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Article: Kennametal Announces First Quarter Fiscal 2010 Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Kennametal Inc. (NYSE: KMT) reported that sales for its first fiscal quarter ended September 30, 2009 improved sequentially by 6 percent from the preceding quarter. The improvement in sales was driven by a modest uptick in industrial activity in certain markets and follows three consecutive quarters of sharp sequential decline during the global economic downturn. Compared to the record level set for the September quarter one year ago, sales were lower by 36 percent.
Reported fiscal 2010 first quarter earnings (loss) per diluted share (EPS) were ($0.12), compared with prior year quarter reported EPS of $0.47. The current quarter reported EPS included restructuring ...