secwatch.observer — SEC 8-K summary
======================================

Issuer:     KENNAMETAL INC (KMT)
CIK:        0000055242
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000055242-24-000050
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kennametal Q4 EPS $0.47, FY24 adj EPS $1.50; new $200M buyback; FY25 guide adj EPS $1.30-1.70
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55242/000005524224000050/0000055242-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55242/000005524224000050/kmt-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000055242-24-000050

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