Kennametal reports Q1 adjusted EPS 29c, consensus 26c

Reports Q1 revenue $481.95M, consensus $484.07M. “While we continue to generate strong cash flow from operations, softer market conditions in a number of our end markets have led sales to come in on the lower end of our expectations,” said Sanjay Chowbey, president and CEO. “We do, however, anticipate second quarter results in line with our historical sequential performance and we remain focused on the continued execution of the Value Creation Pillars we outlined last quarter: Delivering Growth, Continuous Improvement and Portfolio Optimization.”