Kennametal (KMT) Tops Q4 EPS by 7c

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Kennametal Reports Fiscal 2022 and Fourth Quarter Results

August 1, 2022 4:06 PM EDT

FY22 sales increased 9 percent year-over-year to $2.0 billion; 11 percent on an organic basisStrong full-year operating leverage drove significant improvement in annual operating marginFY22 earnings per diluted share (EPS) of $1.72 and adjusted EPS of $1.78 versus $0.65 and $1.04, respectively, in FY21Returned $152 million to shareholders in FY22; $85 million in share repurchases and $67 million in dividendsQ4 sales increased 3 percent year-over-year to $530 million; 7 percent on an organic basis

PITTSBURGH, Aug. 1, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company")... More