Kennametal Inc — MarketDX

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Kennametal elects Dawne Hickton and Richard Harshman to board

Kennametal Inc. announced the election of Dawne S. Hickton and Richard J. Harshman to its Board of Directors, effective immediately. Hickton is Chair, CEO and lead investor of Cumberland Additive, Inc., an additive manufacturing business serving aerospace, defense and space requirements. Harshman is the former Chairman, President and CEO of ATI, Inc. and currently serves on the Board of Directors for two other publicly traded companies. President and CEO Sanjay Chowbey said their strategic, operational and financial expertise will strengthen the board and help execute the company's strategy.

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Professional Tools Stocks Post Strong Q2 Earnings

Professional tools and equipment stocks reported a very strong second quarter, with the eight companies tracked beating analysts' revenue consensus estimates by 1.8% and next quarter's revenue guidance coming in 14.3% above expectations. Stanley Black & Decker reported revenues of $3.96 billion, flat year over year and in line with expectations, while beating EPS and EBITDA estimates. Kennametal delivered the fastest revenue growth, up 42.6% year over year to $736.6 million, and raised full-year guidance the most. Lincoln Electric posted revenues of $1.22 billion, up 12% year over year, but missed organic revenue estimates. Hyster-Yale Materials Handling saw revenues decline 15% year over year to $812.9 million, the slowest growth among peers, while Hillman grew revenues 9.8% to $442.3 million and beat full-year revenue and EBITDA guidance.

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Kennametal reports record Q4 adjusted EPS of $2.96, guides FY27 EPS midpoint of $4.65

Kennametal reported record adjusted earnings per share of $2.96 for its fiscal fourth quarter, up from $0.34 a year earlier, driven by pricing actions and volume gains. Total sales rose 43% to $736.6 million, with organic growth of 42%, while adjusted operating margin expanded to 41.5% from 7.4%. For fiscal 2027, the company expects sales between $3.33 billion and $3.45 billion and adjusted EPS of $4.15 to $5.15, with a midpoint of $4.65 that reflects operational growth offset by interest and currency headwinds. CEO Sanjay Chowbey highlighted strong demand in aerospace, defense, and energy, including a $500 million market for carbon fiber reinforced plastics cutting tools growing 9% annually. CFO Patrick Watson noted that free operating cash flow was negative $79 million for the year due to $593.4 million in inventory build for tungsten, and the company established a $500 million term loan to enhance liquidity.

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Kennametal initiates fiscal 2027 guidance, shares rise 5.3%

Kennametal Inc. initiated its fiscal 2027 outlook, projecting adjusted earnings of $2.50 to $2.80 per share on sales between $745 million and $775 million for the first quarter. For the full fiscal 2026 year, the industrial technology firm now expects adjusted earnings of $4.15 to $5.15 per share on sales of $3.33 billion to $3.45 billion. The company also declared a quarterly cash dividend of $0.20 per share, payable August 25, 2026 to shareholders of record as of August 11. In pre-market trading, KMT shares rose 5.26 percent to $38.00 on the NYSE.

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Professional Tools and Equipment Stocks Post Strong Q1, Nordson Leads Guidance Raise

Professional tools and equipment stocks delivered a strong first quarter, with the 10 companies tracked by this publication collectively beating revenue estimates by 1.9% and issuing next-quarter guidance 1% above expectations. Nordson reported revenues of $740.8 million, up 8.5% year on year and exceeding estimates by 1.8%, while achieving the highest guidance raise among its peers despite a significant miss on organic revenue estimates. Kennametal posted the fastest revenue growth, with sales of $592.6 million up 21.8% year on year and beating estimates by 4.8%, though its stock fell 6.5% after the results. Stanley Black & Decker topped expectations with revenues of $3.85 billion, up 2.7% year on year, and its shares rose 18.5%. Hillman was the weakest performer, with revenues of $370.1 million missing estimates by 0.7% and its stock declining 3.8%.

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Kennametal Names Amanda Cole Vice President and Chief Human Resources Officer

Kennametal has appointed Amanda Cole as Vice President and Chief Human Resources Officer, effective July 21, 2026. Cole brings more than 20 years of experience in enterprise-wide transformation and talent strategy, most recently serving as Vice President of Human Resources at Wesco International. She will succeed Judith Bacchus, who is retiring on or about October 1, 2026, after more than 20 years with the company. In her new role, Cole will oversee global human resources, corporate communications, and environmental, health, safety and quality activities.

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Snap-on Q1 Revenue Rises 5.2% to $1.31 Billion, Beating Estimates

Snap-on reported first-quarter revenues of $1.31 billion, up 5.2% year on year and exceeding analysts' expectations by 2.4%. The professional tools and equipment industry overall posted a strong quarter, with the 10 tracked companies beating consensus revenue estimates by 1.9% on average and guiding next quarter's revenue 1% above expectations. Among peers, Kennametal delivered the fastest revenue growth at 21.8% to $592.6 million, while Hillman was the weakest performer with a 3% increase to $370.1 million that missed estimates by 0.7%. Snap-on shares were flat after the report, trading at $381.28.

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