Quarterly ResultMay 6, 2026, 04:29 PM
Kennametal Q3 Sales $592.6M, EPS $0.75; Net Income Up 85%
AI Summary
Kennametal Inc. reported strong financial results for the three and nine months ended March 31, 2026, with significant increases in sales, net income, and diluted EPS compared to the prior year. The company also completed restructuring initiatives and entered into a new five-year revolving credit facility. However, net cash flow from operating activities decreased, and inventories saw a substantial increase.
Key Highlights
- Kennametal Q3 Sales reached $592.6 million, up from $486.4 million in prior year.
- Q3 Net income attributable to Kennametal was $58.2 million, up from $31.5 million.
- Q3 Diluted earnings per share (EPS) increased to $0.75 from $0.41 year-over-year.
- Nine-month Sales totaled $1.62 billion, up from $1.45 billion in the prior year period.
- Nine-month Net income attributable to Kennametal was $115.4 million, up from $71.5 million.
- Net cash flow provided by operating activities for nine months decreased to $69.7 million from $129.7 million.
- Inventories increased to $747.3 million as of March 31, 2026, from $538.2 million at June 30, 2025.
- Entered a new five-year revolving credit facility with $15.3 million borrowings outstanding and $634.7 million available.
Price Impact
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