---
schema_version: "secwatch.filing_event.v1"
accession: "0000055242-24-000005"
form_type: "8-K"
ticker: "KMT"
cik: "0000055242"
company_name: "KENNAMETAL INC"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:26:11.253840+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kennametal Q2 EPS $0.29 flat sales; launches $200M buyback; cuts FY24 outlook

## Summary
- Q2 sales $495M flat YoY; organic sales down 3%; EPS $0.29 vs $0.27 prior year; adjusted EPS $0.30.
- Operating income $28M (5.7% margin) vs $35M (7.1%) prior year; restructuring savings enlarged to $35M by FY24 end.
- YTD cash from operations $88M vs $53M prior year; FOCF $36M vs $4M; returned $31M to shareholders ($15M buybacks, $16M dividends).
- Board authorized new $200M share repurchase program over three years; $0.20 quarterly dividend declared.
- Lowered FY24 guidance: sales $2.02-2.07B, adjusted EPS $1.35-1.65; Q3 sales $510-530M, adjusted EPS $0.25-0.35.

## SEC filing metadata
- accession: 0000055242-24-000005
- form_type: 8-K
- ticker: KMT
- cik: 0000055242
- company_name: KENNAMETAL INC
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55242/000005524224000005/0000055242-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55242/000005524224000005/kmt-20240202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055242-24-000005
- JSON: https://secwatch.observer/filing/0000055242-24-000005.json
- Plain text: https://secwatch.observer/filing/0000055242-24-000005.txt

## Key facts
- Earnings Releases
  KENNAMETAL INC reported fiscal 2024 second quarter ended December 31, 2023 results: revenue $495 million, EPS $0.29. Guidance lowered.
  - Period: fiscal 2024 second quarter ended December 31, 2023
  - Revenue: $495 million
  - EPS: $0.29
  - Guidance: lowered
  - Result: reported results
  source text: Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2024 second quarter ended December 31, 2023, with sales of $495 million, compared to $497 million in the prior year quarter, and earnings per diluted share (EPS) of $0.29, compared with $0.27 in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55242/000005524224000005/0000055242-24-000005-index.htm

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