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Kennametal Inc (KMT.N)

KMT.N on New York Stock Exchange

36.71USD
27 Mar 2017
Change (% chg)

$-0.37 (-1.00%)
Prev Close
$37.08
Open
$36.18
Day's High
$36.78
Day's Low
$35.59
Volume
132,845
Avg. Vol
235,759
52-wk High
$39.94
52-wk Low
$20.41

Latest Key Developments (Source: Significant Developments)

Kennametal reports Q2 EPS $0.09
Wednesday, 1 Feb 2017 05:06pm EST 

Kennametal Inc - : Kennametal announces fiscal 2017 second quarter results . Q2 adjusted earnings per share $0.24 . Q2 earnings per share $0.09 . Q2 sales $488 million versus I/B/E/S view $488.4 million . Q2 earnings per share view $0.21 -- Thomson Reuters I/B/E/S . Sees fy 2017 adjusted earnings per share $1.20 to $1.50 . Qtrly reported results included restructuring and related charges of $0.13 per share and a discrete tax charge of $0.02 per share . Restructuring programs are currently expected to produce combined annual ongoing pre-tax permanent savings of $145-$160 million . Sees fy free operating cash flow to be in range of $90 to $110 million .Fy2017 earnings per share view $1.32 -- Thomson Reuters I/B/E/S.  Full Article

Kennametal sees FY 2017 adjusted earnings per share $1.10 to $1.40
Monday, 1 Aug 2016 04:44pm EDT 

Kennametal Inc : Kennametal announces fourth quarter and fiscal 2016 results; provides fiscal 2017 outlook . Q4 adjusted earnings per share $0.44 . Q4 sales $521 million versus i/b/e/s view $518.9 million . Sees fy 2017 adjusted earnings per share $1.10 to $1.40 . Q4 loss per share $0.83 . Q4 earnings per share view $0.43 -- Thomson Reuters I/B/E/S . Anticipate 2017 organic sales growth of between negative 2 percent and positive 2 percent . Sees 2017 free operating cash flow between $90 million and $110 million . Additionally, have embarked on workforce reduction initiative with expected costs of $80-$95 million which should reduce employment by 1,000 . Kennametal inc says board of directors declared a quarterly cash dividend of $0.20 per share . Workforce reduction initiative to result in an annual run rate savings of $100-$110 million by fiscal year-end 2017 . Announced restructuring plans are expected to yield incremental savings of approximately $31 million by fiscal year-end 2017 . Fy2017 earnings per share view $1.21, revenue view $2.00 billion -- Thomson Reuters I/B/E/S .During quarter, recorded discrete tax charge of $1.02 per share, associated with valuation allowance with regards to deferred tax assets in u.s.  Full Article

Kennametal Inc lowers FY 2016 guidance
Wednesday, 3 Feb 2016 06:31am EST 

Kennametal Inc:Says that due to further deterioration of our end markets as evidenced by continued declines in industrial production indices, U.S. and China coal mining, as well as further reductions in oil and gas activity, the company has revised its FY 2016 outlook.Says the company now expects FY 2016 total sales to decline in the range of 20 to 23 percent and organic sales to decline in the range of 10 to 13 percent.Previously, the company's October guidance provided in Q1 2016 earnings release, decline in total sales was projected to be in the range of 10 to 14 percent, with a decline in organic sales of 6 to 10 percent.Current guidance reflects impact of the sale of non-core businesses, whereas previous guidance did not reflect this transaction.Consistent with change of expectations in Dec., the company has reduced EPS about 40 percent at the midpoint, and now expects consolidated adjusted EPS to be in the range of $0.85 to $1.05 for FY 2016.Previously, adjusted EPS was projected to be in the range of $1.50 to $1.70.  Full Article

Kennametal declares quarterly cash dividend
Wednesday, 3 Feb 2016 06:30am EST 

Kennametal Inc:Board of directors declared a quarterly cash dividend of $0.20 per share.Dividend is payable February 26, 2016 to shareholders of record as of the close of business on February 12, 2016.  Full Article

Kennametal Inc reduces FY 2016 guidance
Monday, 14 Dec 2015 04:37pm EST 

Kennametal Inc:Says that the company is reducing its previously announced FY 2016 guidance.Co revenue expectations have been negatively impacted by further declines in end markets as evidenced by continued declines in industrial production indices since prior guidance was issued in early Nov.particularly China automotive and US and China coal mining, as well as further reductions in O&G activity.Says At this point in time, as a result of lower revenue expectations and the company's current lack of visibility to its end markets, the company expects as much as a 30-60% decrease in previously announced guidance for FY 2016 adjusted earnings per diluted share.  Full Article

Kennametal Inc lowers FY 2016 guidance
Tuesday, 3 Nov 2015 06:30am EST 

Kennametal Inc:Expects FY 2016 total sales to decline in the range of 10 pct. to 14 pct. and organic sales to decline in the range of 6 pct. to 10 pct.Previously, decline in total sales was projected to be in the range of 7 pct. to 9 pct., with a decline in organic sales of 1 pct. to 3 pct.Expects consolidated adjusted EPS to be in the range of $1.50 to $1.70 for FY 2016.Says top line softness is expected to negatively impact the company's original guidance by $0.65 to $0.70 per share, including the negative impact of mix.Says better than anticipated currency, taxes and other are expected to be a benefit to prior EPS guidance of $0.20 to $0.25 per share.  Full Article

Kennametal Inc board names Jan Kees van Gaalen Chief Financial Officer
Thursday, 27 Aug 2015 09:00am EDT 

Kennametal Inc:Board names Jan Kees Van Gaalen chief financial officer.Says Jan kees Van Gaalen replaces martha fusco.Says Jan kees Van Gaalen replaces martha fusco who has served as interim chief financial officer since Feb. 2015.Says fusco will continue in her role as vice president and corporate controller.Prior to joining co, Jan Kees Van Gaalen was executive vice president and chief financial officer at dresser-rand group inc.  Full Article

Kennametal Inc gives FY 2016 guidance
Thursday, 30 Jul 2015 08:00am EDT 

Kennametal Inc:Says that it expects FY 2016 organic sales decline ranging from 1 to 3 percent, with total sales decline between 7 and 9 percent.Sees FY 2016 consolidated EPS to range from $1.70 to $2.00, which includes foreign currency headwinds of about $0.30 to $0.35 due to the continued strength of the U.S. dollar.  Full Article

Kennametal Inc declares quarterly cash dividend
Thursday, 30 Jul 2015 03:00am EDT 

Kennametal Inc:Declared quarterly cash dividend of $0.20 per share, which represents an increase of 11 percent, or $0.02 per share.Says dividend is payable Aug. 26 to shareholders of record as of close of business on Aug. 11.  Full Article

Kennametal Inc lowers prior FY 2015 sales guidance; updates FY 2015 EPS guidance
Tuesday, 5 May 2015 08:00am EDT 

Kennametal Inc:Sees FY 2015 total sales to decline in the range of 7 pct. to 8 pct.Sees FY 2015 organic sales to decline in the range of 5 pct. to 6 pct.Kennametal is tightening its EPS guidance to range from $1.95 to $2.05, compared with previous expectations of $1.90 to $2.10.  Full Article

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BRIEF-Kennametal reports Q2 EPS $0.09

* Q2 earnings per share view $0.21 -- Thomson Reuters I/B/E/S