EarningsQ4 2026 Earnings Report
MX:KMT Q4 2026 EPS Results
Actual EPS$53.17
Consensus EPS$41.40
Beat/MissBeat by +$11.77
One Year Ago EPS$6.11
MX:KMT Q4 2026 Revenue Results
Actual Revenue$13.23B
Expected Revenue$13.04B
Beat/MissBeat by +$195.27M
YoY Revenue Growth+42.63%
Earnings Announcement Details
QuarterQ4 2026
Date08/05/2026
TimeBefore Open
Conference CallWednesday, August 5, 2026
MX:KMT Upcoming Earnings
Kennametal's next earnings date is estimated for November 2, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:KMT Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial momentum with record quarterly margins, EPS and sustained organic growth, supported by strategic wins in higher-growth markets (aerospace CFRP, AI data centers, defense). However, a sizable portion of near-term upside was driven by favorable raw-material timing effects and elevated tungsten pricing created significant working capital and cash flow pressure, higher interest expense and dependency on pricing/surcharges. Management provided a credible FY'27 outlook (sales $3.33B–$3.45B, EPS $4.15–$5.15) and actions to shore up liquidity, but investors should monitor the roll-off of timing benefits, tungsten price stability, and cash conversion in the back half of the year.Company Guidance
Strong Full-Year Revenue and Organic Growth
Full-year organic sales increased 19% year-over-year, driven by price realization and modest volume gains; management highlights broad-based growth across end markets and strategic wins in AI data centers, aerospace & defense, mining and next-generation vehicle powertrains.
Record Quarterly Results and Margin Expansion
Q4 delivered record adjusted EBITDA and operating margins of 46.8% and 41.5% (vs. 14.8% and 7.4% prior-year quarter) driven largely by favorable timing of raw material pricing and pricing actions.
Record Adjusted EPS
Adjusted EPS was a record $2.96 in Q4 (vs. $0.34 prior-year Q4); full-year adjusted EPS rose to $4.57 from $1.34 in the prior year.
Sustained Organic Sales Momentum
Q4 marked the fourth consecutive quarter of organic sales growth with Q4 organic sales up 42%; segment organic growth: Metal Cutting +22% and Infrastructure +74% (Q4).
Notable End-Market Performance in Quarter
Company-wide Q4 end-market growth on a constant currency basis included Energy +101%, Earthworks +76%, Aerospace & Defense +43%, General Engineering +28%, and Transportation +7%.
Strategic Product Wins and Market Opportunities
Highlighted growth opportunity in carbon fiber reinforced plastics (CFRP) cutting tools: competing in a ~$500M aerospace market with expected 9% CAGR to 2028; company won business via supply assurance and product superiority.
Operational Improvements and Cost Actions
Realized $27M in restructuring savings during fiscal '26 and remain committed to $110M of cumulative savings by end of fiscal '27; incremental restructuring benefits contributed to margins.
Capital and Liquidity Actions
Strengthened liquidity with combined cash and revolver availability of ~$926M (including $200M accordion) and a new $500M term loan (intend to draw); extended debt maturity profile with nearest public note maturity now July 2029 and others to 2031/2036.
MX:KMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed