Kennametal Q4 Profit Declines, But Revenues Up - Quick Facts

(RTTNews) - Kennametal Inc. (KMT) Thursday reported fourth-quarter net income attributable to the company of $45.46 million or $0.57 per share, down from $60.82 million or $0.76 per share in the prior year.

On an adjusted basis, earnings per share for the recent quarter were $0.75.

On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.89 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter grew 15 percent to $772.20 million from $671.41 million a year ago. Organic sales growth was 5 percent. Analysts estimated revenues of $785.37 million for the quarter.

During the quarter, the company recorded restructuring charges totaling $12.59 million.

For fiscal year 2015, the firm expects consolidated earnings per share to be in the range of $2.90 to $3.20.

Organic sales growth is anticipated to be in the range of 3 to 5 percent, with total sales growth between 5 and 7 percent. Analysts are looking for earnings of $3.34 per share, on revenues of $3.11 billion for the year.

The board has also declared a quarterly cash dividend of $0.18 per share, to shareowners of record on August 12, 2014, payable on August 26.