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Kennametal appoints Dawne Hickton and Richard Harshman to board effective immediately
Hickton is Chair/CEO of Cumberland Additive; Harshman is former Chairman/President/CEO of ATI Inc.
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Kennametal Q4 sales up 43% to $737M; record adj. EPS $2.96; FY27 outlook issued
Q4 EPS $2.91, record adjusted EPS $2.96; FY26 EPS $4.42, record adjusted EPS $4.57.
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Kennametal declares $0.20 quarterly dividend, payable Aug 25, 2026
Quarterly cash dividend of $0.20 per share declared by Board on July 28, 2026.
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Kennametal appoints Joseph Alvarado as Chairman; William Lambert to retire in October
William Lambert to retire from Board and Chairman role at Oct 27, 2026 annual meeting.
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Kennametal appoints Amanda Cole as VP and CHRO; Judith Bacchus to retire
Amanda Cole appointed VP and Chief Human Resources Officer effective July 21, 2026; she joins from Wesco International.
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Kennametal expands credit facilities: revolver to $850M, new $500M term loan
Revolving credit facility increased from $650M to $850M via First Amendment on May 28, 2026.
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Kennametal issues $300M of 5.800% Senior Notes due 2036 to refinance 2028 notes
Issued $300M aggregate principal of 5.800% Senior Notes maturing May 28, 2036.
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Kennametal completes tender offer for $209M of 4.625% Senior Notes due 2028
Tender offer for any and all $300M 4.625% Senior Notes due 2028 expired; $209.4M principal tendered.
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Kennametal launches $300M tender for 4.625% notes due 2028; concurrent senior notes offering
Company commenced cash tender offer for any and all of its $300M 4.625% Senior Notes due 2028; expires May 26, 2026.
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Kennametal Q3 sales up 22% to $593M; adj EPS $0.77 beats outlook; raises annual guidance
Sales $593M (+22% YoY); organic growth 19%; operating income $79M (13.4% margin), up 80%.
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Kennametal declares quarterly dividend of $0.20 per share
Dividend of $0.20 per share declared by Board on April 28, 2026.
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Kennametal Q2 FY2026 sales $530M (+10% YoY); adj EPS $0.47 (+89%); raises annual outlook
Sales $530M (+10% YoY); operating income $53M (9.9% margin); adj operating income $56M (10.5% margin).
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Kennametal declares $0.20 quarterly dividend, payable Feb 24, 2026
Quarterly cash dividend of $0.20 per share declared on January 27, 2026.
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Kennametal enters $650M unsecured 5-year revolving credit facility, maturing Nov 2030
Facility replaces existing $650M Sixth Amended Credit Agreement dated June 2022.
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Kennametal Q1 sales $498M (+3%), adjusted EPS $0.34 (+18%), raises FY2026 outlook
Sales $498M (+3% YoY); adjusted operating income $41M (+11%); adjusted EPS $0.34 (+18%).
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Kennametal declares $0.20 quarterly dividend, holds annual meeting
Declared quarterly cash dividend of $0.20 per share, payable Nov 24, 2025 to holders of record Nov 10, 2025.
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Kennametal Q4 adj EPS $0.34 vs $0.49 YoY; FY26 guidance below FY25 levels
Q4 sales $516M (-5% YoY); adjusted EPS $0.34 vs $0.49; reported EPS $0.28.
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Kennametal director Steven Wunning to retire; quarterly dividend of $0.20 declared
Steven H. Wunning, director since 2005 and Audit Committee Chair, will not seek re-election and will retire at the October 2025 annual meeting.
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Kennametal completes sale of Goshen, IN subsidiary for $19M; immaterial pre-tax loss
Sold Kennametal Stellite, L.P. (surface coating/welding) to a Chicago-based private equity firm.
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Kennametal Q3 adjusted EPS $0.47 beats prior year on sales down 6%; updates FY outlook
EPS of $0.41 (adjusted $0.47) vs $0.24 ($0.30) prior year; adjusted EPS exceeded prior outlook.
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Kennametal appoints Shelley Bausch to Board; Cindy L. Davis to retire Sep 1
Shelley Bausch, age 60, joins Kennametal Board effective May 1, 2025; will serve on Audit Committee.
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Kennametal declares $0.20 quarterly dividend, payable May 27, 2025
Quarterly cash dividend of $0.20 per share declared on April 29, 2025.
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Kennametal finalizes separation agreement with Franklin Cardenas; $458,889 severance, vesting through Aug 15
Cardenas's employment terminates without cause on April 1, 2025; garden leave from Jan 20 to April 1 as VP Special Projects.
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Kennametal Q2 FY25 sales $482M, EPS $0.23, lowers FY outlook on EMEA weakness
Sales $482M, down 3% YoY; GAAP EPS $0.23 vs $0.29, adjusted EPS $0.25 vs $0.30.
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Kennametal appoints Doug Dietrich to board; declares $0.20 quarterly dividend
Douglas Dietrich, Chairman/CEO of Minerals Technologies, appointed to board effective Feb 1, 2025.
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Kennametal appoints Faisal Hamadi as President of Infrastructure segment, effective Jan 20, 2025
Faisal Hamadi succeeds Franklin Cardenas; Cardenas stays through April 1, 2025.
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Kennametal announces plant closures and headcount cuts; expects $25M pre-tax charges
Closing Greenfield, MA facility; ops cease April 2025, substantial completion by Dec 31, 2025.
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Kennametal Q1 sales $482M (-2%); EPS $0.28; adj EPS $0.29; guides FY adj EPS $1.30-1.70
Sales $482M, down 2% YoY; EPS $0.28 vs $0.37; adjusted EPS $0.29 vs $0.41.
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Kennametal declares $0.20 quarterly dividend; shareholders approve 2024 stock plan
Quarterly cash dividend of $0.20 per share declared, payable Nov 26, 2024 to holders of record Nov 12, 2024.
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Kennametal appoints C. David Bersaglini as VP and President, Metal Cutting Segment, effective Aug 26, 2024
Base salary $520K; sign-on cash bonus $125K (repayable if voluntary termination within 1 year).
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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).
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Kennametal names David Bersaglini President of Metal Cutting; declares $0.20 dividend
David Bersaglini appointed VP and President of Metal Cutting segment effective Aug 26, 2024.
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Kennametal resumes Rogers, AR facility operations after May 26 tornado damage
Facility resumed operations on June 11 after tornado damage on May 26.
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Kennametal's Rogers, AR plant damaged by tornado; operations disrupted
Facility damaged by tornado early Sunday May 26; no employees onsite as plant was shut for holiday weekend.
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Kennametal Q3 EPS $0.24 (adj. $0.30); sales down 4%; lowers FY2024 outlook
Sales $516M, down 4% YoY; EPS $0.24 vs $0.39; adjusted EPS $0.30.
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Kennametal declares $0.20 quarterly cash dividend
Board declared a quarterly cash dividend of $0.20 per share.
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Kennametal appoints Sanjay Chowbey as CEO effective June 1, 2024; Christopher Rossi retires May 31
Christopher Rossi to retire as President & CEO on May 31, 2024 after nearly 7 years at the helm.
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Kennametal board adopts annual say-on-pay vote frequency following advisory vote
Shareholders at Oct 24, 2023 annual meeting voted non-binding in favor of annual say-on-pay.
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Kennametal Q2 EPS $0.29 flat sales; launches $200M buyback; cuts FY24 outlook
Q2 sales $495M flat YoY; organic sales down 3%; EPS $0.29 vs $0.27 prior year; adjusted EPS $0.30.
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Kennametal declares quarterly dividend of $0.20 per share
Quarterly cash dividend of $0.20 per share declared by Board of Directors.
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Kennametal Q1 EPS $0.37 beats prior year; sales flat at $492M; guides FY adj EPS $1.75-$2.15
EPS $0.37 vs $0.34 YoY; adjusted EPS $0.41.
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Kennametal appoints William M. Lambert as Chairman, declares $0.20 quarterly dividend
William M. Lambert becomes Chairman effective Nov 1, 2023, succeeding Lawrence Stranghoener who remains on board.
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Kennametal FY23 EPS down to $1.46; guides FY24 EPS $1.75-$2.15
FY23 EPS of $1.46 (adjusted $1.52) vs $1.72 (adj $1.78) prior year; Q4 EPS $0.45 (adj $0.51) vs $0.50 (adj $0.53).
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Kennametal starts cost restructuring; expects $20M annual savings, $20M charge
Initiates action to streamline cost structure; expects ~$20M annualized pre-tax savings by end of FY2024.
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Kennametal Q3 sales up 5% YoY, raises FY2023 adjusted EPS and sales outlook
EPS $0.39 (GAAP) vs $0.42 prior year; revenue $536M +5% YoY, organic +8%.
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Kennametal Q2 FY23 EPS $0.27 vs $0.37; sales $497M, +2% YoY with 11% organic growth
GAAP EPS $0.27, down from $0.37; no adjusted EPS reported for current quarter (prior year adj. EPS $0.35).
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Kennametal appoints Paul Sternlieb to Audit Committee
Paul Sternlieb elected as Director effective January 1, 2023.
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Kennametal appoints Enerpac CEO Paul Sternlieb to Board effective Jan 1, 2023
Paul Sternlieb, President & CEO of Enerpac Tool Group, elected to Kennametal board effective January 1, 2023.
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Kennametal Q1 FY2023 EPS $0.34 vs $0.43 YoY; sales $495M; guides FY adjusted EPS $1.30-$1.70
Sales $495M, up 2% YoY; organic growth 9% offset by 7% FX headwind.
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Kennametal FY22 EPS $1.72, up 165% YoY; Q4 EPS $0.50, adjusted $0.53 flat; sales $2.0B +9%
FY22 sales $2.0B, up 9% YoY (11% organic); Q4 sales $530M, up 3% (7% organic).