Brief: Kennametal Announces Fiscal 2023 First Quarter Results

Kennametal

31/10/2022 20:09

Oct 31 (Reuters) - Kennametal Inc  KMT.N :
    * KENNAMETAL ANNOUNCES FISCAL 2023 FIRST QUARTER RESULTS
    * Q1 EARNINGS PER SHARE $0.34
    * Q1 SALES ROSE 2 PERCENT TO $495.0 MILLION
    * SEES Q2 SALES TO BE $480 MILLION - $500 MILLION
    * SEES SALES EXPECTED TO BE $2.0 - $2.08 BILLION FOR FISCAL
2023
    * SEES 2023 ADJUSTED EPS TO BE $1.30 - $1.70
    * PRICING ACTIONS EXPECTED TO OFFSET RAW MATERIAL COSTS,
WAGES AND
GENERAL INFLATION IN FISCAL 2023
    * Q1 EARNINGS PER SHARE VIEW $0.37, REVENUE VIEW $488.1
MILLION --
REFINITIV IBES DATA
    * $200 MILLION THREE-YEAR SHARE REPURCHASE PROGRAM TO
CONTINUE IN
FISCAL 2023
    * FY2023 EARNINGS PER SHARE VIEW $1.73, REVENUE VIEW $2.03
BILLION
-- REFINITIV IBES DATA
    * Q2 REVENUE VIEW $492.2 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn4pWWcXa 
Further company coverage:  KMT.N 
 ((Reuters.Briefs@thomsonreuters.com;))