Recent Updates — KMT
Kennametal Inc. announced the appointment of Richard J. Harshman and Dawne Hickton to its Board of Directors, effective September 1, 2026. Both directors will serve until the Annual Meeting of Shareholders in October 2026, where they are proposed for election. Mr. Harshman is the retired Executive Chairman and former CEO of ATI Inc., while Ms. Hickton is the Chair and CEO of Cumberland Additive, Inc. They will initially not serve on Board committees but are expected to be appointed in the coming months. Kennametal operates in the industrial technology sector, providing materials science, tooling, and wear-resistant solutions for manufacturing customers.
Kennametal Inc. reported fiscal fourth quarter and full-year results for the period ended June 30, 2026. Q4 sales reached $737 million, a 43% increase year-over-year, driven by organic growth of 42%. Diluted EPS was $2.91, with record adjusted EPS of $2.96. Full-year sales totaled $2.357 billion, up 20%, resulting in diluted EPS of $4.42 and record adjusted EPS of $4.57. The company declared a quarterly cash dividend of $0.20 per share, payable on August 25, 2026 to shareholders of record as of August 11, 2026. Kennametal provided fiscal 2027 first-quarter sales guidance of $745–$775 million and full-year adjusted EPS guidance of $4.15–$5.15. Kennametal Inc. operates in the industrial technology sector, providing tooling, wear-resistant solutions, and materials science products for manufacturing industries.
Kennametal Inc.'s Board of Directors declared a quarterly cash dividend of $0.20 per share on July 28, 2026. The payment is scheduled for August 25, 2026, to shareholders of record as of the close of business on August 11, 2026. Kennametal Inc. operates in the manufacturing industry, providing cutting tools and related products.
Kennametal Inc. announced that Chairman William M. Lambert will retire from the Board effective October 27, 2026, following the annual shareholder meeting. The Board appointed Joseph Alvarado as the incoming Chairman, effective October 28, 2026. Lambert has served on the Board since March 2016 and as Chairman since October 2023. Alvarado, a director since 2018 and chair of the Nominating/Corporate Governance Committee, is the retired Chairman, President and CEO of Commercial Metals Company. Kennametal Inc. operates in the industrial technology sector, providing materials science, tooling, and wear-resistant solutions for manufacturing customers.
Kennametal Inc. announced the appointment of Amanda Cole as Vice President and Chief Human Resources Officer, effective July 21, 2026. Ms. Cole, formerly of Wesco International, Inc., succeeds Judith Bacchus, who will remain as Vice President and Chief Administrative Officer until her retirement around October 1, 2026. Cole's compensation package includes an annual base salary of $375,000, a $58,000 sign-on bonus, and a $300,000 special long-term incentive grant of restricted stock units scheduled for August 1, 2026. Kennametal Inc. is an industrial company that provides high-performance metal solutions and tooling.