---
schema_version: "secwatch.filing_event.v1"
accession: "0000055242-23-000035"
form_type: "8-K"
ticker: "KMT"
cik: "0000055242"
company_name: "KENNAMETAL INC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T19:33:53.165590+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kennametal FY23 EPS down to $1.46; guides FY24 EPS $1.75-$2.15

## Summary
- 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.

## SEC filing metadata
- accession: 0000055242-23-000035
- form_type: 8-K
- ticker: KMT
- cik: 0000055242
- company_name: KENNAMETAL INC
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55242/000005524223000035/0000055242-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55242/000005524223000035/kmt-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055242-23-000035
- JSON: https://secwatch.observer/filing/0000055242-23-000035.json
- Plain text: https://secwatch.observer/filing/0000055242-23-000035.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/55242/000005524223000035/0000055242-23-000035-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/55242/000005524223000035/0000055242-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.