Kennametal

Q4 FY2026 EarningsFY26 Q4 beat consensus across all major top and bottom-line metrics, with revenue of $2,356.7M slightly exceeding the $2,345.6M expectation and gross margin reaching 41.2% vs. 39.4% expected. Diluted GAAP EPS of $4.42 outperformed the $3.85 consensus by 14.8%, driven primarily by a $316M windfall from favorable raw material pricing timing and $27M in restructuring savings. However, net cash from operations missed significantly, reporting an outflow of $4.0M against a positive $65.7M consensus due to a $593M inventory build-up linked to rising tungsten costs.