earnings
confidence high
sentiment neutral
materiality 0.75
Kennametal Q4 EPS $0.47, FY24 adj EPS $1.50; new $200M buyback; FY25 guide adj EPS $1.30-1.70
KENNAMETAL INC
2024-FY EPS reported
$1.37
revenue$2,046,899,000
- Q4 EPS $0.47 (adj $0.49) vs $0.45 (adj $0.51) prior year; FY24 EPS $1.37 (adj $1.50) vs $1.46 (adj $1.52).
- Q4 sales $543M (-1% YoY); FY sales $2,047M (-2% YoY); cash from ops $277M, highest % of sales in 25 years.
- Returned $129M to shareholders in FY24: $65.4M buybacks (completed initial $200M program) and $63.4M dividends; new $200M buyback program for FY25.
- FY25 guidance: Q1 sales $480-500M, adj EPS $0.20-0.30; FY sales $2.0-2.1B, adj EPS $1.30-1.70; FOCF >125% adj net income.
- Restructuring savings $21M in FY24; tornado charges $4M at Rogers, AR facility; insurance claim pending.