Kennametal (KMT) Tops Q2 EPS by 2c

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Go back to Kennametal (KMT) Tops Q2 EPS by 2c

Kennametal Announces Fiscal Second Quarter 2016 Results, Completes Sale Of Non-Core Businesses

February 3, 2016 6:30 AM EST

PITTSBURGH, Feb. 3, 2016 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today reported results for the 2016 fiscal second quarter ended December 31, 2015, with a loss per diluted share (LPS) of $2.12, compared with the prior year quarter LPS of $4.89. Adjusted EPS were $0.14 in the current quarter compared with $0.52 in the prior year quarter.

Don Nolan, President and CEO commented, "We are clearly operating in an environment where some of our key end markets are under significant pressure. We continue to adjust our global operations to best manage through this challenging time. We are acting quickly in... More