secwatch.observer — SEC 8-K summary
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Issuer:     KENNAMETAL INC (KMT)
CIK:        0000055242
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000055242-24-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55242/000005524224000021/0000055242-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55242/000005524224000021/kmt-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000055242-24-000021

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