$KMT

Kennametal (KMT) discussed its Q4 2026 earnings call, citing full-year organic sales up 19% year over year on price and modest volume. Adjusted EPS rose to $4.57 from $1.34, and adjusted EBITDA margin increased to 26.9% from 15.2%. Free cash flow was negative, with operating cash flow -$4 million and free operating cash flow -$79 million, due to working capital tied to tungsten costs. The company also outlined a $110 million savings target by end of fiscal 2027.

Kennametal (KMT) Q2 results showed year-on-year growth, but the stock fell. Management attributed performance to price increases tied to elevated tungsten costs and strength in aerospace, defense, energy and AI data center end markets. CFO Patrick Watson discussed normalized EPS around $1.64, $27 million restructuring savings, and free cash flow pressure from working capital tied to raw materials.

Morgan Stanley downgraded Kennametal to Underweight from Equalweight and cut its price target to $27 from $31, according to the note cited in the article. The stock is shown at $33.13, down 2.13% on the day.

Morgan Stanley downgraded Kennametal (NYSE:KMT) to Underweight from Equalweight and cut its price target to $27 from $31. The firm cited a tungsten price spike of over 500% since Aug 2025 and the temporary raw-material timing benefit. Kennametal guided FY2027 EPS $4.15 to $5.15, including $3.50 benefit.

Kennametal (NYSE:KMT) shares rose more than 12% pre-market after the company reported fiscal Q4 adjusted EPS of $2.96 versus $2.32 expected, and revenue of $736.6 million versus $723.3 million expected. It guided Q1 FY2027 adjusted EPS $2.50-$2.80 (vs $1.62) and raised FY2027 outlook.

Kennametal reported fiscal 2026 organic sales growth of 19%, citing pricing actions to offset record tungsten costs and shifts toward aerospace and defense, including CFRP machining tools. It expects fiscal 2027 sales of $3.33B to $3.45B, volume growth of 1% to 4%, and restructuring savings totaling $110M by 2027. EPS headwinds include a $0.23 FX impact and $0.25 interest drag.

Kennametal (KMT) Q&A with CFO Pat Watson and CEO Sanjay Chaalbe covered fiscal 2027 normalization of EPS by removing tungsten timing effects, with Q1 free cash flow expected to be about a $200 million cash draw and positive in Q3. Volume guidance is 1% to 4%, driven by 1% to 2% share gains. Q4 FY27 EBITDA margins are expected in the mid-teens.

Kennametal (NYSE:KMT) reported Q2 CY2026 revenue of $736.6 million, up 42.6% year on year and 1.3% above estimates, according to the company. Next-quarter revenue guidance has a $760 million midpoint, and adjusted EPS was $2.96, 28.4% above consensus. The stock rose 14.2% to $41.19 after results.

Kennametal Inc. (KMT) reported fourth-quarter results and issued FY2027 adjusted guidance. For Q1, it expects adjusted EPS of $2.50 to $2.80 on sales of $745M to $775M. For FY2026, it projects adjusted EPS of $4.15 to $5.15 on sales of $3.33B to $3.45B. The board declared a $0.20 quarterly dividend payable Aug. 25, 2026.

KENNAMETAL INC (KMT) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 kmt6302026exhibit991.htm EX-99.1 Document Exhibit 99.1 FOR IMMEDIATE RELEASE: DATE: August 5, 2026 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.co