PITTSBURGH (AP) _ Kennametal Inc. (KMT) on Monday reported fiscal fourth-quarter net income of $35.1 million, after reporting a loss in the same period a year earlier.

The Pittsburgh-based company said it had profit of 41 cents per share. Earnings, adjusted for restructuring costs and pretax expenses, were 53 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The engineered products maker posted revenue of $516 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $514 million.

For the year, the company reported net income of $54.4 million, or 65 cents per share, swinging to a profit in the period. Revenue was reported as $1.84 billion.

Kennametal shares have fallen slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $36.17, an increase of 34% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMT at https://www.zacks.com/ap/KMT

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