Kennametal(US:KMT) ZACKS·2024-11-06 15:35Core Insights - Kennametal (KMT) reported revenue of $481.95 million for the quarter ended September 2024, reflecting a year-over-year decline of 2.1% and an EPS of $0.29 compared to $0.41 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $480.69 million by 0.26%, while the EPS surprised positively by 16.00% against the consensus estimate of $0.25 [1] Revenue Performance - Total Sales in the Infrastructure segment were $185.05 million, surpassing the three-analyst average estimate of $179.62 million, with a year-over-year change of +0.4% [3] - Total Sales in the Metal Cutting segment were $296.90 million, slightly below the three-analyst average estimate of $301.08 million, showing a year-over-year decline of -3.7% [3] Operating Income - Corporate Operating Income was reported at -$0.53 million, better than the estimated loss of -$0.70 million by three analysts [3] - Proforma Operating Income for the Infrastructure segment was $12.71 million, exceeding the average estimate of $11.41 million [3] - Proforma Operating Income for the Metal Cutting segment was $24.47 million, also above the average estimate of $23.26 million [3] Stock Performance - Kennametal's shares have returned +7.1% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [4] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [4]