Kennametal (KMT) Tops Q2 EPS by 14c, Revenues Beat
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Kennametal Announces Fiscal 2021 Second Quarter Results
February 1, 2021 4:15 PM ESTPITTSBURGH, Feb. 1, 2021 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2021 second quarter ended December 31, 2020, with earnings per diluted share (EPS) of $0.23, compared with loss per diluted share (LPS) of $0.07 in the prior year quarter, and adjusted EPS of $0.16, compared with adjusted EPS of $0.17 in the prior year quarter.
"We experienced strong sequential sales growth in the quarter that outpaced our expectations, driven by improving demand mainly in the Transportation and General Engineering end-markets. These end-market trends coupled with the progress on our growth initiatives and... More
