KENNAMETAL INC entered into Term Loan Credit Agreement with Bank of America, N.A., as administrative agent valued at $500,000,000 (effective 2026-05-28).
“Also on May 28, 2026, the Company entered into a $500,000,000 Term Loan Credit Agreement (the “Term Loan Credit Agreement”) with the several banks and other financial institutions or entities from time to time parties thereto (the “Term Loan Lenders”), PNC Bank, National Association and U.S. Bank National Association, as co-syndication agents, and Bank of America, N.A., as administrative agent.”
Material Agreements
KENNAMETAL INC entered into First Amendment to Seventh Amended and Restated Credit Agreement and Commitment Increase Amendment with Bank of America, N.A., as administrative agent (effective 2026-05-28).
“On May 28, 2026, Kennametal Inc. (the “Company”) and Kennametal Europe GmbH, a Swiss limited liability company and wholly-owned foreign subsidiary of the Company (“Kennametal Europe”), entered into a First Amendment to Seventh Amended and Restated Credit Agreement and Commitment Increase Amendment (the “First Amendment”) with the several banks and other financial institutions or entities from time to time parties thereto (the “Revolving Lenders”), Bank of America, N.A., London Branch, as euro swingline lender, PNC Bank, National Association, BNP Paribas and U.S. Bank National Association, as co-syndication agents, Citizens Bank, N.A., as documentation agent, and Bank of America, N.A., as administrative agent.”
Material Agreements
KENNAMETAL INC entered into Fifth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $300,000,000 (effective 2026-05-28).
“the Fifth Supplemental Indenture dated May 28, 2026 (the “Fifth Supplemental Indenture”) between Kennametal and U.S. Bank, as trustee”
Debt Financings
KENNAMETAL INC incurred senior notes of $300,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 5.800% maturing May 28, 2036.
“On May 28, 2026 Kennametal Inc., a Pennsylvania corporation (“Kennametal” or the “Company”), completed the public offer and sale of $300,000,000 aggregate principal amount of the Company’s 5.800% Senior Notes due May 28, 2036 (the “Notes”).”
Earnings Releases
KENNAMETAL INC reported fiscal 2026 third quarter ended March 31, 2026 results: revenue $593 million, EPS $0.75. Guidance raised.
“Sales of $593 million increased 22 percent from $486 million in the prior year quarter”
Debt Financings
KENNAMETAL INC incurred revolving credit of $650 million with Bank of America, N.A., as administrative agent at Term SOFR plus the Term SOFR Applicable Margin maturing November 17, 2030.
“On November 17, 2025, Kennametal Inc. (the “Company”) and Kennametal Europe GmbH, a Swiss limited liability company and wholly-owned foreign subsidiary of the Company (“Kennametal Europe”), entered into an unsecured $650 million five-year Seventh Amended and Restated Credit Agreement (the “Agreement”) with the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Bank of America , N.A., London Branch, as euro swingline lender, PNC Bank, National Association, BNP Paribas and U.S. Bank National Association, as co-syndication agents, Citizens Bank, N.A., as documentation agent, and Bank of America, N.A., as administrative agent.”
Cindy L. Davis departed as Member of the Board of Directors at KENNAMETAL INC.
“Cindy L. Davis provided notice to the Company that she does not intend to run for re-election to the Board at the Annual Meeting of Shareowners to be held in October 2025. She will retire from the Board as of September 1, 2025.”
Shelley Bausch was appointed as Member of the Board of Directors at KENNAMETAL INC.
“the appointment of Shelley Bausch, age 60, to serve as a member of the Board of Directors to hold office from May 1, 2025”
Franklin Cardenas departed as other_named_officer at KENNAMETAL INC.
“Mr. Franklin Cardenas leaving the Company.”
Doug Dietrich was appointed as member of the Board of Directors at KENNAMETAL INC.
“On January 28, 2025, the Board of Directors (the “Board”) of Kennametal Inc. (the “Company”) announced the appointment of Doug Dietrich, age 55, to serve as a member of the Board of Directors to hold office from February 1, 2025 until the Annual Meeting of Shareholders in October 2025”
Franklin Cardenas departed as Vice President, Kennametal Inc. and President, Infrastructure Business Segment at KENNAMETAL INC.
“Mr. Hamadi succeeds Mr. Franklin Cardenas, the Company’s current Vice President, Kennametal Inc. and President, Infrastructure Business Segment, who has served in the role from February 20, 2020 to date and will cease serving in such role effective January 20, 2025.”
Faisal Hamadi was appointed as Vice President, Kennametal Inc. and President, Infrastructure Business Segment at KENNAMETAL INC.
“On January 13, 2025, the Board of Directors (the “Board”) of Kennametal Inc. (the “Company” or “Kennametal”) announced the appointment of Faisal Hamadi, age 40, to serve as Vice President, Kennametal Inc. and President, Infrastructure Business Segment effective January 20, 2025.”
Restructurings & Charges
KENNAMETAL INC announced a restructuring with charges of pre-tax charges of approximately $25 million affecting Metal Cutting segment (certain professional headcount).
“The Company expects to incur pre-tax charges of approximately $25 million in connection with the execution of these actions; of which approximately $10 million is for cash-related facilities charges, approximately $10 million is for severance-related cash expenditures and approximately $5 million is for non-cash facilities charges.”
C. David Bersaglini was appointed as Vice President, Kennametal Inc. and President, Metal Cutting Business Segment at KENNAMETAL INC.
“the election of C. David Bersaglini ("Mr. Bersaglini") to serve as a Vice President, Kennametal Inc. and President, Metal Cutting Business Segment, effective as of August 26, 2024.”
Lawrence W. Stranghoener departed as Director at KENNAMETAL INC.
“Lawrence W. Stranghoener provided notice to the Company that he does not intend to run for re-election to the Board at the Annual Meeting of Shareowners to be held in October 2024. He will retire from the Board at the end of that meeting.”
C. David Bersaglini was appointed as Vice President and President, Metal Cutting Business Segment at KENNAMETAL INC.
“elected C. David Bersaglini to serve as Vice President and President, Metal Cutting Business Segment effective on or about August 26, 2024.”
Earnings Releases
KENNAMETAL INC reported fiscal 2024 third quarter ended March 31, 2024 results: revenue $516 million, EPS $0.24. Guidance reaffirmed.
“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.”
Sanjay Chowbey was appointed as Director at KENNAMETAL INC.
“Mr. Chowbey has also been appointed to serve as a member of the Board of Directors to hold office from June 1, 2024”
Sanjay Chowbey was appointed as President and Chief Executive Officer at KENNAMETAL INC.
“the Board announced the appointment of Mr. Sanjay Chowbey to serve as Kennametal’s President and Chief Executive Officer starting on June 1, 2024.”
Shareholder Votes
KENNAMETAL INC shareholders approved Advisory vote on the frequency of the advisory vote on the compensation paid to the Company's named executive officers (say-on-pay) at the 2023-10-24 meeting.
“in a non-binding advisory vote on the frequency of the advisory vote on the compensation paid to the Company's named executive officers (say-on-pay), the Company’s shareholders voted in favor of holding say-on-pay votes every year”
Earnings Releases
KENNAMETAL INC reported fiscal 2024 second quarter ended December 31, 2023 results: revenue $495 million, EPS $0.29. Guidance lowered.
“Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2024 second quarter ended December 31, 2023, with sales of $495 million, compared to $497 million in the prior year quarter, and earnings per diluted share (EPS) of $0.29, compared with $0.27 in the prior year quarter.”
Earnings Releases
KENNAMETAL INC reported fiscal 2024 first quarter ended September 30, 2023 results: revenue $492 million, EPS $0.37. Guidance reaffirmed.
“Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2024 first quarter ended September 30, 2023, with sales of $492 million, compared to $495 million in the prior year quarter, and earnings per diluted share (EPS) of $0.37, compared with $0.34 in the prior year quarter.”
Shareholder Votes
KENNAMETAL INC shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-10-24 meeting.
“IV. The advisory vote on the frequency of future advisory votes on executive compensation: For One Year For Two Years For Three Years Abstained Broker Non-Votes Frequency of future advisory votes on executive compensation 68,459,578 24,540 4,462,505 53,081 2,828,892”
Shareholder Votes
KENNAMETAL INC shareholders approved Advisory vote on executive compensation paid to the Company's named executive officers at the 2023-10-24 meeting.
“III. The advisory vote on executive compensation paid to the Company's named executive officers, as disclosed in the Company's proxy statement, was approved on an advisory basis by the following vote: For Against Abstained Broker Non-Votes Executive compensation 71,671,535 1,207,619 120,550 2,828,892”
Shareholder Votes
KENNAMETAL INC shareholders approved Ratification of the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2024 at the 2023-10-24 meeting.
“II. The ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2024 was approved by the following vote: For Against Abstained PricewaterhouseCoopers LLP 74,664,938 1,030,104 133,554”
Shareholder Votes
KENNAMETAL INC shareholders approved Election of ten directors with terms to expire in 2024 at the 2023-10-24 meeting.
“I. The ten directors listed below were elected to serve as directors until the next annual meeting of Shareowners in 2024 and until their successors are duly elected and qualified by the following vote: For Withheld Broker Non-Votes Joseph Alvarado 70,291,234 2,708,470 2,828,892 Cindy L. Davis 70,355,842 2,643,862 2,828,892 William J. Harvey 65,134,057 7,865,647 2,828,892 William M. Lambert 72,606,672 393,032 2,828,892 Lorraine M. Martin 72,592,131 407,573 2,828,892 Sagar A. Patel 72,504,637 495,067 2,828,892 Christopher Rossi 72,311,773 687,931 2,828,892 Paul Sternlieb 72,782,919 216,785 2,828,892 Lawrence W. Stranghoener 70,468,052 2,531,652 2,828,892 Steven H. Wunning 70,402,110 2,597,594 2,828,892”
Lawrence W. Stranghoener changed role as Chairman of the Board at KENNAMETAL INC.
“succeeding Lawrence W. Stranghoener who held the position since July 1, 2018”
William M. Lambert was appointed as Chairman of the Board at KENNAMETAL INC.
“On October 26, 2023, the Board of Directors (“Board”) of Kennametal Inc. (the “Company”) announced that Mr. William M. Lambert has been appointed Chairman of the Board to take effect on November 1, 2023, succeeding Lawrence W. Stranghoener...”
Earnings Releases
KENNAMETAL INC reported the fiscal year ended June 30, 2023 results: revenue $2.1 billion, EPS $1.46. Guidance initiated.
“FY23 sales increased 3 percent year-over-year to $2.1 billion; 9 percent on an organic basis • FY23 earnings per diluted share (EPS) of $1.46 and adjusted EPS of $1.52 • Q4 sales increased 4 percent year-over-year to $550 million; 7 percent on an organic basis • Returned $114 million to shareholders in FY23; $49 million in share repurchases and $65 million in dividends • Strong cash from operations of $258 million and FOCF of $169 million; highest FOCF in the last eight years • Provides FY24 Q1 and annual Outlook”
Earnings Releases
KENNAMETAL INC reported the fiscal fourth quarter ended June 30, 2023 results: revenue $550 million, EPS $0.45. Guidance initiated.
“to $2.1 billion; 9 percent on an organic basis • FY23 earnings per diluted share (EPS) of $1.46 and adjusted EPS of $1.52 • Q4 sales increased 4 percent year-over-year to $550 million; 7 percent on an organic basis • Returned $114 million to shareholders in FY23; $49 million in share repurchases and $65 million in dividends • Strong cash from operations of”
Restructurings & Charges
KENNAMETAL INC announced a restructuring with charges of approximately $20 million.
“The Company expects to incur a pre-tax charge of approximately $20 million in connection with the execution of this initiative, which is anticipated to be primarily severance-related cash expenditures.”
Earnings Releases
KENNAMETAL INC reported fiscal 2023 third quarter ended March 31, 2023 results: revenue $536 million, EPS $0.39. Guidance raised.
“Sales of $536 million increased 5 percent year-over-year, driven by 8 percent organic growth • Earnings per diluted share (EPS) of $0.39 • Returned approximately $23 million to shareholders; $7 million in share repurchases and $16 million in dividends • Strong cash from operations and FOCF; up 36 percent and 78 percent, respectively, year-over-year • Raising full year sales and EPS outlook”
Earnings Releases
KENNAMETAL INC reported fiscal 2023 second quarter ended December 31, 2022 results: revenue $497 million, EPS $0.27. Guidance reaffirmed.
“Lori Lecker PHONE: 412-248-8287 PHONE: 412-248-8224 kelly.boyer@kennametal.com lori.lecker@kennametal.com Kennametal Announces Fiscal 2023 Second Quarter Results • Sales of $497 million increased 2 percent year-over-year, driven by 11 percent organic growth • Sales growth driven by pricing actions and end market resiliency, especially in the Americas and EMEA •”
Paul Sternlieb was elected as Director at KENNAMETAL INC.
“This Amendment to our Current Report on Form 8-K filed on December 15, 2022 (the “Form 8-K”), is to provide information that was not determined or available at the time of the filing of the Form 8-K with respect to the election of Paul Sternlieb (“Mr. Sternlieb”) to serve as a Director on the Board of Directors (the “Board”) of Kennametal Inc. (the “Company”), effective as of January 1, 2023.”
Paul Sternlieb was appointed as Director at KENNAMETAL INC.
“On December 15, 2022, the Board of Directors (the “Board”) of Kennametal Inc. (the “Company”) announced the appointment of Paul Sternlieb, age 50, to serve as a member of the Board of Directors to hold office from January 1, 2023 until the Annual Meeting of Shareowners in October 2023.”
Earnings Releases
KENNAMETAL INC reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $495 million, EPS $0.34. Guidance initiated.
“Sales of $495 million increased 2 percent year-over-year • 9 percent organic sales growth offset by negative 7 percent foreign currency effect • Strong pricing actions continued to cover inflationary pressures • Earnings per diluted share (EPS) of $0.34 • Returned approximately $36 million to shareholders; $19 million in share repurchases and $16 million in dividends”
Shareholder Votes
KENNAMETAL INC shareholders approved Advisory vote on executive compensation paid to named executive officers. at the 2022-10-25 meeting.
“III. The advisory vote on executive compensation paid to the Company's named executive officers, as disclosed in the Company's proxy statement, was approved on an advisory basis by the following vote: For Against Abstained Broker Non-Votes Executive compensation 73,324,848 767,425 141,789 2,487,697”
Shareholder Votes
KENNAMETAL INC shareholders approved Ratification of selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending June 30, 2023. at the 2022-10-25 meeting.
“II. The ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2023 was approved by the following vote: For Against Abstained PricewaterhouseCoopers LLP 75,609,942 1,013,758 98,059”
Shareholder Votes
KENNAMETAL INC shareholders approved Election of nine directors to serve until next annual meeting in 2023. at the 2022-10-25 meeting.
“I. The nine directors listed below were elected to serve as directors until the next annual meeting of Shareowners in 2023 and until their successors are duly elected and qualified by the following vote: For Withheld Broker Non-Votes Joseph Alvarado 71,228,157 3,005,905 2,487,697 Cindy L. Davis 71,782,488 2,451,574 2,487,697 William J. Harvey 71,232,325 3,001,737 2,487,697 William M. Lambert 73,742,162 491,900 2,487,697 Lorraine M. Martin 73,754,082 479,980 2,487,697 Sagar A. Patel 73,635,473 598,589 2,487,697 Christopher Rossi 73,282,879 951,183 2,487,697 Lawrence W. Stranghoener 71,665,608 2,568,454 2,487,697 Steven H. Wunning 71,265,466 2,968,596 2,487,697”
Patrick S. Watson changed role as Vice President and Chief Financial Officer at KENNAMETAL INC.
“and will succeed Mr. Watson, who served as the Company's Corporate Controller since March 1, 2017.”
John W. Witt was appointed as Vice President Finance and Corporate Controller at KENNAMETAL INC.
“On June 20, 2022 Kennametal Inc. (“Kennametal” or the “Company”) approved John W. Witt to serve as Vice President Finance and Corporate Controller of the Company effective immediately.”
Patrick S. Watson was elected as Vice President and Chief Financial Officer at KENNAMETAL INC.
“the Board of Directors (the “Board”) of the Company elected Patrick S. Watson, on June 7, 2022, to serve as Vice President and Chief Financial Officer, effective June 9, 2022.”
Damon Audia resigned as Vice President and Chief Financial Officer at KENNAMETAL INC.
“On June 3, 2022, Mr. Damon Audia, Vice President and Chief Financial Officer, notified Kennametal Inc. (“Kennametal” or the “Company”) of his resignation from the Company to pursue another opportunity.”
Patrick S. Watson was appointed as Vice President Supply Chain and Logistics at KENNAMETAL INC.
“On March 4, 2022 Kennametal Inc. (“Kennametal” or the “Company”) approved Patrick S. Watson to serve as Vice President Supply Chain and Logistics.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.