The industrial tools maker reported quarterly earnings exceeding analyst expectations by $0.10 per share and revenue surpassing forecasts by $24.9M.
Kennametal posted non-GAAP earnings per share of $0.77, beating consensus estimates by $0.10. Revenue reached $593M, $24.9M above expectations, driven by stronger demand in key industrial segments.
Analysts had anticipated earnings of $0.67 per share and revenue of $568.1M for the quarter. The company’s performance reflects improved operational efficiency and pricing power amid stable industrial activity.
Shares showed modest gains in after-hours trading as investors digested the results.