Kennametal (KMT) Misses Q1 EPS by 3c

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Kennametal Announces Fiscal 2021 First Quarter Results

November 2, 2020 4:01 PM EST

PITTSBURGH, Nov. 2, 2020 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2021 first quarter ended September 30, 2020, with loss per diluted share (LPS) of $0.26, compared with earnings per diluted share (EPS) of $0.08 in the prior year quarter, and adjusted EPS of $0.03, compared with adjusted EPS of $0.17 in the prior year quarter.

"Our results demonstrate effective execution on several fronts despite low levels of industrial activity. Benefits from our simplification/modernization initiatives increased, as we move into the final stages of footprint rationalization, positioning us well for... More