Kennametal Q1 sales slightly miss estimates
KMT•Kennametal’s fiscal first-quarter sales rose 54% to $768.19 million, slightly below the $770.80 million consensus, while diluted EPS was a record $3.48. The company expects fiscal Q2 sales of $785 million to $815 million and raised its FY27 adjusted EPS outlook to $5.00-$6.00.
1. Quarterly results
Kennametal reported fiscal first-quarter sales of $768.19 million, up 54% but slightly below analyst estimates of $770.80 million. Diluted EPS was a record $3.48, and net income was $274.46 million.
2. Outlook and drivers
The company expects fiscal Q2 sales of $785 million to $815 million and FY27 sales of $3.33 billion to $3.45 billion. It raised its FY27 adjusted EPS outlook to $5.00-$6.00. Kennametal cited favorable timing of raw material-related pricing versus costs and higher Metal Cutting sales and production volumes; its Infrastructure segment also benefited from a $4 million advanced manufacturing production credit.
