Kennametal Inc. reported fiscal 2025 first quarter results with sales of $482 million, a 2 percent decrease from $492 million in the prior year quarter, driven by a 2 percent organic sales decline. Diluted earnings per share (EPS) were $0.28, down from $0.37 in the prior year, while adjusted EPS was $0.29 compared to $0.41.
Operating income for the quarter was $36 million, representing a 7.5 percent margin, down from $45 million or a 9.2 percent margin in the prior year. The company achieved incremental year-over-year restructuring savings of approximately $5 million, contributing to an annualized run rate pre-tax savings of approximately $35 million from its cost streamlining initiatives.
Kennametal generated $46 million in net cash flow from operating activities and $21 million in free operating cash flow for the quarter, an increase from $26 million and negative $3 million respectively in the prior year period. The company also repurchased 600 thousand shares for $15 million and declared a quarterly cash dividend of $0.20 per share. For the full fiscal year 2025, Kennametal expects sales between $1.97 billion and $2.01 billion, with adjusted EPS in the range of $1.15 to $1.35.
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