Kennametal Announces Fiscal 2020 Third Quarter Results

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Kennametal (KMT) Tops Q3 EPS by 14c; Withdraws Outlook

May 4, 2020 4:18 PM EDT

Kennametal (NYSE: KMT) reported Q3 EPS of $0.46, $0.14 better than the analyst estimate of $0.32. Revenue for the quarter came in at $483 million versus the consensus estimate of $515.88 million.

"Despite the many headwinds we faced in the third quarter, we delivered solid results that were strengthened by our early cost-control actions and the continued benefits of our simplification/modernization investments," said President and CEO Christopher Rossi. "Kennametal is considered... More