Kennametal Reports Q4 and Fiscal 2021 Results; Announces Share Repurchase Program
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Kennametal (KMT) Tops Q4 EPS by 13c, $200M Buyback
August 2, 2021 4:02 PM EDTKennametal (NYSE: KMT) reported Q4 EPS of $0.53, $0.13 better than the analyst estimate of $0.40. Revenue for the quarter came in at $515.97 million versus the consensus estimate of $514.21 million.
Today the Company announced that its Board of Directors authorized a share repurchase program. Under this program, the Company intends to repurchase up to $200 million of Kennametal common stock. The Company expects to fund repurchases through cash generated from operations.
"We ended fiscal 2021 with positive momentum driven by solid execution of our strategic Commercial and... More
