Benzinga | Feb 1, 2021 04:45PM EST

Recap: Kennametal Q2 Earnings

Shares of Kennametal (NYSE:KMT) moved higher in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 5.88% year over year to $0.16, which beat the estimate of $0.09.

Revenue of $440,507,000 declined by 12.78% from the same period last year, which beat the estimate of $423,610,000.

Looking Ahead

Kennametal hasn't issued any earnings guidance for the time being.

Kennametal hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $41.80

52-week low: $14.45

Price action over last quarter: Up 40.71%

Company Overview

Kennametal Inc is a manufacturer of metalworking tools and wear-resistant engineered components and coatings. The company operates in three business segments: Industrial, Widia and infrastructure. The industrial segment offers technology and customised solutions used in the manufacture of engines, airframes, automobiles, trucks, ships and other types of industrial equipment. Widia offers an assortment of standard and custom metal cutting solutions to general engineering, aerospace, energy and transportation customers. In the Infrastructure segment, Kennametal offers products and solutions such as road milling, trenching, surface mining, and underground mining safety used in the oil and gas, power generation and chemicals, and highway construction and road maintenance industries.