Kennametal Inc. Reports First Quarter Fiscal 2025 Results
Company Announcements

Kennametal Inc. Reports First Quarter Fiscal 2025 Results

Kennametal Inc ( (KMT) ) has released its Q1 earnings. Here is a breakdown of the information Kennametal Inc presented to its investors.

Kennametal Inc. is a global industrial technology company, specializing in materials science, tooling, and wear-resistant solutions, serving sectors like aerospace, defense, and energy. In its fiscal 2025 first quarter, Kennametal reported a decline in sales to $482 million from last year’s $492 million, with a slight drop in earnings per share to $0.28. Despite challenging market conditions, the company managed to increase its cash from operations significantly to $46 million, from $26 million the previous year, reflecting strong cash flow management. Key performance metrics highlighted include a decrease in operating income due to lower sales and production volumes, but these were partially offset by restructuring savings and insurance recoveries. The company returned approximately $31 million to shareholders through dividends and share repurchases. Looking ahead, Kennametal expects second-quarter sales to align with historical performance, supported by its strategic focus on growth, continuous improvement, and portfolio optimization, despite potential economic headwinds.

Related Articles
TheFlyKennametal price target raised to $31 from $25 at Barclays
TheFlyKennametal files automatic mixed securities shelf
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App