Kennametal (KMT) Q4 FY26 earnings call

Kennametal delivered a strong Q4 FY26, achieving record adjusted EBITDA margins and EPS, primarily driven by decisive pricing actions and volume improvements across most end markets. The company successfully navigated a challenging tungsten cost environment, securing significant restructuring savings and enhancing liquidity. While the FY27 EPS outlook appears flat at the midpoint, management emphasizes underlying operational strength and growth initiatives are offsetting non-operational headwinds, with free cash flow expected to turn positive in the second half of FY27.