Edition:
India

Kennametal Inc (KMT.N)

KMT.N on New York Stock Exchange

43.49USD
20 Feb 2018
Change (% chg)

$-0.76 (-1.72%)
Prev Close
$44.25
Open
$43.83
Day's High
$44.58
Day's Low
$43.28
Volume
214,147
Avg. Vol
219,455
52-wk High
$52.50
52-wk Low
$32.97

Latest Key Developments (Source: Significant Developments)

Kennametal Inc reports Q1 earnings per share $0.48
Thursday, 2 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
Tuesday, 2 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

BRIEF-Kennametal Q2 Earnings Per Share $0.50

* ‍TAX REFORM NOT EXPECTED TO HAVE A MATERIAL EFFECT ON CASH FLOWS IN FISCAL 2018​