Kennametal raises fiscal 2026 outlook as third-quarter sales rise 22% to $593 million
Kennametal reported fiscal 2026 third-quarter sales of $593 million, up 22% from a year earlier, and diluted EPS of $0.75 versus $0.41. The company raised its full-year sales and adjusted EPS outlook, citing the unprecedented rise in tungsten pricing and stronger volume, but year-to-date operating cash flow fell to $70 million from $130 million, mainly due to higher inventory.
Key points
- Q3 sales of $593 million rose 22% (19% organic); operating income was $79 million, a 13.4% margin, versus $44 million a year earlier
- Diluted EPS was $0.75 versus $0.41; adjusted EPS was $0.77 versus $0.47 in the prior-year quarter
- Full-year fiscal 2026 outlook raised: sales of $2.33 to $2.35 billion and adjusted EPS of $3.75 to $4.00
- Nine-month free operating cash flow was $18 million versus $63 million; quarterly dividend of $0.20 per share is payable May 26, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.