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Kennametal Inc. (KMT)
NYSE:KMT
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.6Last Year’s EPS
0.47Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a generally positive operational and financial picture: management raised full‑year sales guidance, expects meaningful price realization (~11% FY, ~13% Q3) and sizable EPS timing benefits (≈$0.95 YoY), and maintains strong liquidity (~$779M available). At the same time, significant tungsten price volatility has created working capital pressure and some timing distortions to volumes (Q2 buy‑ahead) and deferred some EMEA savings into later periods. The positive impacts from pricing, cost actions, commercial wins, and a healthy balance sheet outweigh the near‑term headwinds related to raw‑material volatility and restructuring timing.Company Guidance
Raised Full-Year Sales Outlook
FY2026 sales guidance increased to $2.19B–$2.25B, reflecting additional pricing actions tied to rising tungsten costs and an expected net price and tariff surcharge of ~11% with ~2% FX tailwind.
Strong EPS and Timing Benefits
Updated adjusted EPS guidance of $2.45–$2.50 includes an approximate $0.95 year‑over‑year benefit related to the timing of price realization versus raw material costs; Q3 adjusted EPS guided to $0.50–$0.60 and includes ~$0.30 YoY PriceRock timing benefit.
Healthy Liquidity and Balance Sheet
Combined cash and revolver availability of about $779M; revolver capacity $650M (matures Nov 2030); company reports being well within financial covenants and no near‑term debt refinancing requirements.
Pricing Realization and Volume Improvements
Company expects price and tariff realization of ~13% in Q3; full‑year volumes guided flat to +3% (management referenced a current full‑year volume projection around ~1.5%) and noted sequential improvement (Q1 ~-1%, Q2 ~flat after a ~$13M buy‑ahead, Q3 midpoint adjusted to +1%).
Operational and Cost Actions
Updated outlook includes $30M of savings tied to restructuring actions; management reiterated broader structural cost improvement and lean transformation initiatives with an objective to reach higher run‑rate savings (management referenced a targeted run‑rate near $125M by end of next fiscal year).
Commercial Wins and Market Positioning
Management highlighted project wins across commercial segments including aerospace & defense share gains, mining (Earthworks) wins, energy (including power generation for AI data centers), and new product/partner initiatives in general engineering and digital machining.
Supply Confidence and Sourcing Diversity
Despite sharp tungsten price increases, the company reports diversified sourcing (including recycled material and a Bolivia facility), long‑term supplier agreements, limited dependence on Chinese material outside China, and confidence in meeting near‑term supply needs.
Cash Flow and Capex
Capex guidance unchanged; free operating cash flow expected to be approximately 60% of adjusted net income (reflecting additional working capital needs due to rising tungsten costs).
KMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $35.58 | $38.16 | +7.24% |
Nov 05, 2025 | $21.83 | $24.95 | +14.29% |
Aug 06, 2025 | $24.57 | $20.09 | -18.22% |
May 07, 2025 | $19.20 | $19.14 | -0.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kennametal Inc. (KMT) report earnings?
Kennametal Inc. (KMT) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Kennametal Inc. (KMT) earnings time?
Kennametal Inc. (KMT) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KMT EPS forecast?
KMT EPS forecast for the fiscal quarter 2026 (Q3) is 0.6.