Filing Flows › Kennametal (KMT) › Q1 FY27
Kennametal (KMT) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 4, 2026
Kennametal (KMT) reported revenue of $768M for the first quarter fiscal 2027 (Q1 FY27), +54% from a year earlier and +4% from the quarter before. Operating margin was 49.4%, net earnings $272M (35.4% of revenue).
Kennametal, Q1 FY27: revenue $768M (+54% year over year), operating margin 49.4%, net earnings $272M, operating cash flow −$201M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $768M | +4% | +54% |
| Gross profit | $514M | +18% | +232% |
| Operating profit | $379M | +25% | +910% |
| Net earnings | $272M | +20% | 12× |
| Operating cash flow | −$201M | — | -1251% |
What changed
Revenue was $768.2M in Q1 FY27, up 54% year over year and up 4% from the previous quarter. Metal Cutting was the largest line at 52% of revenue. Infrastructure added $182.7M year over year (up 98%), 68% of the total change.
Gross margin was 66.9%, up 35.8 points from Q1 FY26. Operating profit was $379.3M, a 49.4% margin (up 41.8 points year over year). Of the extra revenue versus Q1 FY26, 126% reached operating profit, above the 8% margin then. Operating expenses grew 15% against revenue growth of 54%. The fastest-growing cost line was Other operating costs (+89%). Net earnings were $271.6M, up 1066% year over year. The effective tax rate was 23.1%.
Operating cash flow was −$201.3M. Non-cash charges added back $33.8M of depreciation and amortization and $10.9M of share-based compensation. Working capital and other items used $520.4M. Capital expenditures of $10.8M exceeded it, leaving free cash flow of −$212.1M.
Questions
What was Kennametal's revenue in the first quarter fiscal 2027?
Kennametal (KMT) reported revenue of $768M for the first quarter fiscal 2027 (Q1 FY27), +54% from a year earlier and +4% from the quarter before.
Was Kennametal profitable in the first quarter fiscal 2027?
Operating profit was $379M (49.4% of revenue) and net earnings $272M.
Source: Kennametal 10-Q on SEC EDGAR.