Strong Project Wins and Market Share Gains
Infrastructure secured 2 large project wins within Earthworks, with additional wins in Energy, Aerospace, and Defense, and Transportation. These wins helped increase market share in high-growth sectors.
Improved Sales and EPS Outlook
Kennametal raised its FY '26 sales and EPS outlook, reflecting modestly improved market conditions, additional pricing actions, and favorable performance in the first quarter.
Organic Sales Growth After Market Weakness
Year-over-year sales increased 3% organically, marking the first quarter of organic growth in 2 years, showing relief from past broad market weakness.
Adjusted EBITDA Margin Improvement
Adjusted EBITDA margin increased to 15.3% from 14.3% in the prior year quarter, driven by improved pricing and restructuring savings.
Positive Price/Cost Dynamics
Implemented pricing actions in response to rising tungsten costs, confident in ability to offset these through price adjustments.