Kennametal reports fiscal 2023 and fourth quarter results

Fy23 sales increased 3 percent year-over-year to $2.1 billion; 9 percent on an organic basis fy23 earnings per diluted share (eps) of $1.46 and adjusted eps of $1.52 q4 sales increased 4 percent year-over-year to $550 million; 7 percent on an organic basis returned $114 million to shareholders in fy23; $49 million in share repurchases and $65 million in dividends strong cash from operations of $258 million and focf of $169 million; highest focf in the last eight years provides fy24 q1 and annual outlook pittsburgh , aug. 1, 2023 /prnewswire/ -- kennametal inc. (nyse: kmt ) (the "company") today announced fourth quarter and fiscal 2023 results. for the fourth quarter, the company reported earnings per diluted share (eps) of $0.45, compared with $0.50 in the prior year quarter.
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