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Kennametal Sees Q3 Revenue $520M-$540M Vs $510.46M Est

Outlook The Company's expectations for the third quarter of fiscal 2023 and the full year, which remain largely unchanged, are as follows: Quarterly Outlook: • Sales
byHappy Mohamed
February 6, 2023
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Outlook

The Company’s expectations for the third quarter of fiscal 2023 and the full year, which remain largely unchanged, are as follows:

Quarterly Outlook:

•

Sales expected to be $520 – $540 million; includes a headwind of approximately $20 million from USD strength compared to the third quarter of fiscal 2022 and approximately 7 percent of price realization

•

Adjusted operating income expected to be at least $40 million:
 

•

Pricing is expected to substantially cover raw material costs of $23 million, higher wages and general inflation compared to the prior year quarter
 

•

USD strength is expected to be a headwind of approximately $4 million compared to the prior year quarter
 

•

Under-absorption and price/raw effects expected to improve sequentially
 
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