) Tops Q3 EPS by 14c, Raises FY Guidance

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Go back to Kennametal (KMT) Tops Q3 EPS by 14c, Raises FY Guidance

Kennametal Announces Fiscal 2016 Third Quarter Results

May 2, 2016 5:00 PM EDT

PITTSBURGH, May 2, 2016 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today reported results for the 2016 fiscal third quarter ended March 31, 2016, with earnings per diluted share (EPS) of $0.20, compared with the prior year quarter loss per diluted share (LPS) of $0.58. Adjusted EPS were $0.37 in the current quarter compared with $0.46 in the prior year quarter. The company generated year-to-date free operating cash flow of $67 million compared with $143 million in the same period last year. Fiscal 2016 EPS guidance is now $1.05 to $1.15.

The current period reported results include restructuring and related charges of $0.18 per... More