Kennametal Inc. is a global industrial technology leader specializing in the development and application of tungsten carbides, ceramics, and super-hard materials for metal cutting and extreme wear applications. The company provides high-performance tooling, engineered components, and advanced materials to industries such as aerospace, defense, energy, transportation, and earthworks. Its products enable precision manufacturing and efficient operations in challenging environments like high temperatures and corrosion.
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Metal Cutting - Offers high-performance tooling and metal cutting products, including milling, hole making, turning, threading, and toolmaking systems. Serves industries such as aerospace, defense, energy, and transportation, with products marketed under brands like Kennametal®, WIDIA®, WIDIA Hanita®, and WIDIA GTD®.
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Infrastructure - Produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders. Supplies industries like aerospace, defense, energy, and earthworks, with products marketed primarily under the Kennametal® brand.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Carlonda R. Reilly Executive | Vice President and Chief Technology Officer | None | Carlonda R. Reilly has been VP and CTO since September 2018, leading innovation strategies at Kennametal. | |
Faisal Hamadi Executive | Vice President and President of Infrastructure Business Segment | None | Faisal Hamadi joined Kennametal in July 2024 and became President of the Infrastructure Business Segment on January 20, 2025. | |
Judith L. Bacchus Executive | Vice President and Chief Administrative Officer | None | Judith L. Bacchus has been VP and Chief Administrative Officer since May 2019, previously serving in various HR roles since 2011. | |
Michelle R. Keating Executive | Vice President, Secretary, and General Counsel | None | Michelle R. Keating has been VP, Secretary, and General Counsel since December 2016, with a tenure at Kennametal starting in August 2011. | |
Patrick S. Watson Executive | Vice President Finance and CFO | None | Patrick S. Watson has been VP Finance and CFO since June 2022, with a career at Kennametal starting in 2011. | |
Sanjay Chowbey Executive | President and CEO | None | Sanjay Chowbey is the President and CEO of Kennametal Inc., having assumed the role on June 1, 2024. He joined Kennametal in 2021 as VP and President of the Metal Cutting segment. | View Report → |
Douglas Dietrich Board | Board Member | Executive Chairman and CEO of Minerals Technologies Inc. | Douglas Dietrich joined the Kennametal Board on February 1, 2025, and is the Executive Chairman and CEO of Minerals Technologies Inc.. | |
Lorraine M. Martin Board | Board Member | President and CEO of the National Safety Council; Co-founder of Pegasus Springs Foundation; Board Member at IperionX Limited | Lorraine M. Martin has been a director since 2018, with over 35 years of experience in the aerospace industry. | |
Steven H. Wunning Board | Board Member and Chair of the Audit Committee | Board Member at Summit Materials, Inc.; Board of Trustees at Missouri University of Science and Technology | Steven H. Wunning has been a director since 2005, with extensive experience in global operations and finance. | |
William M. Lambert Board | Chairman of the Board | Board Member at MSA Safety Incorporated | William M. Lambert has been the Chairman of the Board since November 1, 2023, and has extensive experience in global manufacturing and finance. |
- Given the continued decline in the Transportation and General Engineering end markets in EMEA and the Americas, what specific strategies are you implementing to mitigate these challenges and drive growth in these regions?
- With adjusted operating margins decreasing in both the Metal Cutting and Infrastructure segments due to lower sales volumes and higher inflation, how do you plan to combat these margin pressures and improve profitability moving forward?
- You've mentioned expectations of a slight recovery in industrial production and oil rig counts in the second half of Fiscal 2025; what factors give you confidence in this anticipated improvement despite the current macroeconomic headwinds?
- Despite realizing $35 million in annualized savings from your restructuring program, margins have continued to decline. How are you ensuring that these savings translate into improved financial performance, and are additional cost-saving measures being considered?
- Considering the higher wage and general inflation impacting your operating margins, what actions are you taking to offset these costs, and how might these efforts affect your competitive positioning in the market?
Research analysts who have asked questions during KENNAMETAL earnings calls.
Julian Mitchell
Barclays Investment Bank
5 questions for KMT
Steve Barger
KeyBanc Capital Markets Inc.
4 questions for KMT
Tami Zakaria
JPMorgan Chase & Co.
4 questions for KMT
Angel Castillo Malpica
Morgan Stanley
3 questions for KMT
Steven Fisher
UBS
3 questions for KMT
Angel Castillo
Morgan Stanley
2 questions for KMT
Joseph Ritchie
Goldman Sachs
2 questions for KMT
Michael Feniger
Bank of America
2 questions for KMT
Stephen Volkmann
Jefferies
2 questions for KMT
Christopher Dankert
Loop Capital Markets
1 question for KMT
Jacob Moore
Sidoti & Company, LLC
1 question for KMT
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Immaterial Business Combination Acquisition | 2024 | The acquisition involved a total consideration of approximately $6.5 million with goodwill between $3.6 million and $3.8 million recorded in the Metal Cutting segment. This move aligns with the company’s strategy to expand into new markets and add complementary product offerings, though its impact is considered immaterial overall. |
Recent press releases and 8-K filings for KMT.
- KMT reported Q1 FY26 sales of $498 million, achieving 3% organic growth, and adjusted EPS of $0.34 per share, marking the first quarter of organic growth in two years.
- The company generated $17 million in cash from operations but recorded negative Free Operating Cash Flow (FOCF) of $(5) million for Q1 FY26.
- KMT returned $25 million to shareholders in Q1 FY26, comprising $10 million in share repurchases and $15 million in dividends.
- For Q2 FY26, KMT anticipates sales between $500 million and $520 million and adjusted EPS between $0.30 and $0.40. The full-year FY26 outlook projects sales between $2.10 billion and $2.17 billion and adjusted EPS in the range of $1.35 to $1.65.
- KMT reported strong Q1 2026 results, with sales up 3% organically year-over-year and adjusted EPS of $0.34, both exceeding previous outlooks.
- This marks the company's first quarter of organic growth in two years, supported by $8 million in restructuring savings.
- The company updated its fiscal year 2026 outlook, now expecting sales between $2.1 billion and $2.17 billion and adjusted EPS in the range of $1.35 to $1.65.
- KMT returned $25 million to shareholders in Q1 2026 through $10 million in share repurchases and $15 million in dividends.
- Despite rising tungsten costs, which are at historically high levels, KMT remains confident in its ability to offset the impact through pricing actions.
- Kennametal Inc. reported Q1 2026 sales of $498 million, a 3% increase on both a reported and organic basis, and adjusted diluted EPS of $0.34, up 18%.
- The company returned approximately $25 million to shareholders in Q1 2026, comprising $10 million in share repurchases and $15 million in dividends.
- Kennametal raised its fiscal year 2026 outlook, now expecting sales between $2.100 billion and $2.170 billion and adjusted EPS between $1.35 and $1.65.
- Kennametal reported fiscal 2026 first quarter sales of $498 million, an increase of 3% on both a reported and organic basis compared to the prior year quarter.
- The company's adjusted EPS for the first quarter was $0.34, an 18% increase from the prior year.
- Kennametal raised its fiscal 2026 annual outlook, with sales now expected to be $2.100 - $2.170 billion and adjusted EPS expected to be $1.35 - $1.65.
- The company returned approximately $25 million to shareholders in the quarter, consisting of $10 million in share repurchases and $15 million in dividends.
- Almonty Industries has acquired the Gentung-Browns Lake tungsten project in Montana for approximately $9.75 million, aiming to reestablish U.S. domestic tungsten production.
- The company plans to begin extraction by late 2026, pending permit approvals, leveraging existing infrastructure to accelerate timelines and reduce capital costs.
- This strategic acquisition addresses a critical supply gap, with Almonty actively negotiating supply agreements with the U.S. Department of Defense.
- Almonty's shares surged over 600% in the past year, reflecting strong market demand and investor interest in critical minerals amidst supply chain concerns.
- Kennametal Inc. reported Q4 FY25 adjusted EPS of $0.34 and sales of $516 million, representing a 5% organic decline year-over-year, while full-year FY25 adjusted EPS was $1.34 on sales of $1.967 billion, a 4% organic decline.
- The company returned $20 million to shareholders in Q4 FY25 through $5 million in share repurchases and $15 million in dividends, contributing to a total of $122 million returned for the full fiscal year 2025.
- Market challenges, including lower global industrial activity, higher wages, general inflation, and tariffs, continued to pressure results, partially offset by price increases and restructuring savings.
- For FY26, Kennametal Inc. anticipates sales between $1.95 billion and $2.05 billion and adjusted EPS in the range of $0.90 to $1.30.
- Kennametal reported diluted EPS of $0.41 and adjusted EPS of $0.47 for Q3 2025, up from $0.24 and $0.30 in the prior year, reflecting improved profitability
- Total sales were $486M with a 3% organic decline, while adjusted EBITDA improved to $87M with margins rising from 14.2% to 17.9%, driven by successful cost initiatives
- Cost management benefits—including IRA credits, lower raw material costs, and restructuring savings—helped mitigate lower volumes
- The company returned approximately $40M to shareholders through $25M in share repurchases and $15M in dividends
- Updated fiscal 2025 outlook projects annual sales between $1.97–$1.99B and adjusted EPS of $1.30–$1.45