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Kennametal: Q1 Earnings Insights

Benzinga Insights
·1 min read

Shares of Kennametal (NYSE:KMT) fell 0.46% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 82.35% over the past year to $0.03, which missed the estimate of $0.06.

Revenue of $400,305,000 declined by 22.73% from the same period last year, which beat the estimate of $385,640,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

View more earnings on KMT

Kennametal hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $38.73

Company's 52-week low was at $14.45

Price action over last quarter: Up 25.60%

Company Profile

Kennametal Inc is a manufacturer of metalworking tools and wear-resistant engineered components and coatings. The company operates in three business segments: Industrial, Widia and infrastructure. The industrial segment offers technology and customised solutions used in the manufacture of engines, airframes, automobiles, trucks, ships and other types of industrial equipment. Widia offers an assortment of standard and custom metal cutting solutions to general engineering, aerospace, energy and transportation customers. In the Infrastructure segment, Kennametal offers products and solutions such as road milling, trenching, surface mining, and underground mining safety used in the oil and gas, power generation and chemicals, and highway construction and road maintenance industries.

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