Kennametal Q2 Earnings Call Highlights

Profitability improved sharply year-over-year. The company posted an adjusted EBITDA margin of 17.1% versus 13.9% in the prior-year quarter, while adjusted EPS rose to $0.47 from $0.25. CFO Pat Watson said margins benefited from favorable price-versus-raw-material timing—particularly within Infrastructure—along with higher pricing and tariff surcharges in Metal Cutting, higher sales and production volumes in Metal Cutting, and $8 million in year-over-year restructuring savings. Those tailwinds were partly o ...