Kennametal: Fiscal Q4 Earnings Snapshot
PITTSBURGH (AP) _ Kennametal Inc. (KMT) on Monday reported fiscal fourth-quarter net income of $41.7 million.
On a per-share basis, the Pittsburgh-based company said it had net income of 50 cents. Earnings, adjusted for one-time gains and costs, were 53 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The engineered products maker posted revenue of $530 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $521.8 million.
For the year, the company reported profit of $144.6 million, or $1.72 per share. Revenue was reported as $2.01 billion.
For the current quarter ending in October, Kennametal said it expects revenue in the range of $480 million to $500 million.