earnings
confidence high
sentiment positive
materiality 0.75
Kennametal FY22 EPS $1.72, up 165% YoY; Q4 EPS $0.50, adjusted $0.53 flat; sales $2.0B +9%
KENNAMETAL INC
2022-FY EPS reported
$1.72
revenue$2,012,456,000
- FY22 sales $2.0B, up 9% YoY (11% organic); Q4 sales $530M, up 3% (7% organic).
- FY22 GAAP EPS $1.72 vs $0.65; adjusted EPS $1.78 vs $1.04; Q4 GAAP EPS $0.50 vs $0.41.
- FY22 operating margin 10.8% (GAAP) and 11.1% (adjusted), up from 5.5% and 7.7% in FY21.
- Returned $152M to shareholders: $85M in share repurchases, $67M in dividends; dividend $0.20/qtr.
- Q1 FY23 outlook: sales $480-500M; adjusted operating income at least $45M; FX headwind $25-30M.