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Kennametal Inc Raises FY 2013 Revenue Guidance; Lowers FY 2013 EPS Guidance


Thursday, 25 Apr 2013 07:02am EDT 

Kennametal Inc adjusted fiscal 2013 guidance and expects sales decline in the range of 5% to 6%, with organic sales decline ranging from 8% to 9%. Previously, the company had forecast total sales decline ranging from 2% to 4% with organic sales decline of 7% to 9%. Based on the revision, the company has reduced its EPS guidance for fiscal 2013 to range from $2.45 to $2.55, versus its previous expectation of $2.60 to $2.80. Included in this outlook is the accretive contribution of the Stellite acquisition, net of integration costs, which is now expected to range between $0.05 and $0.10 per share as compared to the previous range of $0.10 and $0.15 per share. The Company reported revenue of $2.646 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $2.66 billion and EPS of $2.67for fiscal 2013. 

Company Quote

36.16
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24 Dec 2014