Kennametal Q1 EPS $0.37 beats prior year; sales flat at $492M; guides FY adj EPS $1.75-$2.15

KENNAMETAL INC

2024-Q1 EPS reported $0.37 revenue$492,476,000

EPS $0.37 vs $0.34 YoY; adjusted EPS $0.41.
Sales $492M flat vs $495M; organic growth flat; China weaker than expected.
Metal Cutting sales +3% to $308M, op margin 10.4%; Infrastructure sales -5% to $184M, op margin 7.4%.
Operating cash flow $26M vs -$11M; returned $30M via dividends ($0.20/share) and $14M buybacks.
Q2 adj EPS guidance $0.20-$0.30; FY adj EPS $1.75-$2.15; sales $2.1-$2.2B; cost savings target $20M run-rate by FY end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KENNAMETAL INC reported fiscal 2024 first quarter ended September 30, 2023 results: revenue $492 million, EPS $0.37. Guidance reaffirmed.

Period: fiscal 2024 first quarter ended September 30, 2023
Revenue: $492 million
EPS: $0.37
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2024 first quarter ended September 30, 2023, with sales of $492 million, compared to $495 million in the prior year quarter, and earnings per diluted share (EPS) of $0.37, compared with $0.34 in the prior year quarter.

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Source: SEC EDGAR

accession 0000055242-23-000047

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