Filing Flows › Kennametal (KMT) › Q3 FY25
Kennametal (KMT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 7, 2025
Kennametal (KMT) reported revenue of $486M for the third quarter fiscal 2025 (Q3 FY25), -6% from a year earlier and +0.9% from the quarter before. Operating margin was 9.1%, net earnings $31.5M (6.5% of revenue).
Kennametal, Q3 FY25: revenue $486M (-6% year over year), operating margin 9.1%, net earnings $31.5M, operating cash flow $28.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $486M | +0.9% | -6% |
| Gross profit | $156M | +8% | +2% |
| Operating profit | $44.1M | +39% | +25% |
| Net earnings | $31.5M | +76% | +66% |
| Operating cash flow | $28.8M | -48% | -62% |
| Free cash flow | $5.3M | -85% | -89% |
What changed
Revenue was $486.4M in Q3 FY25, down 6% year over year and up 1% from the previous quarter. Metal Cutting was the largest line at 63% of revenue. Metal Cutting lost $22.2M year over year (down 7%), 76% of the total change.
Gross margin was 32.1%, up 2.4 points from a year earlier. Operating profit was $44.1M, a 9.1% margin (up 2.2 points year over year). Operating expenses fell 5% while revenue fell 6%. Net earnings were $31.5M, up 66% year over year. The effective tax rate was 23.6%.
Operating cash flow was $28.8M (down 62% year over year), 87% of net income including minority interests. Non-cash charges added back $33.9M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $43.1M. Capital expenditures of $23.5M left free cash flow of $5.3M.
Questions
What was Kennametal's revenue in the third quarter fiscal 2025?
Kennametal (KMT) reported revenue of $486M for the third quarter fiscal 2025 (Q3 FY25), -6% from a year earlier and +0.9% from the quarter before.
Was Kennametal profitable in the third quarter fiscal 2025?
Operating profit was $44.1M (9.1% of revenue) and net earnings $31.5M.
Source: Kennametal 10-Q on SEC EDGAR.