Kennametal Q2 FY23 EPS $0.27 vs $0.37; sales $497M, +2% YoY with 11% organic growth

KENNAMETAL INC

2023-Q2 EPS reported $0.61 revenue$991,913,000

GAAP EPS $0.27, down from $0.37; no adjusted EPS reported for current quarter (prior year adj. EPS $0.35).
Operating income $35M (7.1% margin) vs $48M (9.8%) prior year; raw material costs $23M headwind.
Metal Cutting sales flat at $299M, operating margin 8.8%; Infrastructure sales +5% to $198M, margin 5.1%.
FY23 outlook: adj. EPS $1.30-$1.70, sales $2.05-$2.1B; Q3 sales expected $520-$540M.
Dividend $0.20/share declared payable Feb 28, 2023; $11M in share repurchases during quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KENNAMETAL INC reported fiscal 2023 second quarter ended December 31, 2022 results: revenue $497 million, EPS $0.27. Guidance reaffirmed.

Period: fiscal 2023 second quarter ended December 31, 2022
Revenue: $497 million
EPS: $0.27
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Lori Lecker PHONE: 412-248-8287 PHONE: 412-248-8224 kelly.boyer@kennametal.com lori.lecker@kennametal.com Kennametal Announces Fiscal 2023 Second Quarter Results • Sales of $497 million increased 2 percent year-over-year, driven by 11 percent organic growth • Sales growth driven by pricing actions and end market resiliency, especially in the Americas and EMEA •

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Source: SEC EDGAR

accession 0000055242-23-000009

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