Kennametal (KMT) Tops Q2 EPS by 3c

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Go back to Kennametal (KMT) Tops Q2 EPS by 3c

Kennametal Announces Fiscal 2017 Second Quarter Results

February 1, 2017 5:06 PM EST

PITTSBURGH, Feb. 1, 2017 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today reported results for its fiscal 2017 second quarter ended December 31, 2016, with earnings per diluted share (EPS) of $0.09, compared with the prior year quarter loss per diluted share (LPS) of $2.12. Adjusted earnings per diluted share (EPS) were $0.24 in the current quarter compared with adjusted EPS of $0.16 in the prior year quarter.

The current period reported results included restructuring and related charges of $0.13 per share and a discrete tax charge of $0.02 per share. The prior year quarter reported results included loss on divestiture of $1.20 per... More