Kennametal reports Q4 adjusted EPS 34c, consensus 39c

Reports Q4 revenue $516.45M, consensus $527.56M. “Kennametal (KMT) responded to significant headwinds this past year, including persistent market softness, tariff impacts, and foreign exchange weakness,” said Sanjay Chowbey, president and CEO. “We took decisive actions to progress our efforts on productivity, cost restructuring, and footprint consolidation, and we plan to ramp up our work on right sizing capacity and cost improvement. We also executed our portfolio optimization strategy with the sale of our Goshen facility.”