Kennametal warns of revenue 'well below' expectations, slashed outlook [MarketWatch]
Kennametal Inc. (KMT)
Last kennametal inc. earnings: 2/3 04:01 pm
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Source: MarketWatch
Kennametal warns of revenue 'well below' expectations, slashed outlook Shares of Kennametal Inc. KMT, +2.95% plunged 15% in premarket trading Monday, after the industrial technology company warned Monday that fiscal first-quarter revenue would fall well more than expected and slashed its full-year outlook, citing further slowing in the general engineering, energy and transportation markets. The company expects to report revenue of $518 million down 12% from $587 million a year ago, and below the FactSet consensus of $547 million. For fiscal 2020, the company cut its adjusted earnings-per-share guidance range to $1.70 to $2.10 from $2.80 to $3.20, compared with the the FactSet consensus of $2.81, and revised its organic sales growth outlook to negative 9% to negative 5% from negative 2% to positive 2%. "Our first quarter results are well below our expectations as market conditions deteriorated more significantly than we anticipated across all regions, and primarily in the general en
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KMT
News
- Kennametal to Attend BofA Securities Transportation, Airlines and Industrial Conference 2024PR Newswire
- Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2024 ResultsPR Newswire
- What Makes Kennametal (KMT) an Investment Opportunity? [Yahoo! Finance]Yahoo! Finance
- Kennametal (KMT) Exhibits Strong Prospects Despite Headwinds [Yahoo! Finance]Yahoo! Finance
- Is Kennametal Inc.'s (NYSE:KMT) Stock On A Downtrend As A Result Of Its Poor Financials? [Yahoo! Finance]Yahoo! Finance
KMT
Earnings
- 2/7/24 - Beat
KMT
Sec Filings
- 3/14/24 - Form 8-K
- 3/8/24 - Form 4
- 3/7/24 - Form 144
- KMT's page on the SEC website