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Kennametal Inc.

KMT

Industrials · 30.76 -0.9% today

You’ve read what changed. Here’s whether the market is confirming it.

Isolated · not yet confirmedMarket checked 30 Sept, 15:55 GMT-4

Market read

No connected market move is active around Kennametal Inc..

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company-0.9% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • Inventory more than doubled and receivables also rose, turning operating cash flow negative despite higher net income.
  • Pricing contributed to higher Americas sales, including General Engineering and Energy, alongside demand and market-specific activity.

Invalidation: The isolated read changes if KMT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Tools & Accessories

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Inventory more than doubled and receivables also rose, turning operating cash flow negative despite higher net income.
  • Pricing contributed to higher Americas sales, including General Engineering and Energy, alongside demand and market-specific activity.

Company research

Understand the business, not just the ticker

As of Oct 1, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations341
Usable filing statements67
Verified relationships7
Evidence supporting the case
  • Latest annual revenue changed +19.8% year over year.
  • Operating margin changed +12.8 percentage points in the latest annual period.
  • Net margin changed +9.8 percentage points in the latest annual period.
Evidence challenging the case
  • Operating cash flow was only -0.012x net income in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 30, 2026

30.76
6m-14.9%12m+47.9%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-06-30$2.0B+9.3%$1.72-0.5%
2023-06-30$2.1B+3.3%$1.46-3.0%
2024-06-30$2.0B-1.5%$1.37-1.8%
2025-06-30$2.0B-3.9%$1.20-2.6%
2026-06-30$2.4B+19.8%$4.42-0.6%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 2 filings
“During 2025, cash flow used for investing activities was $61.8 million and included capital expenditures, net of $87.1 million, which consisted primarily of equipment upgrades, proceeds from a divestiture of $18.7 million and proceeds from insurance recoverie…”
10-K · Aug 12, 2026 ↗
Demand and volumepositive · 2 filings
“Sales in Asia Pacific increased primarily due to price and higher demand in General Engineering.”
10-K · Aug 12, 2026 ↗
Foreign exchangemixed · 2 filings
“Property, plant and equipment, net decreased $76.3 million from $919.9 million at June 30, 2025 to $843.6 million at June 30, 2026, primarily due to depreciation of $133.6 million, disposals of $1.8 million and a currency exchange effect of approximately $8.5…”
10-K · Aug 12, 2026 ↗
Input and raw-material costsmixed · 2 filings
“The increase in working capital was primarily driven by an increase in inventories of $570.2 million resulting from rising tungsten prices, an increase in accounts receivable of $113.0 million and an increase in other current assets of $94.0 million, which co…”
10-K · Aug 12, 2026 ↗

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

30.76-0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 30 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for KMT. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for KMT. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind KMT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

DDDuPont de Nemours, Inc.supplierAug 12, 2025 ▾

“Reilly, 57 Vice President and Chief Technology Officer Vice President and Chief Technology Officer since September 2018; Formerly, Global Technology Director in Transportation and Advanced Polymers business at DuPont from January 2016 to September 2018 and Gl…”

DHRDanaher CorporationpartnerAug 12, 2025 ▾

“Previously spent over 11 years at Danaher / Fortive Corporation (from 2006 through 2017) serving in various roles of increasing responsibility, the latest being President, Thomson Industries.”

FTVFortive CorporationpartnerAug 12, 2025 ▾

“Previously spent over 11 years at Danaher / Fortive Corporation (from 2006 through 2017) serving in various roles of increasing responsibility, the latest being President, Thomson Industries.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

KMT is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for KMT; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.