Nov 4, 6:48 AM ET
Kennametal reported fiscal 2027 first quarter sales of $768 million, up 54 percent from a year earlier, with operating income of $379 million and diluted EPS of $3.48 versus $0.30. The company raised its full-year fiscal 2027 adjusted EPS outlook to $5.00 to $6.00 and reiterated its sales outlook of $3.33 to $3.45 billion, but year-to-date free operating cash flow was negative $212 million.
- Q1 sales of $768 million rose 54 percent, driven by higher Metal Cutting and Infrastructure volumes and raw material pricing timing.
- Q1 operating income was $379 million, a 49.4 percent margin, versus $38 million a year earlier.
- Full-year fiscal 2027 adjusted EPS outlook raised to $5.00 to $6.00; sales outlook reiterated at $3.33 to $3.45 billion.
- Year-to-date operating cash flow was negative $201 million, mainly due to higher inventory values from tungsten price increases.
Read the filing on SEC.gov ↗
Oct 29, 10:18 AM ET
At its October 27, 2026 annual meeting, Kennametal shareowners elected nine directors to terms ending in 2027, ratified PricewaterhouseCoopers LLP as auditor for fiscal 2027, and approved executive compensation in an advisory vote. The same day, the board declared a quarterly cash dividend of $.20 per share.
- All nine director nominees were elected; Joseph Alvarado received 59,961,025 votes for and 5,598,847 withheld, the lowest support of the group.
- PricewaterhouseCoopers LLP was ratified as independent auditor for the fiscal year ending June 30, 2027, with 67,567,969 votes for and 2,190,188 against.
- The advisory vote on executive compensation passed with 62,066,892 votes for and 3,313,172 against.
- The $.20 quarterly dividend is payable November 23, 2026, to shareholders of record at the close of business on November 9, 2026.
Read the filing on SEC.gov ↗
Aug 18, 4:21 PM ET
Kennametal appointed Dawne Hickton and Richard Harshman as directors, effective September 1, 2026, with election proposed at the October 2026 annual shareholder meeting. The filing describes board additions rather than financial results, operations or a change in management.
- Richard J. Harshman, 70, is the retired Executive Chairman and former CEO of ATI Inc.
- Dawne Hickton, 68, is Chair and CEO of Cumberland Additive, Inc. and formerly led Jacobs' Critical Mission Solutions business.
- Neither director will immediately serve on a Board committee; both are expected to join committees in the coming months.
- Both will sign indemnification agreements with the company, and the filing reports no related-party transactions.
Read the filing on SEC.gov ↗
Aug 5, 6:43 AM ET
Kennametal reported fiscal fourth-quarter 2026 sales of $737 million, up 43% from a year earlier, with diluted EPS of $2.91 versus $0.28 and record adjusted EPS of $2.96. For fiscal 2026, diluted EPS was $4.42 versus $1.20, but operating cash flow was negative $4 million as working capital rose, including higher inventory from tungsten price increases. The company gave fiscal 2027 adjusted EPS guidance of $4.15 to $5.15 and sales guidance of $3.33 billion to $3.45 billion.
- Q4 fiscal 2026 sales of $737 million rose 43%, with organic growth of 42%; Metal Cutting sales were $398 million and Infrastructure sales were $339 million
- Fiscal 2026 diluted EPS was $4.42 and adjusted EPS was a record $4.57; free operating cash flow was negative $79 million versus positive $121 million a year earlier
- Fiscal 2027 outlook: first-quarter adjusted EPS of $2.50 to $2.80 and annual adjusted EPS of $4.15 to $5.15; quarterly dividend of $0.20 per share payable August 25, 2026
Read the filing on SEC.gov ↗
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