Quarterly ResultMay 6, 2026, 06:52 AM
Kennametal Q3 Sales $593M, EPS $0.75; Raises Annual Outlook
AI Summary
Kennametal reported strong fiscal Q3 2026 results, with sales increasing 22% to $593 million and diluted EPS rising 85% to $0.75. Adjusted EPS also saw a significant increase of 65% to $0.77. The company attributed the strong performance to an unprecedented rise in tungsten pricing and stronger volume, exceeding its sales and adjusted EPS outlook. Consequently, Kennametal raised its full fiscal year 2026 sales and adjusted EPS outlook. The Board also declared a quarterly cash dividend of $0.20 per share.
Key Highlights
- Q3 2026 sales increased 22% to $593 million, with organic sales growth of 19%.
- Operating income for Q3 2026 rose 80% to $79 million.
- Diluted EPS for Q3 2026 was $0.75, an 85% increase; adjusted EPS was $0.77, up 65%.
- Metal Cutting segment sales grew 18% to $358 million.
- Infrastructure segment sales increased 29% to $235 million.
- Fiscal 2026 sales outlook raised to $2.33 - $2.35 billion.
- Fiscal 2026 adjusted EPS outlook raised to $3.75 - $4.00.
- Board declared a quarterly cash dividend of $0.20 per share.