Every material Form 8-K Kennametal filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kennametal and its subsidiary Kennametal Europe GmbH entered into a $650 million unsecured five-year revolving credit agreement on November 17, 2025, replacing the company's prior credit agreement dated June 14, 2022. The new facility can be increased by up to $300 million at the company's request, and it includes a maximum consolidated leverage ratio covenant of 3.75:1.
Facility size: $650 million, unsecured, with a termination date of November 17, 2030
Replaces the Sixth Amended and Restated Credit Agreement dated June 14, 2022
Optional increase of up to $300 million, subject to lender agreement or adding lenders
Financial covenant requires a maximum Consolidated Leverage Ratio of 3.75:1 on a rolling four-quarter basis
Kennametal reported fiscal 2026 first-quarter sales of $498 million, up 3% from a year earlier, and adjusted EPS of $0.34, up 18%. The company raised its annual sales and adjusted EPS outlook, but free operating cash flow was negative $5 million, down from positive $21 million a year earlier, mainly due to higher inventory.
Sales of $498 million rose 3% (organic growth 3%); operating income was $38 million, a 7.5% margin
Diluted EPS was $0.30, up 8%; adjusted EPS was $0.34, up 18%
Full-year outlook: sales of $2.10 billion to $2.17 billion and adjusted EPS of $1.35 to $1.65
Free operating cash flow was negative $5 million, versus positive $21 million in the prior-year quarter
Kennametal reported fiscal fourth-quarter 2025 sales of $516 million, down 5% from $543 million, and diluted EPS of $0.28 versus $0.47 a year earlier. For fiscal 2025, diluted EPS was $1.20 versus $1.37, and the company expects fiscal 2026 adjusted EPS of $0.90 to $1.30, compared with fiscal 2025 adjusted EPS of $1.34, while it continues restructuring and footprint consolidation.
Q4 sales of $516 million, down 5% from $543 million; adjusted EPS of $0.34 versus $0.49
FY25 diluted EPS of $1.20 versus $1.37; adjusted EPS of $1.34 versus $1.50
FY26 outlook: sales of $1.95 to $2.05 billion and adjusted EPS of $0.90 to $1.30
Quarterly dividend of $0.20 per share declared, payable August 26, 2025
Kennametal director Steven H. Wunning, who has served on the Board since 2005 and chairs the Audit Committee, notified the company on July 27, 2025 that he will not stand for re-election and will retire at the October 2025 Annual Meeting of Shareowners. The Board also declared a quarterly cash dividend of $.20 per share, payable August 26, 2025 to holders of record on August 12, 2025.
Steven H. Wunning gave notice on July 27, 2025 that he will not run for re-election to the Board.
He will retire from the Board at the end of the Annual Meeting of Shareowners in October 2025.
Wunning has been a director since 2005 and is Chairman of the Audit Committee.
Quarterly cash dividend of $.20 per share declared July 29, 2025; payable August 26, 2025 to holders of record August 12, 2025.
Kennametal reported fiscal 2025 third-quarter results for the period ended March 31, 2025. Sales fell 6% to $486 million, while adjusted EPS rose to $0.47 from $0.30, helped by an approximately $10 million advanced manufacturing production credit under the Inflation Reduction Act. The company updated its full-year outlook, now expecting sales of $1.970 billion to $1.990 billion and adjusted EPS of $1.30 to $1.45.
Diluted EPS was $0.41 versus $0.24, and adjusted EPS was $0.47 versus $0.30, in the prior year quarter.
Sales of $486 million decreased 6% from $516 million, with an organic sales decline of 3%.
The quarter includes an approximately $10 million Inflation Reduction Act production credit within the Infrastructure segment.
Full-year fiscal 2025 outlook: sales of $1.970 billion to $1.990 billion and adjusted EPS of $1.30 to $1.45; quarterly dividend of $0.20 per share payable May 27, 2025.
Kennametal appointed Shelley Bausch, a recently retired Axalta president, to its Board of Directors effective May 1, 2025, and she will join the Audit Committee. Director Cindy Davis, who has served since 2012 and chairs the Compensation and Human Capital Committee, will retire from the Board on September 1, 2025. The filing does not name a successor to Davis as committee chair.
Bausch serves from May 1, 2025 until the October 2025 annual meeting, where she is proposed for election, and will sit on the Audit Committee.
Davis has been on the Board since 2012 and chairs the Compensation and Human Capital Committee; she retires September 1, 2025.
Bausch was President, Global Industrial Coatings at Axalta and previously spent 25 years at Dow Corning.
Kennametal entered a separation agreement with Franklin Cardenas on February 12, 2025, following his departure from the company, as previously reported in a January 15, 2025 filing. The agreement includes a general release of claims, restrictive covenants, and specified severance-related benefits such as a fiscal 2025 annual incentive payment at actual performance and continued equity vesting through August 15, 2025. The filing does not state his title or any financial amounts, so the direct financial effect on shareholders is not quantified.
Separation agreement dated February 12, 2025, with Franklin Cardenas, filed as Exhibit 10.1
Fiscal 2025 annual incentive payment at actual Company performance
Twelve months of health insurance subsidy and continued vesting of long-term incentive awards through August 15, 2025
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Kennametal filing is on SEC EDGAR ↗. 8-K briefs of other companies →