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United States

Kennametal Inc (KMT.N)

KMT.N on New York Stock Exchange

36.14USD
22 Jun 2018
Change (% chg)

$1.04 (+2.96%)
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Latest Key Developments (Source: Significant Developments)

Kennametal Inc reports Q1 earnings per share $0.48
Wednesday, 1 Nov 2017 05:13pm EDT 

Nov 1 (Reuters) - Kennametal Inc :Kennametal announces fiscal 2018 first quarter results.Q1 adjusted earnings per share $0.55.Q1 earnings per share $0.48.Q1 sales $542 million versus I/B/E/S view $516.8 million.Q1 earnings per share view $0.38 -- Thomson Reuters I/B/E/S.Sees fy 2018 adjusted earnings per share $2.30 to $2.60.Kennametal Inc - expects organic sales growth of 5 to 7 percent​ for full fiscal year.Fy2018 earnings per share view $2.21, revenue view $2.17 billion -- Thomson Reuters I/B/E/S.  Full Article

Kennametal Inc files for potential mixed shelf offering
Tuesday, 15 Aug 2017 06:11am EDT 

Aug 15 (Reuters) - Kennametal Inc :Kennametal Inc files for potential mixed shelf offering; size undisclosed - SEC filing.  Full Article

Kennametal Q4 adjusted earnings per share $0.56
Wednesday, 2 Aug 2017 04:45pm EDT 

Aug 2 (Reuters) - Kennametal Inc ::Kennametal announces fourth quarter and fiscal 2017 results; provides fiscal 2018 outlook.Q4 adjusted earnings per share $0.56.Q4 earnings per share $0.30.Q4 sales $565 million versus I/B/E/S view $562.2 million.Q4 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.Sees fy 2018 adjusted earnings per share $2.00 to $2.30.Kennametal inc - ‍our capital expenditures are expected to be in range of $210 to $230 million for 2018​.Kennametal inc - ‍ expects 2018 adjusted eps between $2.00 and $2.30, on organic sales growth of 2 percent to 4 percent​.Kennametal inc - ‍on a combined basis, qtrly pre-tax restructuring and related charges $0.26 per share, primarily from severance and a facility closure​.Kennametal inc - ‍restructuring programs are currently expected to produce combined annual ongoing pre-tax permanent savings of $165-$180 million​.  Full Article

Kennametal board names Christopher Rossi CEO
Thursday, 29 Jun 2017 06:45am EDT 

June 29 (Reuters) - Kennametal Inc :Kennametal board names Christopher Rossi chief executive officer; De Feo appointed executive chairman.Kennametal Inc - Chris succeeds Ron De Feo.Kennametal Inc - Board of directors has appointed Christopher (Chris) Rossi as president and chief executive officer and has named him a director.  Full Article

Kennametal reports Q3 earnings per share $0.48
Tuesday, 25 Apr 2017 05:00pm EDT 

April 25 (Reuters) - Kennametal Inc :Kennametal announces fiscal 2017 third quarter results.Q3 adjusted earnings per share $0.60.Q3 earnings per share $0.48.Q3 sales $529 million versus I/B/E/S view $515.4 million.Q3 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $1.50 to $1.60.Restructuring programs are currently expected to produce combined annual ongoing pre-tax permanent savings of $165-$180 million.Kennametal Inc - current period reported results included restructuring and related charges of $0.12 per share.Now expects FY free operating cash flow to be in range of $60 to $80 million, a decrease from previous outlook of $90 to $110 million.Expects 2017 free operating cash flow to be in range of $60 to $80 million.FY2017 earnings per share view $1.40 -- Thomson Reuters I/B/E/S.  Full Article

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

BRIEF-Kennametal Reports Q3 Adjusted Earnings Per Share $0.70

* KENNAMETAL ANNOUNCES STRONG FISCAL 2018 THIRD QUARTER RESULTS