Kennametal (KMT) Q3 2025 Earnings Call May 07, 2025 09:30 AM ET Speaker0 Good morning. I would like to welcome everyone to Kennametal's Third Quarter and Fiscal twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Please note this event is being recorded. I would now like to turn the conference over to Michael Pisci, Vice President of Investor Relations. Please go ahead. Spea ...

Kennametal (KMT) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 80.77%. A quarter ago, it was expected that this engineered products maker would post earnings of $0.25 per share when it actually produced earnings of $0.25, delivering no surprise.Over the last four quarters, the compa ...

FY25 Third Quarter Earnings Call Presentation May 7, 2025 Q3 FY25 EARNINGS Safe Harbor Statement Certain statements in this release may be forward-looking in nature, or "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements that do not relate strictly to historical or current facts. For example, statements about Kennametal's outlook for sales, adjusted operating income, adj ...

Exhibit 99.1 DATE: May 7, 2025 PITTSBURGH, (May 7, 2025) – Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2025 third quarter ended March 31, 2025, with sales of $486 million compared to $516 million in the prior year quarter, and earnings per diluted share (EPS) of $0.41 compared to $0.24 in the prior year quarter. The current quarter pre-tax results include a benefit of approximately $10 million from an advanced manufacturing production credit under the Inflation Reductio ...

Earnings per diluted share (EPS) of $0.41 and adjusted EPS of $0.47, compared to $0.24 and $0.30, respectively, in the prior year quarter Returned approximately $40 million to shareholders; $25 million in share repurchases and $15 million in dividends Company provides updated annual OutlookPITTSBURGH, May 7, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2025 third quarter ended March 31, 2025, with sales of $486 million compared to $516 million in th ...

Group 1 - Kennametal Inc. announced the election of Shelley Bausch to its Board of Directors, effective May 1, 2025, replacing Cindy L. Davis, who will retire on September 1, 2025 [1] - Shelley Bausch has over 30 years of experience in leading global manufacturing businesses, with a strong track record in driving growth and transforming businesses [3] - Bausch previously served as President of Global Industrial Coatings at Axalta, where she led various industrial coatings businesses and expanded into new markets [2][4] Group 2 - William M. Lambert, Chairman of Kennametal's Board, expressed confidence in Bausch's ability to contribute to the company's strategy and shareholder value [3] - Sanjay Chowbey, President & CEO of Kennametal, highlighted Bausch's expertise in operational excellence, strategic execution, and P&L leadership [3] - Kennametal has over 85 years of experience in industrial technology, generating $2 billion in revenues in fiscal 2024, and employs approximately 8,400 people globally [8]

Company Overview - Kennametal Inc. is an industrial technology leader with over 85 years of experience, focusing on materials science, tooling, and wear-resistant solutions [1] - The company serves customers in various sectors including aerospace and defense, earthworks, energy, general engineering, and transportation [1] - Kennametal employs approximately 8,400 individuals across nearly 100 countries [1] Financial Performance - In fiscal 2024, Kennametal generated revenues of $2 billion [1] Upcoming Events - Kennametal will attend the BofA Securities Industrials, Transportation and Airlines Key Leaders Conference 2025 in New York City on May 14, 2025 [1] - Key attendees from Kennametal include Sanjay Chowbey (President and CEO), Patrick Watson (Vice President and CFO), and Michael Pici (Vice President, Investor Relations) [1]

Company Overview - Kennametal Inc. is an industrial technology leader with over 85 years of experience, focusing on materials science, tooling, and wear-resistant solutions [1] - The company serves customers in various sectors including aerospace and defense, earthworks, energy, general engineering, and transportation [1] - Kennametal employs approximately 8,400 individuals across nearly 100 countries [1] Financial Performance - In fiscal year 2024, Kennametal generated revenues of $2 billion [1] Upcoming Events - Kennametal will host its third quarter fiscal year 2025 earnings call on May 7, 2025, at 9:30 am ET [1] - The press release and presentation will be available on the company's website before market on the same day [1] - The conference call will be broadcast via real-time audio on Kennametal's investor relations website [3]

Core Viewpoint - Kennametal Inc. (KMT) has underperformed in operational performance due to business weaknesses and high operational expenses, leading to disappointing investor sentiment [1]. Business Performance - The Metal Cutting segment has experienced a 4% year-over-year revenue decline in the second quarter of fiscal 2025, attributed to decreased demand in the transportation end market [2]. - The Infrastructure segment also faced challenges, with organic revenues declining 4% year-over-year in the same quarter due to reduced industrial activity and lower customer capital investment [3]. Revenue Expectations - KMT anticipates revenues for fiscal 2025 to be between $1.95 billion and $2.0 billion, indicating a year-over-year decrease of approximately 3.5% at the midpoint [4]. Stock Performance - Over the past six months, KMT's stock has declined by 11.5%, compared to a 5.3% decline in the industry [7]. Operating Expenses - The company's operating expenses rose by 1.8% year-over-year in the second quarter of fiscal 2025, with operating expenses as a percentage of total revenues increasing by 100 basis points to 22.7% [7]. - The Metal Cutting segment's operating margin decreased by 10 basis points due to higher wages, inflation, and manufacturing costs [8]. Foreign Exchange Impact - KMT's global operations expose it to foreign exchange risks, which negatively impacted the Metal Cutting segment's revenues by 1% in the first half of fiscal 2025 [8]. Earnings Estimates - The Zacks Consensus Estimate for KMT's fiscal 2025 earnings has decreased from $1.44 per share to $1.17, with four downward revisions and no upward revisions [9]. - The consensus estimate for fiscal 2026 earnings has also declined from $1.60 per share to $1.37, reflecting similar downward revisions [9].

Company Overview - Kennametal Inc. is an industrial technology leader with over 85 years of experience, providing productivity solutions through materials science, tooling, and wear-resistant solutions [5] - The company serves customers in various sectors including aerospace, defense, earthworks, energy, general engineering, and transportation, employing approximately 8,400 people in nearly 100 countries [5] - Kennametal generated $2 billion in revenues in fiscal 2024 [5] Recognition and Awards - Mandy Lv, Senior Analyst Logistics at Kennametal, has been recognized as a 2025 Women MAKE Award Honoree by The Manufacturing Institute, joining 130 other women honorees from various companies [2][3] - This award highlights women in science, technology, engineering, and production careers who demonstrate leadership within their organizations [2] Contributions and Initiatives - Mandy Lv's expertise in customs compliance and international logistics, along with her leadership in Lean initiatives, has led to significant productivity improvements within Kennametal [3] - She established a Six Sigma Green Belt program at her local facility, certifying several employees in value stream mapping, setup reduction, and total productive maintenance [3] - Lv is also an advocate for mental health awareness, volunteering her counseling services since 2020 and leading her site's employee club to enhance employee engagement [4] Industry Context - The Manufacturing Institute focuses on building a resilient manufacturing workforce, addressing workforce challenges, and promoting community prosperity [6] - As a nonprofit affiliate of the National Association of Manufacturers, the Institute provides solutions to manufacturers to enhance competitiveness in the industry [6]