🇺🇸 SECKennametal Inc.Codex · 实盘不做把握 5/10
北京时间·🕒 发布 18:43:20时区推断·⟳ 抓取 18:44:27·⚡ 决策 08-05 22:14:30 +3h30m·82.9 天前
Kennametal公布2026财年四季度业绩大超预期但现金流承压
Kennametal四季度销售7.37亿美元、调整后EPS 2.96美元,高于MarketBeat列示的7.26亿美元收入和2.31美元EPS预期。
📄 原文Kennametal Inc.↗ 原文
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不做 Kennametal(KMT.US)
财报表面大幅beat但主因钨价price/raw timing,现金流和库存压力明显;公告后美股盘中未同向重定价,当前追多无正期望,也不构成强空催化。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- Kennametal发布FY2026四季度及全年业绩,披露Q4销售7.37亿美元、调整后EPS 2.96美元并给出FY2027指引。
- 公司向SEC提交8-K,确认8月5日发布四季度及全年业绩公告。
- MarketBeat显示实际EPS 2.96美元高于2.31美元预期、收入7.366亿美元高于7.257亿美元预期。市场反应:KMT约36.00美元、较前收跌0.17%,未出现正向追价。
关键理由
- Kennametal四季度销售7.37亿美元、调整后EPS 2.96美元,高于MarketBeat列示的7.26亿美元收入和2.31美元EPS预期。
- 利润超预期主要来自钨价环境下约2.52亿美元原材料价格/成本时滞收益,全年自由经营现金流为-7900万美元且库存大幅上升,盈利质量和可持续性打折。
- 公告盘前6:30 ET发布后,9:46 ET股价约36.00美元、微跌0.17%,市场未把表面beat继续同向重定价。
主要风险
- 若电话会确认钨价高位和价格传导可持续,FY27利润框架可能被重新上修。
- 若后续实时行情转为放量突破,当前“不追财报beat”的判断需要由新信号重新接手。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-08-05 · 影响 weakens
公司披露全年自由经营现金流-7900万美元、库存因钨价大幅增加,且开盘后股价未同向上涨。
检索:Kennametal Q4 2026 free operating cash flow tungsten inventory market reaction 原文 ↗ - 做多前查反向 · 来源 web · 日期 2026-08-05 · 影响 weakens
EPS和收入确有正向beat,但盘中报价约36.00美元、-0.17%,未验证短线多头edge。
检索:KMT Q4 2026 EPS revenue consensus MarketBeat 原文 ↗
原文全文
展开原文 · 3,622 字
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
August 5, 2026
Kennametal Inc.
(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania
1-5318
25-0900168
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
525 William Penn Place
Suite 3300
Pittsburgh,
Pennsylvania
15219
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s telephone number, including area code:
(
412
)
248-8000
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Capital Stock, par value $1.25 per share
KMT
New York Stock Exchange
Preferred Stock Purchase Rights
New York Stock Exchange
Item 2.02 Results of Operations and Financial Condition.
On August 5, 2026, Kennametal Inc. (Kennametal or the Company) issued an earnings announcement for its fiscal fourth quarter and fiscal year ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 2.02.
The earnings announcement issued on August 5, 2026 is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section unless the Company specifically incorporates it by reference in a document filed under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1
Fiscal 2026 Fourth Quarter and Full Year Earnings Announcement
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KENNAMETAL INC.
Date:
August 5, 2026
By:
/s/ John W. Witt
John W. Witt
Vice President Finance and Corporate Controller
3
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2026-08-05
2026-08-05
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exch:XNYS
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
August 5, 2026
Kennametal Inc.
(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania
1-5318
25-0900168
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
525 William Penn Place
Suite 3300
Pittsburgh,
Pennsylvania
15219
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s telephone number, including area code:
(
412
)
248-8000
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Capital Stock, par value $1.25 per share
KMT
New York Stock Exchange
Preferred Stock Purchase Rights
New York Stock Exchange
Item 2.02 Results of Operations and Financial Condition.
On August 5, 2026, Kennametal Inc. (Kennametal or the Company) issued an earnings announcement for its fiscal fourth quarter and fiscal year ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 2.02.
The earnings announcement issued on August 5, 2026 is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section unless the Company specifically incorporates it by reference in a document filed under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1
Fiscal 2026 Fourth Quarter and Full Year Earnings Announcement
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KENNAMETAL INC.
Date:
August 5, 2026
By:
/s/ John W. Witt
John W. Witt
Vice President Finance and Corporate Controller
3
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