Kennametal Announces Fiscal 2027 First Quarter Results

Kennametal reported fiscal 2027 first-quarter sales of $768 million, up 54% on both reported and organic bases, with operating income of $379 million and record diluted EPS of $3.48. The company attributed results mainly to favorable raw-material-related pricing relative to costs and stronger Metal Cutting volumes. Kennametal reiterated its full-year sales outlook and raised its adjusted EPS expectations.