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Dec 31, 2021
Kennametal Q2 2022 Earnings Report
Kennametal's financial performance improved, marked by increased sales and earnings per share.
Key Takeaways
Kennametal reported a 10% increase in sales to $487 million and EPS of $0.37 ($0.35 adjusted) for Q2 2022. The company saw growth in all end markets except Transportation, driven by organic growth and pricing actions. They also repurchased $23 million of common stock during the quarter.
Sales increased 10 percent year-over-year to $487 million.
Earnings per diluted share (EPS) reached $0.37, and adjusted EPS was $0.35.
Operating leverage improved significantly, driving higher operating margin.
The company repurchased $23 million of common stock during the quarter.
Revenue by Geographic Location
Forward Guidance
Kennametal expects sales between $500 million and $520 million, and adjusted operating income of at least $55 million for the third quarter of fiscal year 2022. For the full year, they anticipate strong operating leverage and free operating cash flow at approximately 100 percent of adjusted net income.
Positive Outlook
- Sales expected to be $500 million to $520 million for Q3 2022.
- Adjusted operating income expected to be at least $55 million for Q3 2022
- Strong operating leverage for the full year
- Free operating cash flow at approximately 100 percent of adjusted net income
- Adjusted ETR is now expected to be 26 - 28 percent
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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