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Kennametal Inc Broadens FY 2014 Revenue Guidance; Lowers High End Of Prior FY 2014 EPS Guidance

Thursday, 24 Oct 2013 08:00am EDT 

Kennametal Inc announced that for fiscal 2014, it expects sales growth in the range of 5% to 7%, with organic sales growth ranging from 4% to 6%. Previously, the Company had forecast total sales growth ranging from 4% to 6% with organic sales growth of 5% to 7%. Based on the revision, the Company has reduced its EPS guidance for fiscal 2014 to range from $2.90 to $3.05, versus its previous expectation of $2.90 to $3.10. The Company reported revenue of $2.6 billion in fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $2.74 billion and EPS of $2.98 for fiscal 2014. 

Company Quote

0.07 +0.16%
21 Aug 2014