| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 592.59 | 11.9% | 21.8% |
| Total Income | 592.59 | 11.9% | 21.8% |
| Expenditure | 513.16 | 7.6% | 16.0% |
| PBT | 79.71 | 63.8% | 84.1% |
| Net Profit | 58.23 | 71.8% | 85.0% |
| OPM | 13.40% | 3.46pp | 4.35pp |
| NPM | 9.83% | 3.43pp | 3.35pp |
| EPS | 0.76 | 72.7% | 85.4% |
Kennametal Reports Q3 FY26 Sales Up 22% to $593 Million
06 May 2026 · 6 May, 4:22 pm
Summary
Kennametal Inc. reported a 22 percent increase in sales, reaching $593 million for the third quarter of fiscal year 2026. The company's operating income significantly increased by 80 percent to $79 million, resulting in a 13.4 percent margin. Adjusted EPS also saw a substantial rise of 65 percent, reaching $0.77. Due to these strong results, Kennametal is raising its annual sales and adjusted EPS outlook for fiscal year 2026. Sanjay Chowbey, President and CEO, noted that the results exceeded expectations due to the rise in tungsten pricing and stronger volume.
Key Highlights
- 1
Kennametal's sales of $593 million increased 22 percent in the third quarter of fiscal year 2026.
- 2
Organic sales grew by 19 percent, contributing to the overall sales increase.
- 3
Operating income rose 80 percent to $79 million, with a margin of 13.4 percent.
- 4
Adjusted earnings per diluted share (EPS) increased by 65 percent to $0.77.
- 5
The company is raising its annual sales and adjusted EPS outlook for fiscal year 2026.
- 6
Metal Cutting sales increased 18 percent to $358 million, driven by organic growth and favorable currency exchange.
- 7
Infrastructure sales increased 29 percent to $235 million, reflecting organic sales growth and currency exchange benefits.
Management Comments
Sanjay Chowbey
“Our third quarter results exceeded the high end of our sales and adjusted EPS Outlook, primarily due to the unprecedented rise in tungsten pricing and stronger volume.” Chowbey added: “Our team is advancing volume momentum from improving end markets, pursuing share gains through growth initiatives, and executing on opportunities in a dynamic tungsten market. Additionally, we are actively managing our tungsten supply chain and executing our strategy to drive long-term shareholder value.”
Informational and educational content only. Not investment advice.