FY26 Second Quarter Earnings Call Presentation February 4, 2026 Q2 FY26 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 incom ...

Core Insights - Kennametal reported revenue of $486.4 million for the quarter ended March 2025, a year-over-year decline of 5.7% [1] - The EPS for the same period was $0.47, compared to $0.30 a year ago, indicating a significant increase [1] - The reported revenue fell short of the Zacks Consensus Estimate of $490.31 million, resulting in a surprise of -0.80% [1] - The company delivered an EPS surprise of +80.77%, with the consensus EPS estimate being $0.26 [1] Performance Metrics - Total Sales in the Infrastructure segment were $182.05 million, slightly below the average estimate of $183.52 million, reflecting a year-over-year change of -3.8% [4] - Total Sales in the Metal Cutting segment were $304.35 million, compared to the average estimate of $307.12 million, representing a year-over-year decline of -6.8% [4] - Operating Income (loss) for Corporate was -$0.26 million, better than the average estimate of -$0.69 million [4] - Proforma Operating Income for Infrastructure was $20.94 million, exceeding the average estimate of $12.93 million [4] - Proforma Operating Income for Metal Cutting was $29.22 million, surpassing the average estimate of $23.01 million [4] Stock Performance - Kennametal shares have returned +13% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]