Kennametal (KMT) FY2017 results: revenue $2.1 billion, down 1.9% on the year
Kennametal Inc. (KMT) reported revenue of $2.1 billion for fiscal 2017, the year ended 30 June 2017, down 1.9% on the year before. Net income was $49 million, and diluted earnings per share $0.61. The figures are the company's own, from the 10-K it filed with the SEC on 14 August 2017.
Revenue
$2.1 billion
-1.9% on the year
FY2010FY2017
Operating margin
4.6%
-8.3% a year earlier
FY2010FY2017
Net income
$49 million
FY2010FY2017
Diluted EPS
$0.61
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,058
2,098
2,647
-1.9%
Cost of revenue
1,413
1,482
1,841
-4.6%
Gross profit
645
616
806
+4.7%
Gross margin
31.3%
29.4%
30.4%
Research and development
38.0
39.4
45.1
-3.6%
Operating income
94.8
-175
-358
Operating margin
4.6%
-8.3%
-13.5%
Interest expense
28.8
27.8
31.5
+3.9%
Pre-tax income
81.9
-199
-388
Income tax
29.9
25.3
-16.7
+18.1%
Effective tax rate
36.5%
n/a
n/a
Net income
49.1
-226
-374
Net margin
2.4%
-10.8%
-14.1%
Diluted EPS
$0.61
-$2.83
-$4.71
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
195
222
351
-12.2%
Capital expenditure
118
111
101
+6.6%
Free cash flow
77.3
112
250
-30.8%
Free cash flow margin
3.8%
5.3%
9.5%
Cash from investing
-113
-47.9
-84.6
Cash from financing
-53.3
-114
-333
Depreciation and amortisation
108
117
132
-8.4%
Share-based compensation
21.1
18.1
16.8
+16.2%
Buybacks
0.2
0.3
0.3
-18.3%
Dividends paid
64.1
63.7
57.0
+0.6%
Dividend per share
$0.80
$0.80
$0.72
0.0%
Diluted shares, weighted
81m
80m
79m
+1.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,017
964
1,346
+5.5%
Non-controlling interest
35.4
31.5
29.6
+12.3%
Debt
695
694
752
+0.2%
Other liabilities
668
673
717
-0.8%
Total liabilities and equity
2,415
2,363
2,844
+2.2%
Fixed assets
744
731
816
+1.9%
Goodwill
301
298
417
+1.0%
Intangible assets
191
207
287
-8.1%
Cash and equivalents
191
162
105
+18.0%
Receivables
380
371
445
+2.6%
Inventory
488
459
576
+6.3%
Other assets
120
135
197
-10.8%
Total assets
2,415
2,363
2,844
+2.2%
10-K for the year ended 30 June 2017, filed 14 August 2017: the filing.