Kennametal Q3 EPS $0.24 (adj. $0.30); sales down 4%; lowers FY2024 outlook

KENNAMETAL INC

2024-Q3 EPS reported $0.90 revenue$1,503,591,000

Sales $516M, down 4% YoY; EPS $0.24 vs $0.39; adjusted EPS $0.30.
Operating margin 6.8% (8.1% adj.) vs 9.8% prior; YTD free cash flow $84M vs $60M.
Lowers FY2024 guidance: sales now $2.03-$2.05B, adjusted EPS $1.40-$1.55.
CEO Christopher Rossi to leave end of May; Sanjay Chowbey to succeed.
Quarterly dividend $0.20/share declared, payable May 28; $31M returned to shareholders.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KENNAMETAL INC reported fiscal 2024 third quarter ended March 31, 2024 results: revenue $516 million, EPS $0.24. Guidance reaffirmed.

Period: fiscal 2024 third quarter ended March 31, 2024
Revenue: $516 million
EPS: $0.24
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2024 third quarter ended March 31, 2024, with sales of $516 million, compared to $536 million in the prior year quarter, and earnings per diluted share (EPS) of $0.24, compared with $0.39 in the prior year quarter.

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Source: SEC EDGAR

accession 0000055242-24-000021

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