Kennametal Q2 sales rise 10%, beat estimates

Kennametal

04/02/2026 11:39

Overview

Industrial tech firm's fiscal Q2 sales rose 10%, beating analyst expectations

Adjusted EPS for fiscal Q2 beat analyst expectations

Growth driven by tungsten pricing and market improvements

Outlook

Kennametal expects Q3 sales between $545 mln and $565 mln

Company anticipates full-year sales of $2.190 bln to $2.250 bln

Kennametal projects full-year adjusted EPS of $2.05 to $2.45

Result Drivers

TUNGSTEN PRICING - Sales growth driven by volume increase due to buy-ahead in response to tungsten pricing environment

PRICING AND TARIFFS - Operating income boosted by favorable pricing timing and tariff surcharges in Metal Cutting segment

RESTRUCTURING SAVINGS - Incremental restructuring savings contributed to operating income increase

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$529.53 mln
$522.95 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.47
$0.38 (8 Analysts)
Q2 EPS
$0.44
Q2 Net Income
$35.20 mln
Q2 Gross Profit
$173.87 mln
Q2 Operating Income
$52.66 mln
Q2 Pretax Profit
$48.67 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Kennametal Inc is $28.00, about 21.7% below its February 3 closing price of $35.76

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn4wfXZxa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)