NYSE$KMT
Kennametal Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Announced strong third quarter fiscal year 2022 results with increased sales and EPS.
Kennametal reported a strong third quarter in fiscal year 2022. Sales increased by 6% year-over-year to $512 million, with organic growth of 8%. EPS was $0.42, and adjusted EPS was $0.47. The company saw significant improvement in operating margin and repurchased $15 million of common stock during the quarter.
- Sales increased 6 percent year-over-year; 8 percent on an organic basis.
- Earnings per diluted share (EPS) of $0.42 and adjusted EPS of $0.47.
- Strong operating leverage drove significant improvement in operating margin.
- Repurchased $15 million of common stock in the quarter; $50 million year-to-date.
Headline financials
Revenue & EPS history
Kennametal · Revenue · Quarterly
$512M
Forward guidance
The Company’s expectations for the fourth quarter of fiscal 2022 and the full year are as follows:
Tailwinds
- Sales expected to be $510 million to $530 million
- Adjusted operating income expected to be at least $55 million
- Strong operating leverage for the full year
- Prior year temporary cost controls of approximately $25 million (affected first half only)
- Adjusted ETR is expected to be 26 - 28 percent
Headwinds
- Free operating cash flow now expected to be approximately 75 percent of adjusted net income, due primarily to higher working capital from lower-than-expected sales because of COVID-19 shutdowns in China and the broader European effects from the conflict in Ukraine
- Capital spending now expected to be approximately $105 million
- Primary working capital now expected to remain around 31 percent of sales by year-end
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 Q3 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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