Kennametal: Fiscal Q4 Earnings Snapshot
By AP News
Published - Aug 07, 2024, 06:51 AM ET
Last Updated - Aug 07, 2024, 06:51 AM EDT
PITTSBURGH (AP) — PITTSBURGH (AP) — Kennametal Inc. (KMT) on Wednesday reported fiscal fourth-quarter net income of $37.2 million.
On a per-share basis, the Pittsburgh-based company said it had net income of 47 cents. Earnings, adjusted for restructuring costs and non-recurring costs, came to 49 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The engineered products maker posted revenue of $543.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $532.1 million.
