Company research
KENNAMETAL INC
CIK 55242Updated Sep 24, 2026
SecurityKMT · NYSE · equity
KMT price & chart
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NYSE:KMT on TradingView ↗About the company
With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2.4 billion in revenues in fiscal 2026. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.
In the news
Kennametal to Host Earnings Conference Call & Webcast on First Quarter Fiscal 2026 Results News provided by Kennametal Inc. Oct 15, 2025, 06:30 ET Share this article Share to X Share this article Share to X PITTSBURGH , Oct. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT ) will host its first ↗
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,166,752,000Source | 2,545,412,000Source | 2,503,758,000Source | 2,547,234,000Source |
| Property, Plant and Equipment, NetUSD | 843,584,000Source | 919,914,000Source | 938,063,000Source | 969,068,000Source |
| GoodwillUSD | 279,213,000Source | 282,726,000Source | 271,567,000Source | 269,551,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 55,886,000Source | 67,209,000Source | 81,421,000Source | 93,164,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 95,791,000Source | — | — | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 408,438,000Source | 295,401,000Source | 302,810,000Source | 307,313,000Source |
| Inventory, NetUSD | 1,108,450,000Source | 538,237,000Source | 514,632,000Source | 557,630,000Source |
| Assets, CurrentUSD | 1,771,771,000Source | 1,039,270,000Source | 1,002,592,000Source | 1,026,789,000Source |
| Operating Lease, Right-of-Use AssetUSD | 45,803,000Source | 45,221,000Source | 48,142,000Source | 43,036,000Source |
| Other Assets, NoncurrentUSD | 41,947,000Source | 25,537,000Source | 12,624,000Source | 9,540,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,553,315,000Source | 1,220,764,000Source | 1,215,159,000Source | 1,233,066,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 95,267,000Source | 95,015,000Source | 97,361,000Source | 99,794,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,483,297,000Source | 1,201,755,000Source | 1,170,482,000Source | 1,124,590,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -399,030,000Source | -386,693,000Source | -434,588,000Source | -414,343,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,569,844,000Source | 1,283,979,000Source | 1,249,875,000Source | 1,275,447,000Source |
| Additional Paid in Capital, Common StockUSD | 390,310,000Source | 373,902,000Source | 416,620,000Source | 465,406,000Source |
| Liabilities and EquityUSD | 3,166,752,000Source | 2,545,412,000Source | 2,503,758,000Source | 2,547,234,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 676,708,000Source | 422,329,000Source | 415,961,000Source | 433,975,000Source |
| Operating Lease, Liability, CurrentUSD | 11,718,000Source | 12,187,000Source | 12,766,000Source | 11,379,000Source |
| Accounts Payable, CurrentUSD | 369,841,000Source | 195,929,000Source | 191,541,000Source | 203,341,000Source |
| Operating Lease, Liability, NoncurrentUSD | 34,538,000Source | 33,408,000Source | 35,631,000Source | 32,178,000Source |
| Deferred Income Tax Liabilities, NetUSD | 31,016,000Source | 32,609,000Source | 36,171,000Source | 32,062,000Source |
| Other Liabilities, NoncurrentUSD | 21,146,000Source | 20,979,000Source | 20,017,000Source | 22,697,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 43,593,000Source | 40,669,000Source | 38,724,000Source | 38,721,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 77,151,000Source | 76,147,000Source | 85,086,000Source | 84,997,000Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 350,414,000Source | 98,708,000Source | 113,641,000Source | 123,366,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 143,155,000Source | 136,497,000Source | 134,687,000Source | 134,025,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 34,851,000Source | 22,115,000Source | 24,340,000Source | 24,657,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 116,866,000Source | -9,068,000Source | 2,624,000Source | 11,543,000Source |
| Increase (Decrease) in InventoriesUSD | 593,396,000Source | 17,396,000Source | -36,835,000Source | -17,582,000Source |
| Deferred Income Tax Expense (Benefit)USD | 44,686,000Source | -13,084,000Source | -8,017,000Source | -9,219,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -4,008,000Source | 208,324,000Source | 277,108,000Source | 257,945,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 0Source | 4,010,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -71,295,000Source | -61,825,000Source | -109,426,000Source | -89,230,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -435,000Source | 5,177,000Source | 3,280,000Source | -126,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 76,905,000Source | 88,971,000Source | 107,561,000Source | 94,385,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 10,106,000Source | 60,120,000Source | 65,574,000Source | 49,290,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 31,634,000Source | -133,919,000Source | -141,747,000Source | -143,108,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 60,847,000Source | 61,852,000Source | 63,431,000Source | 64,524,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -8,227,000Source | -4,429,000Source | -3,474,000Source | -2,982,000Source |
| Repayments of Long-term DebtUSD | 209,387,000Source | — | — | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -44,749,000Source | 12,569,000Source | 21,950,000Source | 20,435,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 95,791,000Source | 140,540,000Source | 127,971,000Source | 106,021,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 27,094,000Source | 24,768,000Source | 26,382,000Source | 28,192,000Source |
| Income Taxes Paid, NetUSD | 55,223,000Source | 58,646,000Source | 48,518,000Source | 43,730,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -1,080,000Source | -11,000Source | -3,985,000Source | -5,172,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 9,522,000Source | 10,787,000Source | 11,557,000Source | 12,624,000Source |
| DepreciationUSD | 133,633,000Source | 125,709,000Source | 123,130,000Source | 121,401,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,600,000Source | 1,300,000Source | 4,100,000Source | 3,900,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 0Source | -1,512,000Source | 0Source | 0Source |
| Gain (Loss) on Sale of PropertiesUSD | — | — | 600,000Source | 2,500,000Source |
| GoodwillUSD | 279,213,000Source | 282,726,000Source | 271,567,000Source | 269,551,000Source |
| Income Tax Expense (Benefit)USD | 110,915,000Source | 33,296,000Source | 30,809,000Source | 36,255,000Source |
| InterestExpenseNonoperatingUSD | 28,561,000Source | 24,930,000Source | 26,472,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | 342,389,000Source | 93,125,000Source | 109,323,000Source | 118,459,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 8,025,000Source | 5,583,000Source | 4,318,000Source | 4,907,000Source |
| Operating Costs and ExpensesUSD | 100,000Source | 200,000Source | 400,000Source | — |
| Operating ExpensesUSD | — | 430,835,000Source | 433,161,000Source | 437,292,000Source |
| Other Nonoperating Income (Expense)USD | 17,358,000Source | 13,811,000Source | 699,000Source | -4,300,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 296,994,000Source | — | — | 0Source |
| Restructuring Costs and Asset Impairment ChargesUSD | 8,909,000Source | 11,813,000Source | 12,152,000Source | 4,106,000Source |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 2,356,698,000Source | 1,966,845,000Source | 2,046,899,000Source | 2,078,184,000Source |
| Cost of RevenueUSD | 1,386,742,000Source | 1,368,775,000Source | 1,419,806,000Source | 1,431,745,000Source |
| Selling, General and Administrative ExpenseUSD | 478,993,000Source | — | — | — |
| Operating Income (Loss)USD | 472,532,000Source | 143,123,000Source | 170,223,000Source | 192,417,000Source |
| Other Nonoperating Income (Expense)USD | 17,358,000Source | 13,811,000Source | 699,000Source | -4,300,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 461,329,000Source | 132,004,000Source | 144,450,000Source | 159,621,000Source |
| Income Tax Expense (Benefit)USD | 110,915,000Source | 33,296,000Source | 30,809,000Source | 36,255,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 8,025,000Source | 5,583,000Source | 4,318,000Source | 4,907,000Source |
| Net Income (Loss) Attributable to ParentUSD | 342,389,000Source | 93,125,000Source | 109,323,000Source | 118,459,000Source |
| Earnings Per Share, BasicUSD per share | 4.49Source | 1.21Source | 1.38Source | 1.47Source |
| Earnings Per Share, DilutedUSD per share | 4.42Source | 1.2Source | 1.37Source | 1.46Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 76,215,000Source | 77,264,000Source | 79,390,000Source | 80,803,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 77,424,000Source | 77,894,000Source | 79,965,000Source | 81,402,000Source |
| Interest Expense (non-operating)USD | 28,561,000Source | 24,930,000Source | 26,472,000Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 9,522,000Source | 10,787,000Source | 11,557,000Source | 12,624,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.8Source | 0.8Source | 0.8Source | 0.8Source |
| Current Income Tax Expense (Benefit)USD | 66,229,000Source | 46,380,000Source | 38,826,000Source | 45,474,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,600,000Source | 1,300,000Source | 4,100,000Source | 3,900,000Source |
| Gross ProfitUSD | 969,956,000Source | 598,070,000Source | 627,093,000Source | 646,439,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 210,443,000Source | -10,085,000Source | -13,544,000Source | -14,702,000Source |
| Interest ExpenseUSD | — | — | — | 28,496,000Source |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentUSD | 6,400,000Source | 1,300,000Source | -2,900,000Source | -2,600,000Source |
| Operating Costs and ExpensesUSD | 100,000Source | 200,000Source | 400,000Source | — |
| Operating ExpensesUSD | — | 430,835,000Source | 433,161,000Source | 437,292,000Source |
| Research and Development ExpenseUSD | 43,200,000Source | 44,400,000Source | 44,200,000Source | 43,100,000Source |
| Restructuring and Related Cost, Incurred CostUSD | 11,400,000Source | 13,300,000Source | 12,400,000Source | 6,600,000Source |
Filing attachments
kmthicktonharshmanex991.htm · 8-K · 2026-08-18
EX-99.1 2 kmthicktonharshmanex991.htm EX-99.1 Document Exhibit 99.1 FOR IMMEDIATE RELEASE: DATE: August 18, 2026 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.com Kennametal Names Dawne Hickton and Richard Harshman to its Board of Directors PITTSBURGH, August 18, 2026 - Kennametal Inc. (NYSE: KMT) today announced t…
Read attachment ↗kmtlambertalvaradoex991.htm · 8-K · 2026-07-28
EX-99.1 2 kmtlambertalvaradoex991.htm EX-99.1 Document Exhibit 99.1 FOR IMMEDIATE RELEASE: DATE: July 28, 2026 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.com Kennametal Announces Board Leadership Transition Joseph Alvarado Appointed Incoming Chairman; William Lambert to Retire in October PITTSBURGH, July 28, 20…
Read attachment ↗d123329dex41.htm · 8-K · 2026-05-28
EX-4.1 3 d123329dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 FIFTH SUPPLEMENTAL INDENTURE Dated as of May 28, 2026 to INDENTURE Dated as of February 14, 2012 between KENNAMETAL INC., as Issuer and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION (as successor in interest to U.S. Bank National Association), as Trustee TABLE OF CONTENTS ARTICLE 1. DEFINITIONS Section 1.01. Definition of Terms 1 …
Read attachment ↗d80893dex991.htm · 8-K · 2026-05-27
EX-99.1 2 d80893dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE: DATE: May 26, 2026 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.com Kennametal Inc. Announces Pricing Terms of Cash Tender Offer for Debt Securities PITTSBURGH, May 26, 2026 - Kennametal Inc. (NYSE: KMT) (the “Company”) today announced …
Read attachment ↗d80893dex992.htm · 8-K · 2026-05-27
EX-99.2 3 d80893dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 FOR IMMEDIATE RELEASE: DATE: May 27, 2026 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.com Kennametal Inc. Announces Final Results and Expiration of Cash Tender Offer for Debt Securities PITTSBURGH, May 27, 2026 - Kennametal Inc. (NYSE: KMT) (the “Company”) …
Read attachment ↗d61386dex991.htm · 8-K · 2026-05-19
EX-99.1 2 d61386dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE: DATE: May 19, 2026 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.com Kennametal Inc. Announces Public Offering of Senior Notes and Cash Tender Offer for Debt Securities PITTSBURGH, May 19, 2026 - Kennametal Inc. (NYSE: KMT) (the “Company”…
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