8-K
filed August 1, 2023, 7:59 PM ET
ticker KMT
CIK 0000055242
earnings
confidence high
sentiment negative
materiality 0.70
Kennametal FY23 EPS down to $1.46; guides FY24 EPS $1.75-$2.15
KENNAMETAL INC
2023-FY EPS reported
$1.46
revenue$2,078,184,000
- FY23 EPS of $1.46 (adjusted $1.52) vs $1.72 (adj $1.78) prior year; Q4 EPS $0.45 (adj $0.51) vs $0.50 (adj $0.53).
- FY23 sales $2.078B (+3% YoY, +9% organic); Q4 sales $550M (+4%, +7% organic).
- FY24 annual guidance: adjusted EPS $1.75-$2.15, sales $2.1-$2.2B; Q1 adj EPS $0.30-$0.40 on sales $485-$510M.
- Returned $114M to shareholders in FY23 ($49M buybacks, $65M dividends); quarterly dividend $0.20/share declared.
- FOCF of $169M (highest in eight years); cash from ops $258M; FY24 FOCF expected to equal 100% of adjusted net income.
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 the fiscal year ended June 30, 2023 results: revenue $2.1 billion, EPS $1.46. Guidance initiated.
- Period
- the fiscal year ended June 30, 2023
- Revenue
- $2.1 billion
- EPS
- $1.46
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
FY23 sales increased 3 percent year-over-year to $2.1 billion; 9 percent on an organic basis • FY23 earnings per diluted share (EPS) of $1.46 and adjusted EPS of $1.52 • Q4 sales increased 4 percent year-over-year to $550 million; 7 percent on an organic basis • Returned $114 million to shareholders in FY23; $49 million in share repurchases and $65 million in dividends • Strong cash from operations of $258 million and FOCF of $169 million; highest FOCF in the last eight years • Provides FY24 Q1 and annual Outlook
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
KENNAMETAL INC reported the fiscal fourth quarter ended June 30, 2023 results: revenue $550 million, EPS $0.45. Guidance initiated.
- Period
- the fiscal fourth quarter ended June 30, 2023
- Revenue
- $550 million
- EPS
- $0.45
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
to $2.1 billion; 9 percent on an organic basis • FY23 earnings per diluted share (EPS) of $1.46 and adjusted EPS of $1.52 • Q4 sales increased 4 percent year-over-year to $550 million; 7 percent on an organic basis • Returned $114 million to shareholders in FY23; $49 million in share repurchases and $65 million in dividends • Strong cash from operations of
View on SEC.gov
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