Kennametal Inc. Q4 Profit Increases, Beats Estimates

(RTTNews) - Kennametal Inc. (KMT) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $37.18 million, or $0.47 per share. This compares with $36.43 million, or $0.45 per share, in last year's fourth quarter.

Excluding items, Kennametal Inc. reported adjusted earnings of $38.78 million or $0.49 per share for the period.

Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.3% to $543.31 million from $550.23 million last year.

Kennametal Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $37.18 Mln. vs. $36.43 Mln. last year. -EPS (Q4): $0.47 vs. $0.45 last year. -Revenue (Q4): $543.31 Mln vs. $550.23 Mln last year.

-Guidance: Next quarter EPS guidance: $0.20 - $0.30 Next quarter revenue guidance: $480 - $500 Mln