Kennametal (KMT) Misses Q2 EPS by 3c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

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Kennametal Announces Fiscal 2020 Second Quarter Results

February 3, 2020 4:01 PM EST

PITTSBURGH, Feb. 3, 2020 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2020 second quarter ended December 31, 2019, with loss per diluted share (LPS) of $0.07, compared with earnings per diluted share (EPS) of $0.66 in the prior year quarter, and adjusted EPS of $0.17, compared with adjusted EPS of $0.71 in the prior year quarter.

"Our second quarter results reflect weakening end-market conditions, particularly from greater than expected deceleration in the U.S., Germany and India, combined with headwinds developing in the 737 MAX supply chain," said Christopher Rossi, President and... More