Brief: Kennametal Announces Fiscal 2023 Second Quarter Results

Kennametal

06/02/2023 21:22

Feb 6 (Reuters) - Kennametal Inc  KMT.N :
    * KENNAMETAL ANNOUNCES FISCAL 2023 SECOND QUARTER RESULTS
    * Q2 SALES ROSE 2 PERCENT TO $497.0 MILLION
    * Q2 EARNINGS PER SHARE $0.27
    * COMPANY'S EXPECTATIONS FOR Q3 OF FISCAL 2023 AND FULL
YEAR,
WHICH REMAIN LARGELY UNCHANGED
    * SEES FY 2023 ADJUSTED EPS IS EXPECTED TO BE $1.30 - $1.70
    * FY 2023 SALES EXPECTED TO BE $2.05 BILLION - $2.1 BILLION,
INCLUDING A CURRENCY HEADWIND OF APPROXIMATELY $100 MILLION
    * Q2 EARNINGS PER SHARE VIEW $0.22, REVENUE VIEW $491.7
MILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $1.47, REVENUE VIEW $2.03
BILLION
-- REFINITIV IBES DATA
    * Q3 ADJUSTED OPERATING INCOME EXPECTED TO BE AT LEAST $40
MILLION
    * SEES Q3 SALES TO BE $520 MILLION - $540 MILLION

Source text for Eikon:  ID:nPn9NrDvpa 
Further company coverage:  KMT.N 
 ((Reuters.Briefs@thomsonreuters.com))