Kennametal (KMT) Tops Q1 EPS by 5c
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Kennametal Announces Fiscal 2022 First Quarter Results
November 1, 2021 4:01 PM EDTPITTSBURGH, Nov. 1, 2021 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2022 first quarter ended September 30, 2021, with earnings per diluted share (EPS) of $0.43, compared with loss per share (LPS) of $0.26 in the prior year quarter, and adjusted EPS of $0.44, compared with $0.03 in the prior year quarter.
"The continued execution of our Commercial and Operational Excellence initiatives in an improving market environment resulted in strong performance this quarter, with sales and free operating cash flow outpacing normal quarterly sequential patterns. The results show substantial year-over-year margin improvement, driven... More
