Kennametal (KMT) Tops Q4 EPS by 3c

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Kennametal Announces Fourth Quarter and Fiscal 2020 Results

August 3, 2020 4:01 PM EDT

PITTSBURGH, Aug. 3, 2020 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today announced fourth quarter and fiscal 2020 results. For the fourth quarter, the Company reported loss per share (LPS) of $0.11, compared with earnings per share (EPS) of $0.74 in the prior year quarter. The current quarter adjusted EPS was $0.15, compared with $0.84 in the prior year quarter. For fiscal 2020, the Company reported LPS of $0.07, compared with EPS of $2.90 in the prior year. Adjusted EPS was $0.94 in the current year, compared with $3.02 in the prior year.

"The effects of COVID-19 were felt in every region... More