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Kennametal Inc (KMT.N)

KMT.N on New York Stock Exchange

49.98USD
18 Jan 2018
Change (% chg)

$-0.28 (-0.56%)
Prev Close
$50.26
Open
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Volume
234,073
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212,160
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$52.50
52-wk Low
$32.97

Latest Key Developments (Source: Significant Developments)

Kennametal Inc reports Q1 earnings per share $0.48
Wednesday, 1 Nov 2017 

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 sees FY 2017 adjusted earnings per share $1.10 to $1.40
Monday, 1 Aug 2016 

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 

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 

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

BRIEF-Kennametal Inc reports Q1 earnings per share $0.48

* Q1 earnings per share view $0.38 -- Thomson Reuters I/B/E/S