Kennametal (KMT) Misses Q3 EPS by 2c

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Go back to Kennametal (KMT) Misses Q3 EPS by 2c

Kennametal Announces Fiscal 2019 Third Quarter Results: 10th consecutive quarter of year-over-year earnings per share growth

May 6, 2019 4:11 PM EDT

PITTSBURGH, May 6, 2019 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2019 third quarter ended March 31, 2019, with EPS of $0.82, compared with $0.61 in the prior year quarter, and adjusted EPS of $0.77, compared with $0.70 in the prior year quarter.

"We delivered organic sales growth in every business segment, on increasingly tougher comparables, and end markets remained generally positive except for automotive," said President and Chief Executive Officer, Chris Rossi. "Earnings improved, and our adjusted EBITDA margin for the quarter increased notably year-over-year which is in-line with the fiscal... More