Kennametal reports Q1 EPS 37c, consensus 35c

Reports Q1 revenue $492.48M, consensus $504.47M. “Sales were generally in line with the outlook we shared last quarter, despite weaker than expected results in China,” said Christopher Rossi, president and CEO. “We also generated strong cash flow from operations, and executed on our Commercial and Operational Excellence initiatives and previously announced restructuring program to offset the weaker market conditions.”