PITTSBURGH (AP) 鈥� PITTSBURGH (AP) 鈥� Kennametal Inc. (KMT) on Wednesday reported fiscal fourth-quarter profit of $227 million.
On a per-share basis, the Pittsburgh-based company said it had net income of $2.91. Earnings, adjusted for one-time gains and costs, were $2.96 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.31 per share.
The engineered products maker posted revenue of $736.6 million in the period.
For the year, the company reported profit of $342.4 million, or $4.42 per share. Revenue was reported as $2.36 billion.
For the current quarter ending in September, Kennametal expects its per-share earnings to range from $2.50 to $2.80.
The company said it expects revenue in the range of $745 million to $775 million for the fiscal first quarter.
Kennametal expects full-year earnings in the range of $4.15 to $5.15 per share, with revenue ranging from $3.33 billion to $3.45 billion.
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