Kennametal (KMT) Misses Q1 EPS by 3c; Boosts FY16 Outlook

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Go back to Kennametal (KMT) Misses Q1 EPS by 3c; Boosts FY16 Outlook

Kennametal Announces Fiscal 2017 First Quarter Results

October 26, 2016 6:30 PM EDT

PITTSBURGH, Oct. 26, 2016 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today reported results for the fiscal 2017 first quarter ended September 30, 2016, with loss per diluted share (LPS) of $0.27, compared with the prior year quarter LPS of $0.08. Adjusted earnings per diluted share (EPS) were $0.11 in the current quarter compared with adjusted EPS of $0.14 in the prior year quarter.

The current period reported results included restructuring and related charges of $0.38 per share. The prior year quarter reported results included restructuring and related charges of $0.14 per share and divestiture-related charges of $0.08 per share.

"Kennametal's 2017... More