earnings
confidence high
sentiment positive
materiality 0.65
Kennametal Q3 FY2022: sales $512M, adj. EPS $0.47; margin up 280 bps
KENNAMETAL INC
2022-Q3 EPS reported
$1.22
revenue$1,482,441,000
- Sales $512M, +6% YoY (organic +8%); GAAP EPS $0.42, adjusted EPS $0.47 (vs $0.32 prior).
- Adjusted operating margin 11.4%, up 280 bps; Infrastructure segment sales +12%, Metal Cutting +2%.
- Repurchased $15M stock in Q3, $50M YTD under $200M program; quarterly dividend $0.20 declared.
- Outlook: Q4 sales $510-530M, adj. operating income ≥$55M; FY FOCF ~75% of adj. net income.
- CEO cites strong execution and pricing; China COVID shutdowns and Ukraine conflict noted as headwinds.