Kennametal (KMT) Q3 Earnings Miss Estimates, Revenues Fall Y/Y [Yahoo! Finance]
Kennametal Inc. (KMT)
Last kennametal inc. earnings: 2/3 04:01 pm
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US:NYSE Investor Relations:
kennametal.gcs-web.com/investor-overview
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Source: Yahoo! Finance
KMT reported third-quarter fiscal 2024 (ended Mar 31, 2024) adjusted earnings of 30 cents per share, which missed the Zacks Consensus Estimate of 31 cents. The bottom line decreased 23.1% from the year-ago figure. Revenue Details Kennametal's revenues were $515.8 million, which decreased 3.8% from the year-ago quarter's figure. Organic sales declined 2% year over year. Business days had a negative impact of 1%. Currency exchange negatively affected sales by 1%. KMT's revenues missed the Zacks Consensus Estimate of $525 million. On a geographical basis, revenues from American operations decreased 6.2% year over year to $252.9 million, whereas sales from Europe, the Middle East and Africa region were $164.2 million, up 0.2% from the year-ago quarter's reading. Sales from the Asia Pacific belt decreased 3.1% to $98.6 million. Kennametal reports results under two business segments, namely Metal Cutting and Infrastructure. Its segmental performance for the fiscal third quarter is
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KMT
News
- Kennametal Inc. (NYSE: KMT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Kennametal Inc. (NYSE:KMT) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kennametal Inc. (NYSE: KMT) had its price target raised by analysts at Barclays PLC from $24.00 to $25.00. They now have an "equal weight" rating on the stock.MarketBeat
- Kennametal (NYSE:KMT) Is Due To Pay A Dividend Of $0.20 [Yahoo! Finance]Yahoo! Finance
- Kennametal to Attend KeyBanc 2024 Industrials and Basic Materials ConferencePR Newswire
KMT
Earnings
- 5/8/24 - Miss
KMT
Sec Filings
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- 5/10/24 - Form 10-Q
- KMT's page on the SEC website