How did Kennametal's management reconcile its reported Q2 2026 EPS beat with a lower normalized earnings run rate after removing tungsten price and raw-material effects?
Management said the Q2 beat was largely tungsten timing, not a durable demand jump Kennametal's management was clear that the reported Q2 beat did not mean underlying demand had suddenly jumped. CEO Sanjay Chowbey said sales and adjusted EPS came in above the high end of outlook because of volume,...