Kennametal (KMT) Tops Q1 EPS by 17c

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Go back to Kennametal (KMT) Tops Q1 EPS by 17c

Kennametal Announces Fiscal 2018 First Quarter Results

November 1, 2017 5:13 PM EDT

PITTSBURGH, Nov. 1, 2017 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today reported results for its fiscal 2018 first quarter ended September 30, 2017, with earnings per diluted share (EPS) of $0.48, compared with a loss per diluted share (LPS) of $0.27 in the prior year quarter. Adjusted EPS were $0.55 in the current quarter compared with $0.11 in the prior year quarter.

Reported results include restructuring and related charges of $0.07 per share and $0.38 per share for the fiscal 2018 and fiscal 2017 first quarters, respectively.

"Kennametal's performance in the first quarter of fiscal year 2018 surpassed our expectations in almost every... More