Kennametal Reports Strong Q1 2027 Earnings and Raises Full-Year Outlook
1 report, 1 independent
Updated Wed 00:00
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What happened
Kennametal reported its financial results for the fiscal 2027 first quarter on November 4, 2026. Sales reached $768 million, marking a 54 percent increase on both reported and organic bases. The company also reported record first quarter earnings per diluted share of $3.48 and operating income of $379 million.
From prnewswire.com
Why it matters
The strong performance was attributed to stronger Metal Cutting volumes and favorable raw material pricing compared to costs. Kennametal reiterated its fiscal 2027 sales outlook while raising its full-year adjusted EPS expectations. The company also confirmed a 16 to 19 percent adjusted EBITDA margin profile beyond fiscal 2027.
From prnewswire.com
Who's involved
- PittsburghLocation where Kennametal released its financial results
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The entities involved
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Pittsburgh
city and county seat in Allegheny County, Pennsylvania, United States