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Mar 31, 2020
Kennametal Q3 2020 Earnings Report
Kennametal's Q3 2020 earnings were impacted by global manufacturing slowdown, but strengthened by early cost-control actions and simplification/modernization investments.
Key Takeaways
Kennametal reported a decrease in sales by 19% to $483 million, driven by a 17% organic sales decline. EPS was $0.03, and adjusted EPS was $0.46. The company is withdrawing its fiscal year 2020 outlook due to the uncertainty caused by COVID-19.
COVID-19 protocols were implemented to protect employee health and safety.
The company maintained a strong cash balance and liquidity position.
Simplification/modernization efforts yielded approximately $15 million in incremental benefits during the quarter.
Sales declined due to global manufacturing slowdowns.
Revenue by Geographic Location
Forward Guidance
Due to the increased uncertainty in the global economy and Kennametal’s end markets caused by COVID-19, the Company is withdrawing its previously announced outlook for fiscal year 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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