Kennametal (KMT) FY2015 results: revenue $2.6 billion, down 6.7% on the year
Kennametal Inc. (KMT) reported revenue of $2.6 billion for fiscal 2015, the year ended 30 June 2015, down 6.7% on the year before. Net income was -$374 million, and diluted earnings per share $-4.71. The figures are the company's own, from the 10-K it filed with the SEC on 13 August 2015.
Revenue
$2.6 billion
-6.7% on the year
FY2009FY2015
Operating margin
-13.5%
9.3% a year earlier
FY2009FY2015
Net income
-$374 million
FY2009FY2015
Diluted EPS
-$4.71
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,647
2,837
2,589
-6.7%
Cost of revenue
1,841
1,940
1,744
-5.1%
Gross profit
806
897
845
-10.1%
Gross margin
30.4%
31.6%
32.6%
Research and development
45.1
44.0
39.7
+2.5%
Operating income
-358
263
296
Operating margin
-13.5%
9.3%
11.4%
Interest expense
31.5
32.5
27.5
-3.0%
Pre-tax income
-388
229
267
Income tax
-16.7
66.6
59.7
Effective tax rate
n/a
29.1%
22.4%
Net income
-374
158
203
Net margin
-14.1%
5.6%
7.8%
Diluted EPS
-$4.71
$1.99
$2.52
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
351
272
284
+29.3%
Capital expenditure
101
117
82.8
-14.0%
Free cash flow
250
154
201
+62.1%
Free cash flow margin
9.5%
5.4%
7.8%
Cash from investing
-84.6
-740
-80.7
Cash from financing
-333
270
52.1
Depreciation and amortisation
132
130
113
+1.1%
Share-based compensation
16.8
17.6
21.9
-4.6%
Buybacks
0.3
14.2
121
-97.8%
Dividends paid
57.0
56.4
51.0
+1.0%
Dividend per share
$0.72
$0.72
n/a
0.0%
Diluted shares, weighted
79m
80m
81m
-0.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,346
1,929
1,782
-30.2%
Non-controlling interest
29.6
32.4
30.5
-8.4%
Debt
752
1,062
748
-29.2%
Other liabilities
717
845
741
-15.2%
Total liabilities and equity
2,844
3,868
3,301
-26.5%
Fixed assets
816
884
741
-7.8%
Goodwill
417
976
722
-57.2%
Intangible assets
287
343
223
-16.5%
Cash and equivalents
105
178
377
-40.7%
Receivables
445
532
445
-16.2%
Inventory
576
704
579
-18.2%
Other assets
197
252
214
-21.6%
Total assets
2,844
3,868
3,301
-26.5%
10-K for the year ended 30 June 2015, filed 13 August 2015: the filing.