secwatch.observer — SEC 8-K summary
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Issuer:     KENNAMETAL INC (KMT)
CIK:        0000055242
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0000055242-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55242/000005524224000005/0000055242-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55242/000005524224000005/kmt-20240202.htm
  HTML page:      https://secwatch.observer/filing/0000055242-24-000005

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