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Kennametal cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$212M in Q1 FY27 · −$287M over twelve months

Operating cash flow−$201M
Capital spending−$10.8M
Free cash flow−$212M
Cash / net income-0.7×
Cash conversion cycle406 days

Analysis

In Q1 FY27, Kennametal generated −$201M of operating cash flow and spent $10.8M on capital projects, leaving free cash flow of −$212M. That is $207M less than in Q1 FY26 (−$5.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$223M; the largest uses were operating cash flow ($223M), capital spending ($64.7M), dividends ($61.0M); besides operations, cash came from net borrowing (+) / repaid (−) ($497M), other financing ($17.9M); the cash balance rose by $169M.

Operating cash flow was −$201M against net income of $274M — -0.7× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$516M, income taxes payable +$57.9M, prepaid and other assets −$51.2M.

Its cash conversion cycle was 406 days (receivables 50 + inventory 492 − payables 137).

Free cash flow

Kennametal: free cash flow by quarterKennametal: free cash flow by quarter$35.9MQ2 FY25$5.3MQ3 FY25$57.1MQ4 FY25−$5.5MQ1 FY26$42.4MQ2 FY26−$20.9MQ3 FY26−$96.9MQ4 FY26−$212MQ1 FY27
Operating cash flow less capital spending.
Kennametal: operating cash flow against capital spendingKennametal: operating cash flow against capital spendingOperating cash flowCapital spending$55.2M$19.2MQ2 FY25$28.8M$23.5MQ3 FY25$78.6M$21.5MQ4 FY25$17.5M$23.0MQ1 FY26$55.1M$12.7MQ2 FY26−$2.9M$18.0MQ3 FY26−$73.7M$23.2MQ4 FY26−$201M$10.8MQ1 FY27
Latest (Q1 FY27): Operating cash flow −$201M, Capital spending $10.8M.

Capital allocation, year by year

Kennametal: where the cash came from (up) and went (down), by fiscal yearKennametal: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY22: Operating cash flow −$181MFY22: Net borrowing $19.0MFY22: Asset sales $1.9MFY22: Capital spending −$96.9MFY22: Buybacks −$85.5MFY22: Dividends −$66.6M$20.9MFY22FY23: Operating cash flow $258MFY23: Net borrowing −$19.0MFY23: Asset sales $5.0MFY23: Capital spending −$94.4MFY23: Buybacks −$49.3MFY23: Dividends −$64.5M$263MFY23FY24: Operating cash flow $277MFY24: Asset sales $5.4MFY24: Capital spending −$108MFY24: Acquisitions −$4.0MFY24: Buybacks −$65.6MFY24: Dividends −$63.4M$283MFY24FY25: Operating cash flow $208MFY25: Asset sales $20.5MFY25: Capital spending −$89.0MFY25: Buybacks −$60.1MFY25: Dividends −$61.9M$229MFY25FY26: Operating cash flow −$4.0MFY26: Net borrowing $108MFY26: Asset sales $1.8MFY26: Capital spending −$76.9MFY26: Buybacks −$10.1MFY26: Dividends −$60.8M$109MFY26
Over these 5 years operating cash flow totalled $558M; the largest uses were capital spending ($465M) and dividends ($317M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$273M
Debt$1.1B
Net debt$821M
Cash runway11 months

Kennametal is burning cash: its operations consume cash, a free cash flow of −$287M a year at the current rate against $273M of cash and investments: a runway of about 11 months before any new financing.

Where the cash came from and went

Kennametal: sources (+) and uses (−) of cash, Q1 FY27Kennametal: sources (+) and uses (−) of cash, Q1 FY27Net borrowing (+) / repaid (−)$389MOperating cash flow−$201MCash drawn (+) / kept (−)−$177MOther financing$17.0MDividends−$15.2MCapital spending−$10.8MOther investing−$2.9MAsset & business sales$409KExchange rates$404KBuybacks−$38K
Kennametal: sources (+) and uses (−) of cash, TTM to Q1 FY27Kennametal: sources (+) and uses (−) of cash, TTM to Q1 FY27Net borrowing (+) / repaid (−)$497MOperating cash flow−$223MCash drawn (+) / kept (−)−$169MCapital spending−$64.7MDividends−$61.0MOther financing$17.9MAsset & business sales$2.2MOther investing$680KBuybacks−$114KExchange rates$73K

From profit to cash

Kennametal: net income to operating cash flow, Q1 FY27Kennametal: net income to operating cash flow, Q1 FY27Net income$274MDepreciation & amortization$33.8MStock-based pay$10.9MDeferred taxes$184KOther non-cash$6.3MReceivables−$22.1MInventory−$516MPayables−$13.1MPrepaid and other assets−$51.2MIncome taxes payable$57.9MOther operating capital$3.3MOperating cash flow−$201M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY2750492137406
Q4 FY264627995229
Q3 FY264716057151
Q2 FY265015454150
Q1 FY265414852150
Q4 FY255213448138
Q3 FY255014953146
Q2 FY255114755144

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 FY27−$201M−$10.8M−$38K−$15.2M$389M−$177M−$212M
Q4 FY26−$73.7M−$23.2M−$38K−$15.2M$4.7M$11.1M−$96.9M
Q3 FY26−$2.9M−$18.0M—−$15.2M—$22.5M−$20.9M
Q2 FY26$55.1M−$12.7M−$38K−$15.2M—−$25.8M$42.4M
Q1 FY26$17.5M−$23.0M−$10.0M−$15.1M—$37.0M−$5.5M
Q4 FY25$78.6M−$21.5M−$5.0M−$15.2M−$10.2M−$43.1M$57.1M
Q3 FY25$28.8M−$23.5M−$25.0M−$15.5M$10.2M$23.7M$5.3M
Q2 FY25$55.2M−$19.2M−$15.0M−$15.6M—−$1.6M$35.9M

Kennametal: income statement and cash flow

Kennametal, Q1 FY27: revenue $768M (+54% year over year), operating margin 49.4%. The chart follows the revenue to costs, profit and cash.

Kennametal: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.