Kennametal reported its 2025 first quarter results on Nov. 6 for the period ended Sept. 30, which showed a decline in sales, both year-over-year and sequentially.

The metalworking and tooling products manufacturer posted 1Q25 total sales of $482 million, which were down 2% year-over-year and down 2% on an organic basis, partially offset by a favorable business days effect of 1%.

By Kennametal business unit in 1Q25:

• Metal Cutting sales of $297 million decreased 4% year-over-year, with organic sales down 4%.
• Infrastructure sales of $185 million increased 0.4% year-over-year, with organic sales growth of 1%.

Kennametal’s 1Q25 operating profit was $36 million on 7.5% margin, compared with $45 million on a 9.2% margin a year earlier. 1Q25 net profit of $23 million was down from 1Q24’s net profit of $30 million.

“While we continue to generate strong cash flow from operations, softer market conditions in a number of our end markets have led sales to come in on the lower end of our expectations,” Kennametal President and CEO Sanjay Chowbey said in the company’s financial release. “We do, however, anticipate second quarter results in line with our historical sequential performance and we remain focused on the continued execution of the Value Creation Pillars we outlined last quarter: Delivering Growth, Continuous Improvement and Portfolio Optimization.”

In updating its 2025 annual outlook, the company said it now expects sales between $2.0 billion to $2.1 billion.

The company reported its 2024 fiscal full-year and fourth quarter results on Aug. 8 for the period ending June 30. Kennametal posted full-year sales of $2.04 billion, down 2% year-over-year. Kennametal reported full-year net profit of $113 million, down from 2023’s net profit of $123 million.