secwatch.observer — SEC 8-K summary
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Issuer:     KENNAMETAL INC (KMT)
CIK:        0000055242
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000055242-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55242/000005524223000035/0000055242-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55242/000005524223000035/kmt-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000055242-23-000035

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