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Agency / Source: Kennametal, Inc.

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Kennametal Announces Second Quarter 2013 Results - Kennametal, Inc. reported fiscal 2013 second-quarter results, with earnings per diluted share (EPS) of $0.52 compared with the prior-year quarter EPS of $0.91 (NYSE: KMT) - Kennametal.com
Kennametal Announces Second Quarter 2013 Results

 

PRZOOM - /newswire/ - Latrobe, PA, United States, 2013/01/24 - Kennametal, Inc. reported fiscal 2013 second-quarter results, with earnings per diluted share (EPS) of $0.52 compared with the prior-year quarter EPS of $0.91 (NYSE: KMT) - Kennametal.com. NYSE: KMT

   
 
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• Reported EPS of $0.52; Stellite accretive $0.02 per share;
• Delivered double digit operating margin;
• Strengthened financial position and liquidity with $400 million bond issuance;
• Revised guidance for slower-than-expected recovery.

“We again sustained strong performance, in both profitability and return on invested capital, despite generally lackluster activity in the global industrial markets,” said Kennametal Chairman, President and Chief Executive Officer Carlos Cardoso. “While recovery is progressing more slowly than expected, we have kept our organization agile and ready for the resumption of growth. Our Stellite acquisition is contributing to earnings and opening us to new growth opportunities in the energy and power generation industries. In addition, Kennametal remains committed to maximizing our results and maintaining our strong balance sheet to deliver increased shareholder value.”

 
 
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Agency / Source: Kennametal, Inc.

 
 

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Kennametal Announces Second Quarter 2013 Results

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Kennametal, Inc. |
Contact: Press Office - Kennametal.com 
724-539-5708 corporate.relations[.]kennametal.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Kennametal, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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