Kennametal (KMT) Q3 Earnings Miss Estimates, Revenues Fall Y/Y
KMTKennametal(KMT) Zacks Investment Research·2024-05-10 01:50

Kennametal Inc. (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 Za ...