Kennametal (KMT) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Kennametal published the results on November 4, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Kennametal reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Kennametal's fiscal year ends June 30, so Q1 fiscal 2027 covers July through September 2026.
• Kennametal made no non-GAAP adjustments in Q1 fiscal 2027, so adjusted EPS equals GAAP EPS. The year-ago adjusted EPS of $0.34 excluded restructuring charges.
• Most of the quarter's profit came from what Kennametal calls the favorable timing of raw material-related pricing compared to costs, about $323 million of operating income, during a period of sharply higher tungsten prices.

Source: Kennametal Q1 fiscal 2027 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Kennametal splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Kennametal's Metal Cutting revenue was $398 million in Q1 fiscal 2027, up 28% from $311 million in Q1 fiscal 2026, 52% of total revenue.
• Kennametal's Infrastructure revenue was $370 million in Q1 fiscal 2027, up 98% from $187 million in Q1 fiscal 2026, 48% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first two lines are Kennametal's quarterly outlook for Q2 fiscal 2027; the last two are its annual outlook for fiscal 2027.

In its Q1 fiscal 2027 release, Kennametal said:

“Sales expected to be $785-$815 million; foreign exchange anticipated to be neutral compared to the second quarter of fiscal 2026”

“Adjusted EPS is expected to be $1.20-$1.50”

“Sales expected to be $3.33-$3.45 billion; foreign exchange anticipated to be neutral compared to the fiscal 2026”

“Adjusted EPS is expected to be $5.00-$6.00”

Source: Kennametal Q1 FY27 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the KMT forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP sales and diluted EPS, each as first reported in that quarter's release.

Kennametal's next report is expected around February 3, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 4, 2026

Kennametal reports two segments. In Q1 fiscal 2027 Metal Cutting had sales of $398.2 million and Infrastructure $370.0 million, for a total of $768.2 million, up 54% on both a reported and organic basis. Metal Cutting grew 28% (29% organic, less a 1% business days effect) and Infrastructure 98% (97% organic plus a 1% currency benefit). (Kennametal Q1 FY27 release, Nov 4, 2026)

Metal Cutting sells turning, milling, hole making and tooling systems under the Kennametal, WIDIA, WIDIA Hanita and WIDIA GTD brands, through a direct sales force, distributors and integrated supplier channels. Infrastructure makes engineered tungsten carbide and ceramic components, earth-cutting tools and advanced metallurgical powders, including frac seats for oil and gas, mining and road milling tools, and tungsten penetrators and armor for aerospace and defense. (Kennametal Form 10-Q, Q1 FY27, Nov 4, 2026)

Kennametal attributed the jump mainly to the favorable timing of raw material-related pricing compared to costs, plus stronger Metal Cutting volumes. Tungsten prices have increased eightfold since its September 2023 Investor Day, and Kennametal says it has offset rising raw material costs through price increases. Infrastructure, which sells tungsten carbide powders and components, saw lower sales and production volumes even as its sales nearly doubled. Kennametal's 10-K says its main raw materials are tungsten ore concentrates and scrap carbide, and that mining and processing capacity for tungsten is concentrated in China. (Kennametal Q1 FY27 release, Nov 4, 2026; Kennametal Form 10-Q, Q1 FY27, Nov 4, 2026; Kennametal Form 10-K, fiscal 2026, Aug 12, 2026)

By end market, General Engineering was 40% of Kennametal's Q1 sales, Energy 18%, Earthworks 17%, Aerospace & Defense 14% and Transportation 11%. By region, the Americas brought in $436.5 million, EMEA $204.5 million and Asia Pacific $127.1 million. (Kennametal Form 10-Q, Q1 FY27, Nov 4, 2026; Kennametal Q1 FY27 release, Nov 4, 2026)

Kennametal earned $3.48 per diluted share in Q1 fiscal 2027, a record for a first quarter, against $0.30 a year earlier. It made no non-GAAP adjustments this quarter, so adjusted EPS was also $3.48; year-ago adjusted EPS was $0.34 after adding back restructuring charges. Operating income was $379.3 million, a 49.4% margin, against 7.5%. (Kennametal Q1 FY27 release, Nov 4, 2026)

About $323 million of the increase in operating income came from the timing of raw material-related pricing compared to costs: about $258 million in Infrastructure, whose operating margin reached 70.7%, and about $65 million in Metal Cutting, at 29.7%. The quarter also included an IRA advanced manufacturing production credit of about $4 million, an equity investment impairment of about $5 million, a fixed-asset write-off of about $5 million, and tariff refunds booked as a reduction of cost of goods sold after the February 2026 Supreme Court ruling on IEEPA tariffs. (Kennametal Q1 FY27 release, Nov 4, 2026; Kennametal Form 10-Q, Q1 FY27, Nov 4, 2026)

The effective tax rate was 23.1%, against 26.9%, on a more favorable geographic earnings mix. Diluted weighted average shares were 78.1 million, against 76.8 million. Kennametal has paused its share repurchase program and said it will reassess as operating cash flow improves; operating cash flow was negative $201 million because inventories rose with tungsten prices. (Kennametal Form 10-Q, Q1 FY27, Nov 4, 2026; Kennametal Q1 FY27 release, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Kennametal gives a quarterly and annual outlook in its release. For Q2 fiscal 2027 it expects sales of $785 million to $815 million and adjusted EPS of $1.20 to $1.50. For the full year it reiterated sales of $3.33 billion to $3.45 billion and raised adjusted EPS to $5.00 to $6.00, with free operating cash flow of approximately 20 percent of adjusted net income and capital spending of approximately $85 million. (Kennametal Q1 FY27 release, Nov 4, 2026)

Beyond fiscal 2027, Kennametal says it expects an adjusted EBITDA margin of 16 to 19 percent in a steady-state tungsten environment, assuming tungsten stays at current levels. (Kennametal Q1 FY27 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Kennametal, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Kennametal's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning KMT is on is KMT a buy or a sell?, what analysts expect next is on the KMT forecast, and what the company does is on the Kennametal (KMT) stock page.

Every number on this page can be traced to a document Kennametal published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.