Key Points – Kennametal delivered record fiscal fourth-quarter results: Organic sales rose 42%, adjusted EPS reached $2.96 versus $0.34 a year earlier, and adjusted EBITDA margin expanded to 46.8%, driven largely by pricing, tariff surcharges, higher volumes and favorable…
ngsten-cost timing. – For fiscal 2026, organic sales increased 19% and adjusted EPS climbed to $4.57 from $1.34, with growth supported by aerospace and defense, energy, mining, AI data-center projects and other industrial applications. – Fiscal 2027 guidance calls for sales of $3.33 billion–$3.45 billion and adjusted EPS of $4.15–$5.15. Management expects favorable raw-material timing to boost first-half results but anticipates positive free cash flow only in the second half as tungsten-related working-capital pressures ease
Kennametal (NYSE:KMT) reported sharply higher fourth-quarter and fiscal 2026 earnings, citing pricing actions tied to elevated tungsten costs, modest volume improvement, restructuring savings and stronger conditions in several industrial end markets. For fiscal 2026, organic sales rose 19% year over year, while adjusted earnings per share increased to $4.57 from $1.34 in the prior year. Adjusted EBITDA margin expanded to 26.9% from 15.2%.
President and Chief Executive Officer Sanjay Chowbey said the company won new business and expanded customer relationships across aerospace and defense, energy, transportation and earthworks. He also pointed to project wins connected to AI-powered data centers, defense programs, mining and next-generation vehicle powertrains. Fourth-Quarter Results Driven by Pricing and Material-Cost Timing Fourth-quarter organic sales increased 42%, marking the company’s fourth consecutive quarter of organic growth.