Kennametal Q3 sales beat expectations

Kennametal

06/05/2026 11:44

Overview

U.S. industrial tooling firm's fiscal Q3 sales rose 22%, beating analyst expectations

Adjusted EPS for fiscal Q3 climbed, beating analyst expectations

Company raised full-year sales and adjusted EPS outlook, citing higher tungsten prices and volumes

Outlook

Kennametal raises full-year 2026 sales outlook to $2.33-$2.35 bln

Company expects full-year 2026 adjusted EPS of $3.75-$4.00

Result Drivers

VOLUME GROWTH - Higher sales and production volumes contributed to improved results, supported by growth initiatives and improving end markets

PRICING AND TARIFFS - Pricing and tariff surcharges in Metal Cutting segment boosted operating income

Company press release: ID:nPn1YtlPCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$592.59 mln
$564.93 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$0.77
$0.67 (8 Analysts)
Q3 EPS
$0.75
Q3 Net Income
$61.12 mln
Q3 Gross Profit
$207.98 mln
Q3 Operating Income
$79.43 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "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 $37.50, about 0% above its May 5 closing price of $37.51

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 19 three months ago

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.)