Kennametal (KMT) Tops Q4 EPS by 7c

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Kennametal Announces Strong Fourth Quarter And Fiscal 2018 Results; Provides Fiscal 2019 Outlook

August 6, 2018 4:15 PM EDT

PITTSBURGH, Aug. 6, 2018 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced fourth quarter and fiscal 2018 results. For the fourth quarter, the company reported EPS of $0.83, compared with $0.30 the prior year quarter. The current quarter adjusted EPS was $0.87, compared with $0.56 in the prior year quarter. For fiscal 2018, the company reported EPS of $2.42, compared with $0.61 in the prior year. Adjusted EPS was $2.65 in the current year, compared with $1.52 in the prior year.

"I am encouraged by the strong results of the quarter, and the progress we have made on our growth and margin... More