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-0.000170039108995035 0 -0.00187043019894575 -0.00187043019894575 -0.00119027376296549 -0.00901207277673867 -0.000850195544975296 -0.00459105594286679
Stock impact report

Kennametal's Q1 Earnings Surpass Estimates, Revenues Decline Y/Y [Yahoo! Finance]

Kennametal Inc. (KMT) 
Last kennametal inc. earnings: 2/3 04:01 pm Check Earnings Report
US:NYSE Investor Relations: kennametal.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
The bottom line decreased 29.3% from the year-ago figure. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Kennametal's revenues were $481.9 million, which decreased 2% from the year-ago quarter's figure. Organic sales declined 2% year over year. Business days had a positive impact of 1%. Currency exchange negatively affected sales by 1%. KMT's revenues beat the Zacks Consensus Estimate of $581 million. On a geographical basis, revenues from American operations decreased 2% year over year to $237.7 million, whereas sales from Europe, the Middle East and Africa region were $145.9 million, down 1% from the year-ago quarter's reading. Sales from the Asia Pacific belt increased 2% to $98.3 million. Kennametal reports results under two business segments, namely Metal Cutting and Infrastructure. Its segmental performance for the fiscal first quarter is briefly discussed below: The Metal Cutting segment's revenues of $297 million decreased 4% year over yea Show less Read more
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