Inferra AI / Company / KMT
Kennametal Inc
KMT · Industrials
Last earnings Aug 5, 2026
Key results
Operating incomequarter
$303 million
Operating income was $303 million, or 41.1 percent margin, compared with $31 million, or 6.1 percent margin, in the prior year quarter.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
operating income was driven by the favorable timing of raw material-related pricing compared to costs of approximately $252 million, non-raw material-related pricing and tariff surcharges in Metal Cutting
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Adjusted operating incomequarter
$306 million
Adjusted operating income was $306 million, or 41.5 percent margin, compared with $38 million, or 7.4 percent margin, in the prior year quarter.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Operating income was $473 million, or 20.1 percent margin, compared with $143 million, or 7.3 percent margin, in the prior year.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
operating income was driven by the favorable timing of raw material-related pricing compared to raw material costs of approximately $316 million, non-raw material-related pricing and tariff surcharges in Metal Cutting
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Adjusted operating income was $484 million, or 20.5 percent margin, compared with $158 million, or 8.0 percent margin, in the prior year.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Metal Cutting revenuequarter
$398 million
Fiscal 2026 Fourth Quarter Segment Results Metal Cutting sales of $398 million increased 24 percent from $321 million in the prior year quarter, reflecting organic sales growth of 22 percent, a favorable foreign currency exchange effect of 1 percent and a favorable business days effect of 1 percent.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Revenuequarter
22 percent
Fiscal 2026 Fourth Quarter Segment Results Metal Cutting sales of $398 million increased 24 percent from $321 million in the prior year quarter, reflecting organic sales growth of 22 percent, a favorable foreign currency exchange effect of 1 percent and a favorable business days effect of 1 percent.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Operating income was $106 million, or 26.7 percent margin, compared to $21 million, or 6.6 percent margin, in the prior year quarter.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
AI analysis
Q1 FY2027 · reported Aug 5, 2026
Based on: Earnings release + parent 8-K + 10-K — transcript not held
Headline figures
| Metric | Q1 FY2027 | Prior qtr | Year ago |
|---|---|---|---|
| Operating income | $303 million | — | — |
| Adjusted operating income | $306 million | — | — |
| Metal Cutting revenue | $398 million | — | — |
| Revenue | 22 percent | — | — |
Guidance · company-stated
“expected to be $745”
“is expected to be $2.50”
“expected to be $3.33”
“is expected to be $4.15”
“Capital spending expected to be approximately $85 million”
“of $398 million”
Guidance stated in the release for the first quarter of fiscal 2027; figures as stated.
Capital allocation
Dividend Declared Kennametal also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share.
Event summary
Our team delivered strong fiscal 2026 results, reflecting volume from improving market conditions and our strategic growth initiatives, said Sanjay Chowbey, President and CEO
Based on: Earnings release + parent 8-K + 10-K — transcript not held
Guidance & outlook
Sales: “Sales expected to be $745”
Adjusted EPS: “Adjusted EPS is expected to be $2.50”
Sales: “Sales expected to be $3.33”
Adjusted EPS: “Adjusted EPS is expected to be $4.15”
adjusted net income: “adjusted net income Capital spending expected to be approximately $85 million”
sales: “sales of $398 million”
Sales (“the first quarter of fiscal 2027”)
“Outlook The Company s expectations for the first quarter of fiscal 2027 and the full year are as follows Quarterly Outlook Sales expected to be $745 - $775 million foreign exchange anticipated to be neutral compared to the first quarter of fiscal 2026 Adjusted EPS is expected to be $2.50 - $2.80 Annual Outl”
Adjusted EPS (“the first quarter of fiscal 2026”)
“e as follows Quarterly Outlook Sales expected to be $745 - $775 million foreign exchange anticipated to be neutral compared to the first quarter of fiscal 2026 Adjusted EPS is expected to be $2.50 - $2.80 Annual Outlook Sales expected to be $3.33 - $3.45 billion foreign exchange anticipated to be neutral compared to the fiscal 2026 Adjusted EPS is expect”
Sales (“the first quarter of fiscal 2026”)
“775 million foreign exchange anticipated to be neutral compared to the first quarter of fiscal 2026 Adjusted EPS is expected to be $2.50 - $2.80 Annual Outlook Sales expected to be $3.33 - $3.45 billion foreign exchange anticipated to be neutral compared to the fiscal 2026 Adjusted EPS is expected to be $4.15 - $5.15 Free operating cash flow of”
Adjusted EPS (“fiscal 2026”)
“s expected to be $2.50 - $2.80 Annual Outlook Sales expected to be $3.33 - $3.45 billion foreign exchange anticipated to be neutral compared to the fiscal 2026 Adjusted EPS is expected to be $4.15 - $5.15 Free operating cash flow of approximately 20 percent of adjusted net income Capital spending expected to be approximately $85 million The Company will”
adjusted net income (“fiscal 2026”)
“ange anticipated to be neutral compared to the fiscal 2026 Adjusted EPS is expected to be $4.15 - $5.15 Free operating cash flow of approximately 20 percent of adjusted net income Capital spending expected to be approximately $85 million The Company will provide more details regarding its fiscal 2027 assumptions during its quarterly earnings conference call.”
sales (“Fiscal 2026”)
“Fiscal 2026 Fourth Quarter Segment Results Metal Cutting sales of $398 million increased 24 percent from $321 million in the prior year quarter, reflecting organic sales growth of 22 percent, a favorable foreign currency exchange effect of 1 percent and a favorable business days effect of 1 percent.”
Guidance stated in the release for the first quarter of fiscal 2027; figures as stated.
Capital allocation
Dividend Declared Kennametal also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
The dividend is payable on August 25, 2026 to shareholders of record as of the close of business on August 11, 2026.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Management considers FOCF to be an important indicator of the Company's cash generating capability because it better represents cash generated from operations that can be used for dividends, debt repayment, strategic initiatives (such as acquisitions) and other investing and financing activities.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
The decrease in FOCF was driven primarily by the aforementioned working capital requirements, partially offset by higher net income and lower capital expenditures compared to the prior year.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
For example, statements about Kennametal s outlook for sales, adjusted operating income, adjusted EPS, FOCF and capital expenditures for the first quarter and full year of fiscal 2027 and our expectations regarding future growth and financial performance are forward-looking statements.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Adjustments for the three months ended June 30, 2026 include restructuring and related charges, loss on early extinguishment of debt and differences in projected annual tax rates.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Strategy & priorities
Our team delivered strong fiscal 2026 results, reflecting volume from improving market conditions and our strategic growth initiatives, said Sanjay Chowbey, President and CEO.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
He continued Looking ahead, we are encouraged by the volume trends we have seen across several end markets and expect those improving conditions, along with our strategic initiatives, to continue to drive sales growth throughout fiscal 2027.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Management considers FOCF to be an important indicator of the Company's cash generating capability because it better represents cash generated from operations that can be used for dividends, debt repayment, strategic initiatives (such as acquisitions) and other investing and financing activities.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
We have also included forward-looking statements in this Annual Report on Form 10-K ("Annual Report") concerning, among other things, our strategy, goals, plans and projections regarding our financial position, liquidity and capital resources, results of operations, market position, and product development.
SEC original ↗Kennametal Inc — 10-K Annual report10-KAug 12, 2026
ACQUISITIONS, STRATEGIC INVESTMENTS AND DIVESTITURES We continually evaluate new opportunities to expand into new market areas, and to introduce new and/or complementary product offerings into new or existing areas where appropriate.
SEC original ↗Kennametal Inc — 10-K Annual report10-KAug 12, 2026
Risks & headwinds
The increase in operating income was driven by the favorable timing of raw material-related pricing compared to costs of approximately $252 million, non-raw material-related pricing and tariff surcharges in Metal Cutting, higher sales and production volumes and incremental year-over-year restructuring savings of approximately $5 million.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
These factors were partially offset by higher compensation costs and tariffs and general inflation.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
The increase in operating income was driven by the favorable timing of raw material-related pricing compared to raw material costs of approximately $316 million, non-raw material-related pricing and tariff surcharges in Metal Cutting, higher sales and production volumes and incremental year-over-year restructuring savings of approximately $27 million.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
These factors were partially offset by higher compensation costs, tariffs and general inflation, and fewer insurance proceeds received within Infrastructure in the current year.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
The increase in operating income was driven by the favorable timing of raw material-related pricing compared to costs of approximately $54 million, non-raw material-related pricing and tariff surcharges, higher sales and production volumes and incremental year-over-year restructuring savings of approximately $4 million.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Any forward-looking statements are based on current knowledge, expectations and estimates that involve inherent risks and uncertainties.
SEC original ↗Kennametal Inc — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
33 documents- Q2 2026
- 8-KKMT
Aug 18, 2026
- 10-KKMT
Aug 12, 2026
- 8-KKMT
Aug 5, 2026
- 8-KKMT
Jul 31, 2026
- 8-KKMT
Jul 28, 2026
- Q1 2026
- 8-KKMT
Jun 30, 2026
- 8-KKMT
Jun 2, 2026
- 8-KKMT
May 28, 2026
- 8-KKMT
May 27, 2026
- EX-99KMT
May 27, 2026
- EX-99KMT
May 27, 2026
- 8-KKMT
May 19, 2026
- EX-99KMT
May 19, 2026
- 8-KKMT
May 6, 2026
- 10-QKMT
May 6, 2026
- 8-KKMT
May 1, 2026
- Q4 2025
- 8-KKMT
Feb 4, 2026
- 10-QKMT
Feb 4, 2026
- 8-KKMT
Jan 30, 2026
- Q3 2025
- 8-KKMT
Nov 18, 2025
- 8-KKMT
Nov 5, 2025
- 10-QKMT
Nov 5, 2025
- 8-KKMT
Oct 30, 2025
- Q2 2025
- 10-KKMT
Aug 12, 2025
- 8-KKMT
Aug 6, 2025
- 8-KKMT
Jul 30, 2025
- Q1 2025
- 8-KKMT
Jun 6, 2025
- 8-KKMT
May 7, 2025
- 10-QKMT
May 7, 2025
- 8-KKMT
May 1, 2025
- 8-KKMT
Apr 30, 2025
- Q4 2024
- 8-KKMT
Feb 14, 2025
- 10-QKMT
Feb 7, 2025
Earnings releases
9 documentsPresentations
0 documentsNo presentations for Kennametal Inc are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Kennametal Inc are held in this edition of the library.
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