secwatch.observer — SEC 8-K summary
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Issuer:     KENNAMETAL INC (KMT)
CIK:        0000055242
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000055242-23-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55242/000005524223000047/0000055242-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55242/000005524223000047/kmt-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000055242-23-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer