KMT Stock - Kennametal Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.97B | $2.05B | $2.08B | $2.01B | $1.84B |
| Gross Profit | $598.07M | $627.09M | $646.44M | $647.98M | $552.48M |
| Gross Margin | 30.4% | 30.6% | 31.1% | 32.2% | 30.0% |
| Operating Income | $143.12M | $170.22M | $192.42M | $218.14M | $102.17M |
| Net Income | $93.13M | $109.32M | $118.46M | $144.62M | $54.43M |
| Net Margin | 4.7% | 5.3% | 5.7% | 7.2% | 3.0% |
| EPS | $1.21 | $1.38 | $1.47 | $1.74 | $0.65 |
Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure. It offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in various industries, such as the manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. The company also provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to aerospace, general engineering, energy, and transportation customers. In addition, it produces compacts, nozzles, frac seats, and custom components used in oil and gas, and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. It provides its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force; a network of independent and national distributors; integrated supplier channels; and through the Internet. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 15th 2025 | UBS | Upgrade | Neutral | $21 |
| December 6th 2024 | Jefferies | Downgrade | Hold | $32← $40 |
| October 18th 2024 | BofA Securities | Downgrade | Underperform | $26 |
| January 8th 2024 | Morgan Stanley | Initiation | Equal Weight | $24 |
| July 8th 2022 | UBS | Downgrade | Sell | $19← $27 |
| April 6th 2022 | Loop Capital | Downgrade | Hold | $29← $41 |
Earnings History & Surprises
KMTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | $0.33 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.24 | $0.34 | +41.7% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $0.40 | $0.34 | -15.0% | ✗ MISS |
Q2 2025 | May 7, 2025 | $0.26 | $0.47 | +80.8% | ✓ BEAT |
Q1 2025 | Feb 5, 2025 | $0.27 | $0.25 | -7.4% | ✗ MISS |
Q4 2024 | Nov 6, 2024 | $0.26 | $0.29 | +11.5% | ✓ BEAT |
Q3 2024 | Aug 7, 2024 | $0.43 | $0.49 | +14.0% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $0.30 | $0.30 | 0.0% | = MET |
Q1 2024 | Feb 7, 2024 | $0.25 | $0.30 | +20.0% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $0.37 | $0.41 | +10.8% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $0.35 | $0.41 | +17.1% | ✓ BEAT |
Q2 2023 | May 1, 2023 | $0.34 | $0.39 | +14.7% | ✓ BEAT |
Q1 2023 | Feb 6, 2023 | $0.22 | $0.27 | +22.7% | ✓ BEAT |
Q4 2022 | Oct 31, 2022 | $0.37 | $0.34 | -8.1% | ✗ MISS |
Q3 2022 | Aug 1, 2022 | $0.46 | $0.53 | +15.2% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $0.43 | $0.47 | +9.3% | ✓ BEAT |
Q1 2022 | Feb 7, 2022 | $0.39 | $0.35 | -10.3% | ✗ MISS |
Q4 2021 | Nov 1, 2021 | $0.38 | $0.44 | +15.8% | ✓ BEAT |
Q3 2021 | Aug 2, 2021 | $0.40 | $0.53 | +32.5% | ✓ BEAT |
Latest News
Shares of companies in the broader machinery sector are trading higher. Stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term.
📈 PositiveUBS Maintains Neutral on Kennametal, Raises Price Target to $28
➖ NeutralJP Morgan Maintains Underweight on Kennametal, Raises Price Target to $25
➖ NeutralBarclays Maintains Equal-Weight on Kennametal, Raises Price Target to $25
➖ NeutralKennametal shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY26 guidance above estimates. Also, the company issued Q2 guidance above estimates.
📈 PositiveKennametal Expects Q2 Adj EPS Guidance Of $0.30-$0.40 vs $0.229 Est; Sales Guidance Of $500M-$520M vs $483.99M Est
📈 PositiveKennametal Raises FY2026 Adj EPS Guidance from $0.90-$1.30 to $1.35-$1.65 vs $1.09 Est; Raises FY2026 Sales Guidance from $1.950B-$2.050B to $2.100B-$2.170B vs $1.994B Est
📈 PositiveKennametal Q1 Adj. EPS $0.34 Beats $0.23 Estimate, Sales $497.974M Beat $476.934M Estimate
📈 PositiveJP Morgan Maintains Underweight on Kennametal, Raises Price Target to $22
➖ NeutralFrequently Asked Questions about KMT
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