Earnings Performance - Kennametal reported quarterly earnings of $0.25 per share, matching the Zacks Consensus Estimate, but down from $0.30 per share a year ago [1] - The company had previously expected earnings of $0.25 per share, but actually reported $0.29, resulting in a surprise of 16% [1] - Over the last four quarters, Kennametal has surpassed consensus EPS estimates two times [1] Revenue Performance - The company posted revenues of $482.05 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.33% [2] - This revenue figure is a decline from $495.32 million in the same quarter last year [2] - Kennametal has topped consensus revenue estimates two times over the last four quarters [2] Stock Performance and Outlook - Kennametal shares have decreased by approximately 2.3% since the beginning of the year, while the S&P 500 has gained 2.7% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $511 million, and for the current fiscal year, it is $1.43 on revenues of $2.01 billion [7] Industry Context - The Manufacturing - Tools & Related Products industry, to which Kennametal belongs, is currently ranked in the top 35% of over 250 Zacks industries [8] - Research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]

Exhibit 99.1 FOR IMMEDIATE RELEASE: DATE: February 5, 2025 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.com Kennametal Announces Fiscal 2025 Second Quarter Results PITTSBURGH, (February 5, 2025) – Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2025 second quarter ended December 31, 2024, with sales of $482 million compared to $495 million in the prior ...

Core Insights - Kennametal Inc. reported a decline in sales and earnings for the second quarter of fiscal 2025, with sales of $482 million, down 3% from $495 million in the prior year quarter, and earnings per diluted share (EPS) of $0.23 compared to $0.29 in the prior year quarter [1][3][8] Financial Performance - The company achieved an adjusted EPS of $0.25, down from $0.30 in the prior year quarter [1][8] - Operating income increased to $32 million, representing a margin of 6.6%, compared to $28 million and a margin of 5.7% in the prior year quarter [6][29] - Year-to-date net cash flow from operating activities was $101 million, up from $88 million in the prior year period, with free operating cash flow (FOCF) of $57 million compared to $36 million in the prior year [8][32] Market Conditions - The company noted weakening conditions in several end markets, particularly in EMEA, leading to a reduction in the full-year outlook [2][8] - Organic sales declined by 6%, partially offset by a favorable business days effect of 3% [3][34] Restructuring and Cost Management - Kennametal achieved approximately $6 million in incremental year-over-year restructuring savings, contributing to an annualized run rate pre-tax savings of about $35 million [4][6] - Additional restructuring actions announced on January 14, 2025, are expected to deliver annualized run rate pre-tax savings of approximately $15 million by the end of fiscal 2025 [5][8] Segment Performance - Metal Cutting sales decreased by 4% to $298 million, with an operating income margin of 5.6%, down from 8.2% in the prior year quarter [13][29] - Infrastructure sales remained flat at $184 million, with an operating income margin of 8.5%, significantly improved from 1.8% in the prior year quarter [14][29] Dividend and Share Repurchase - The company declared a quarterly cash dividend of $0.20 per share, payable on February 25, 2025 [17] - During the quarter, Kennametal repurchased 525 thousand shares for $15 million, with a total of 1.1 million shares repurchased for $30 million under a $200 million program [10][8]

Core Insights - Kennametal Inc. has elected Douglas Dietrich to its Board of Directors, effective February 1, 2025, bringing over 30 years of industry experience [1][2] - Dietrich is currently the Executive Chairman and CEO of Minerals Technologies, where he has driven transformative change through strategic and operational leadership [2][3] - His expertise in strategy, innovation, and targeted M&A is expected to enhance Kennametal's growth and shareholder value [2][3] Company Overview - Kennametal has over 85 years of experience as an industrial technology leader, focusing on materials science, tooling, and wear-resistant solutions [7] - The company serves various sectors including aerospace, defense, energy, and transportation, employing approximately 8,400 people in nearly 100 countries [7] - Kennametal generated $2 billion in revenues in fiscal 2024 [7] Douglas Dietrich's Background - Dietrich has held key management positions at Minerals Technologies since joining in 2007, including Senior Vice President of Finance and Chief Financial Officer [4] - Prior to his role at Minerals Technologies, he held several leadership positions at Alcoa Inc., contributing to various sectors within the company [5] - Dietrich holds a Bachelor of Science in Mechanical Engineering from the University of Michigan and an MBA in Finance from The Wharton School at the University of Pennsylvania [6]

Company Overview - Kennametal Inc. has over 85 years of experience as an industrial technology leader, focusing on materials science, tooling, and wear-resistant solutions [2] - The company serves various sectors including aerospace and defense, earthworks, energy, general engineering, and transportation, helping customers manufacture with precision and efficiency [2] - Approximately 8,400 employees work across nearly 100 countries to support customer competitiveness [2] - Kennametal generated $2 billion in revenues in fiscal 2024 [2] Upcoming Events - Kennametal will attend the Barclays 42nd Annual Industrial Select Conference in Miami, Florida on February 19, 2025 [1] - Key attendees from the company include Patrick Watson, Vice President and Chief Financial Officer, and Michael Pici, Vice President of Investor Relations [1]

PITTSBURGH, Jan. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its second quarter fiscal year 2025 earnings call on Wednesday, February 5, 2025. The press release and presentation will be available on the Company's website before market on February 5.  Details of the conference call and webcast are as follows: When: Wednesday, February 5, 2025, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEOPatrick Watson, Vice President and CFO Webcast:  The conference call ...

PITTSBURGH, Jan. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that Faisal Hamadi, currently Vice President of Kennametal's Value Creation Systems, will succeed Franklin Cardenas as President of the Company's Infrastructure segment, effective January 20, 2025."I want to thank Franklin for his years of service and many contributions to Kennametal," said Sanjay Chowbey, President and CEO. "We wish him success in his future endeavors and appreciate his ongoing partnership with Faisal to ...

Core Viewpoint - Kennametal Inc. is experiencing growth in its Infrastructure segment, particularly in aerospace & defense and energy markets, despite challenges in other areas [1][7]. Group 1: Financial Performance - The Infrastructure segment's revenues increased by 0.4% year over year in Q1 of fiscal 2025 [1]. - The company expects revenues for fiscal 2025 to be between $2.0 billion and $2.1 billion, indicating a year-over-year decrease of 1.4% at the midpoint [7]. - In the first three months of fiscal 2025, Kennametal paid out $15.6 million in dividends and repurchased shares worth $15 million [4]. Group 2: Market Trends and Opportunities - Positive trends in key end markets include rising U.S. and international defense spending and digitalization [2]. - The company is benefiting from a diversified portfolio and investments in product development, with notable new products introduced [3]. Group 3: Operational Challenges - The Metal Cutting segment is facing revenue declines due to softness in the transportation end market and lower economic activity in general engineering [7]. - Operating expenses have been high, leading to a 130 basis point decrease in operating margin in Q1 of fiscal 2025 due to increased wages and inflation [8].

Core Viewpoint - Kennametal Inc. is positioned for growth due to strong performance in its Infrastructure segment and shareholder-friendly policies [1][4][6] Company Overview - Kennametal, based in Latrobe, PA, manufactures and distributes high-speed metal cutting tools, tooling systems, and wear-resistant parts, serving various end markets including aerospace, transportation, and energy [2] Business Strength - The Infrastructure segment is performing well, driven by increased demand in aerospace & defense and energy markets, despite softness in other areas [4] - Positive trends in key markets include rising U.S. and international defense spending and digitalization [4] Product Development - The company benefits from a diversified portfolio and ongoing investments in product development, with notable new products introduced [5] - A new metal cutting inserts manufacturing facility was established in Bengaluru, India, to meet growing demand [5] Shareholder Policies - Kennametal is committed to rewarding shareholders through dividends and share buybacks, distributing $15.6 million in dividends and repurchasing $15 million in shares in Q1 of fiscal 2025 [6] - In fiscal 2024, the company distributed $63.4 million in dividends and repurchased $65.4 million in shares [6] Segmental Weakness - The Metal Cutting segment is experiencing revenue declines due to decreased demand in the transportation market and lower project activity in general engineering [7] - Revenue expectations for fiscal 2025 are projected to be between $2.0 billion and $2.1 billion, indicating a year-over-year decrease of 1.4% at the midpoint [7] Cost Challenges - Kennametal faces high operating expenses, with operating expenses as a percentage of total revenues rising to 23.2% [8] - The operating margin decreased by 130 basis points in Q1 of fiscal 2025 due to higher wages and inflationary pressures [9]

Kennametal Inc. (KMT) is benefiting from the strong performance of the Infrastructure segment, driven by strength in the aerospace & defense and energy end markets arising from favorable order timing. The segment’s revenues increased 0.4% year over year in the first quarter of fiscal 2025 (ended September 2024). Despite the ongoing softness across the majority of end markets, the company is witnessing several positive trends in its key end markets that hold promise for its long-term growth. This includes an ...