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Kennametal Named Official Tooling Supplier of NASCAR
Kennametal has been named the Official Tooling Supplier of NASCAR. Dave Bersaglini, Kennametal Vice President and President of Metal Cutting, unveiled the designation at the company's Next Level Shop exhibit on the first day of the International Manufacturing Technology Show 2026. As NASCAR's Official Tooling Supplier, Kennametal will provide advanced metal cutting solutions and application expertise to support the organization's demanding manufacturing operations.
Sees FY27 Revenue of $3.33B-$3.45B
Sees FY27 revenue $3.33B-$3.45B, consensus $2.7B. Sees FY27 capital spending $85M.
Company Sees Q1 Revenue of $745M-$775M
Sees Q1 revenue $745M-$775M, consensus $667.45M. The company said, "Looking ahead, we are encouraged by the volume trends we have seen across several end markets and expect those improving conditions, along with our strategic initiatives, to continue to drive sales growth throughout fiscal 2027. Recent wins in the Aerospace & Defense, Energy and Earthworks end markets showcase the ability of our team to take share in any market condition. I am confident that our commitment to above market growth and continuous improvement will unlock long-term value for shareholders."
Company Reports Q4 Revenue of $736.61M, Exceeds Consensus
Reports Q4 revenue $736.61M, consensus $725.76M. "Our team delivered strong fiscal 2026 results, reflecting volume from improving market conditions and our strategic growth initiatives," said Sanjay Chowbey, President and CEO. "We achieved record adjusted EPS this quarter through decisive pricing actions in an unprecedented tungsten environment, volume growth and cost improvement efforts."
Kennametal Appoints Joseph Alvarado as New Chairman of the Board
Kennametal announced that its Board of Directors has appointed Joseph Alvarado as incoming Chairman of the Board, effective October 28. Alvarado will succeed William Lambert, current Chairman of the Board, who will retire from the Board at the conclusion of the company's Annual Meeting of Shareowners on October 27.
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