Stock Track | Kennametal Soars 10.45% in Pre-Market on Strong Q3 Earnings Beat and Raised Guidance
Stock Track
May 06
Kennametal's stock soared 10.45% in pre-market trading on Wednesday, following the release of its fiscal 2026 third-quarter results.
The company reported significantly better-than-expected performance, with sales climbing 22% year-over-year to $593 million, surpassing the IBES estimate of $564.9 million. Diluted earnings per share jumped 85% to $0.75, while adjusted EPS came in at $0.77, beating the estimate of $0.67. Operating income rose 80% to $79 million.
Management attributed the strong results to an unprecedented rise in tungsten pricing and stronger sales volume. The company also raised its full-year outlook, now expecting sales of $2.33 billion to $2.35 billion and adjusted EPS of $3.75 to $4.00.
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