NYSE$KMT
Kennametal Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported strong first quarter, driven by execution of commercial and operational excellence initiatives and improved market conditions.
Kennametal's first quarter fiscal 2022 results showed significant improvement, with sales increasing by 21% year-over-year to $484 million. EPS reached $0.43, and adjusted EPS was $0.44, a substantial increase from the prior year. Strong cash flow from operations and significant operating leverage contributed to the positive results.
- Sales increased 21 percent year-over-year, driven by growth across all regions and end markets.
- Earnings per diluted share (EPS) was $0.43, and adjusted EPS was $0.44.
- Cash flow from operations showed strong performance at $16 million, up approximately 60 percent year-over-year.
- Operating margin improved significantly, with more than 1,500 basis points improvement.
Headline financials
Revenue & EPS history
Kennametal · Revenue · Quarterly
$484M
Forward guidance
The Company expects sales to be up 9 - 14 percent compared to the prior year quarter. Strong operating leverage for the full year.
Tailwinds
- Sales expected to be up 9 - 14 percent compared to the prior year quarter
- Strong operating leverage for the full year
- Free operating cash flow at approximately 100 percent of adjusted net income
- Capital spending expected to be $110 - $130 million
- Primary working capital trending toward 30 percent of sales by year-end
Headwinds
- Cost headwinds of approximately $10 million from prior year temporary cost controls
- Costs increasing approximately $10 million from the first quarter due to price/raw materials, merit increases and higher depreciation expense
- First half headwinds from prior year temporary cost controls of approximately $25 million
- Adjusted ETR expected to be 25 - 28 percent
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.9%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+0.8%
Avg return
30 days after
58%
39 / 67 earnings
Positive
+18.4%
Q3 2026
Best reaction
-10.8%
Q1 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +18.4% | -1.2% | -13.1% | |
| Q2 2026 | +7.2% | +13.8% | +4.0% | |
| Q1 2026 | +13.9% | +22.4% | +26.0% | |
| Q3 2025 | +0.1% | +10.6% | +10.6% | |
| Q2 2025 | -3.4% | -5.6% | -4.4% | |
| Q1 2025 | +10.4% | +13.2% | +2.6% | |
| Q4 2024 | +3.8% | +1.4% | +1.3% | |
| Q3 2024 | +6.0% | +5.0% | -0.1% | |
| Q2 2024 | -5.2% | -0.8% | +1.8% | |
| Q1 2024 | +1.0% | -0.4% | +4.5% | |
| Q4 2023 | -5.6% | -9.8% | -13.2% | |
| Q3 2023 | +5.3% | +3.7% | -4.0% | |
| Q2 2023 | -3.8% | -6.0% | -2.9% | |
| Q1 2023 | -5.5% | -7.8% | +0.3% | |
| Q4 2022 | -1.4% | -2.3% | -12.7% | |
| Q3 2022 | +3.2% | +1.3% | +7.5% | |
| Q2 2022 | -2.2% | -3.3% | -11.3% | |
| Q1 2022 | +0.3% | -3.0% | -12.2% | |
| Q4 2021 | +4.7% | +0.7% | +2.7% | |
| Q3 2021 | +2.8% | +4.1% | -6.0% | |
| Q2 2021 | -5.4% | -5.6% | +1.9% | |
| Q1 2021 | -6.3% | -3.7% | +14.8% | |
| Q4 2020 | -3.5% | +8.6% | +14.5% | |
| Q3 2020 | +3.0% | +4.5% | +23.7% | |
| Q2 2020 | -5.4% | -5.1% | -9.7% | |
| Q1 2020 | +2.5% | +3.9% | +6.7% | |
| Q4 2019 | -6.5% | -10.4% | -13.4% | |
| Q3 2019 | -5.7% | -12.4% | -19.6% | |
| Q2 2019 | -0.4% | -3.9% | -4.5% | |
| Q1 2019 | +1.0% | +2.2% | +2.3% | |
| Q4 2018 | +8.0% | +2.2% | +8.4% | |
| Q3 2018 | +0.1% | +5.9% | +1.3% | |
| Q2 2018 | -4.3% | -7.7% | -15.9% | |
| Q1 2018 | +8.6% | +5.1% | +6.7% | |
| Q4 2017 | -5.4% | -2.0% | -5.2% | |
| Q3 2017 | +7.8% | +5.7% | -1.7% | |
| Q2 2017 | +2.7% | +5.8% | +6.4% | |
| Q1 2017 | -4.5% | -3.9% | +22.9% | |
| Q4 2016 | +4.8% | +10.5% | +11.1% | |
| Q3 2016 | +1.7% | — | — | |
| Q2 2016 | +11.2% | — | — | |
| Q1 2016 | -3.8% | — | — | |
| Q4 2015 | -3.0% | — | — | |
| Q3 2015 | +7.8% | — | — | |
| Q2 2015 | +1.4% | — | — | |
| Q1 2015 | -7.4% | — | — | |
| Q4 2014 | -4.8% | — | — | |
| Q3 2014 | +2.9% | — | — | |
| Q2 2014 | -9.1% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | +2.7% | — | — | |
| Q3 2013 | +2.9% | — | — | |
| Q2 2013 | -3.5% | — | — | |
| Q1 2013 | -6.6% | — | — | |
| Q4 2012 | +12.6% | — | — | |
| Q3 2012 | -7.8% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2012 | -10.8% | — | — | |
| Q4 2009 | +9.8% | — | — | |
| Q4 2011 | +9.8% | — | — | |
| Q3 2011 | +4.1% | — | — | |
| Q3 2010 | +4.1% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q1 2010 | +1.1% | — | — | |
| Q4 2010 | +1.1% | — | — |
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