Kennametal Inc.
NYSE•KMT
CEO: Mr. Sanjay K. Chowbey
Sector: Industrials
Industry: Manufacturing - Tools & Accessories
Listing Date: 1943-01-01
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. It operates through two segments, Metal Cutting and Infrastructure. The Metal Cutting segment offers standard and custom products, including milling, hole making, turning, threading and toolmaking 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; airframes, aero engines, trucks and automobiles, ships, and various types of industrial equipment; and energy-related components for the oil and gas industry, as well as power generation. The segment 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, and integrated suppliers, as well as digital channels. The Infrastructure segment 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; critical wear components, tungsten penetrators, and armor solutions for aerospace and defense; and ceramics used by the packaging industry for metallization of films and papers. This segment offers its products primarily under the Kennametal brand through direct sales force and distributors. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.
Contact Information
525 William Penn Place, Suite 3300, Pittsburgh, PA, 15219, United States
412-248-8000
Market Cap
$2.91B
P/E (TTM)
26.7
35.4
Dividend Yield
2.1%
52W High
$42.03
52W Low
$17.30
52W Range
Rank49Top 66.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q2 2026 Data
Revenue
$529.50M+0.00%
4-Quarter Trend
EPS
$0.44+0.00%
4-Quarter Trend
FCF
$42.41M+0.00%
4-Quarter Trend
2026 Q2 Earnings Highlights
Key Highlights
Quarterly Sales Increased Ten Percent Total sales reached $529.5M for three months, reflecting 10% organic growth and 1% favorable currency effect.
Operating Income Nearly Doubled Operating income surged to $52.7M versus $31.7M prior period, driven by pricing and restructuring savings.
Diluted EPS Rises to $0.44 Diluted EPS was $0.44 for the quarter, significantly up from $0.23 reported in the prior year quarter.
Metal Cutting Operating Margin Strong Metal Cutting segment operating margin reached 9.0% for the quarter, up from 5.6% previously, showing pricing leverage.
Risk Factors
Inventory Levels Increased Substantially Inventories grew to $621.9M by period end, driven by rising tungsten prices impacting working capital needs.
Restructuring Charges Increased Six-month restructuring charges totaled $6.2M, up from $2.0M, related to ongoing competitiveness and facility actions.
Macroeconomic and Currency Pressures Business faces negative effects from foreign currency exchange and inflationary headwinds requiring ongoing price mitigation efforts.
Material Legal Claim Pending MachiningCloud lawsuit seeking over $330M is pending; outcome uncertainty could materially affect financial results if unfavorable.
Outlook
Strong Liquidity Maintained Company maintains investment grade ratings; sufficient resources available to meet cash requirements for the next twelve months.
New Credit Facility Secured Entered five-year revolving credit facility providing $650.0M availability; no borrowings outstanding as of December 31, 2025.
Continued Shareholder Payouts Paid $30.4M in dividends over six months; $10M common stock repurchased under the three-year program.
Peer Comparison
Revenue (TTM)
$8.50B
$4.01B
$3.00B
Gross Margin (Latest Quarter)
55.1%
44.2%
37.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| KMT | $2.91B | 26.7 | 8.6% | 24.8% |
| HLIO | $2.13B | 43.8 | 5.3% | 7.3% |
| CECO | $1.94B | 38.8 | 16.5% | 2.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.9%
Moderate Growth
4Q Net Income CAGR
2.5%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 5, 2026
EPS:-
|Revenue:-
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Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
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Income Statement | LTM |
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