Every material Form 8-K Kennametal filed with the SEC in 2026, 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 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.
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.
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.
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
Kennametal's Board said Chairman William Lambert will retire from the Board, including his Chairman role, at the conclusion of the October 27, 2026 annual shareholder meeting. The Board has appointed director Joseph Alvarado as his successor, effective October 28, 2026.
Lambert has served on the Board since March 2016 and as Chairman since October 2023.
Alvarado becomes incoming Chairman effective October 28, 2026.
Alvarado has been a director since 2018 and has chaired the Nominating/Corporate Governance Committee since 2023.
Alvarado is the retired Chairman, President and CEO of Commercial Metals Company.
Kennametal appointed Amanda Cole as Vice President and Chief Human Resources Officer, effective July 21, 2026, succeeding Judith Bacchus, who will retire on or about October 1, 2026. Cole is joining from Wesco International, where she served as a human resources vice president, and her compensation includes a $375,000 base salary and a $300,000 special long-term incentive grant.
Amanda Cole starts as Vice President and Chief Human Resources Officer on July 21, 2026, reporting to CEO Sanjay Chowbey.
Judith Bacchus, who has held the HR role since June 1, 2011, will remain as Vice President and Chief Administrative Officer until she retires on or about October 1, 2026.
Cole receives a $375,000 annual base salary, a $58,000 sign-on bonus, and a $300,000 special RSU grant on August 1, 2026, with a fiscal 2027 target bonus of 50% of base salary.
On May 28, 2026, Kennametal signed a $500 million unsecured delayed draw term loan and amended its revolving credit agreement, raising total commitments by $200 million to $850 million. The new term loan adds debt that the company may draw in up to three draws through September 30, 2026, and the revolver matures November 17, 2030.
$500 million unsecured delayed draw term loan dated May 28, 2026, maturing three years after the initial borrowing
Revolving commitments increased by $200 million, from $650 million to $850 million, with a maturity of November 17, 2030
Both agreements require a maximum Consolidated Leverage Ratio of 3.75:1 on a rolling four-quarter basis
Kennametal completed a $300 million sale of 5.800% senior notes due May 28, 2036, with net proceeds of about $295.9 million. The company plans to use the proceeds to fund its concurrent tender offer for its 4.625% senior notes due 2028, with any excess used for general corporate purposes.
Notes: $300,000,000 aggregate principal, 5.800% coupon, due May 28, 2036
Estimated net proceeds of approximately $295,932,716 after underwriters' discount and offering expenses
Proceeds earmarked to buy 2028 Notes tendered in a concurrent tender offer; excess may repay other debt
Underwriters include BofA Securities, BNP Paribas Securities and PNC Capital Markets, under an agreement dated May 19, 2026
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.
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
Kennametal reported fiscal 2026 second-quarter sales of $530 million, up 10 percent, and GAAP diluted EPS of $0.44 versus $0.23 a year earlier. The company raised its annual sales and adjusted EPS outlook, with annual adjusted EPS now expected at $2.05 to $2.45, though year-to-date operating cash flow and free operating cash flow declined.
Q2 sales $530 million vs $482 million prior year; operating income $53 million vs $32 million
Diluted EPS $0.44 vs $0.23; adjusted EPS $0.47 vs $0.25 prior year
Annual outlook: sales $2.190 to $2.250 billion; adjusted EPS $2.05 to $2.45
Six-month operating cash flow $73 million vs $101 million; free operating cash flow $38 million vs $57 million
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 →