Kennametal Q3 sales up 5% YoY, raises FY2023 adjusted EPS and sales outlook

KENNAMETAL INC

2023-Q3 EPS reported $1.01 revenue$1,527,949,000

EPS $0.39 (GAAP) vs $0.42 prior year; revenue $536M +5% YoY, organic +8%.
Metal Cutting op income $44M (13.1% margin) vs $30M; Infrastructure $10M (4.8%) vs $24M.
Raised FY2023 adjusted EPS guidance to $1.50-$1.70, sales to $2.07-$2.1B.
YTD net cash from operations $126M (+36% YoY); FOCF $60M (+78% YoY).
Declared $0.20 quarterly dividend; repurchased $7M shares 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 0.9

KENNAMETAL INC reported fiscal 2023 third quarter ended March 31, 2023 results: revenue $536 million, EPS $0.39. Guidance raised.

Period: fiscal 2023 third quarter ended March 31, 2023
Revenue: $536 million
EPS: $0.39
Guidance: raised
Result: reported results

Exact text from the filing

Sales of $536 million increased 5 percent year-over-year, driven by 8 percent organic growth • Earnings per diluted share (EPS) of $0.39 • Returned approximately $23 million to shareholders; $7 million in share repurchases and $16 million in dividends • Strong cash from operations and FOCF; up 36 percent and 78 percent, respectively, year-over-year • Raising full year sales and EPS outlook

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Source: SEC EDGAR

accession 0000055242-23-000018

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