Kennametal Inc (KMT)
Gross profit margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 627,093 | 631,424 | 646,076 | 649,369 | 646,439 | 640,424 | 637,130 | 647,195 | 647,977 | 654,026 | 639,581 | 608,155 | 552,478 | 478,231 | 485,074 | 495,563 | 529,470 | 641,735 | 692,803 | 759,383 |
| Revenue (ttm) | US$ in thousands | 2,046,898 | 2,053,825 | 2,074,067 | 2,075,868 | 2,078,184 | 2,057,964 | 2,034,187 | 2,023,739 | 2,012,456 | 1,998,412 | 1,970,811 | 1,924,645 | 1,841,441 | 1,704,523 | 1,702,949 | 1,767,522 | 1,885,305 | 2,110,201 | 2,224,321 | 2,306,635 |
| Gross profit margin | 30.64% | 30.74% | 31.15% | 31.28% | 31.11% | 31.12% | 31.32% | 31.98% | 32.20% | 32.73% | 32.45% | 31.60% | 30.00% | 28.06% | 28.48% | 28.04% | 28.08% | 30.41% | 31.15% | 32.92% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $627,093K ÷ $2,046,898K
= 30.64%
Kennametal Inc's gross profit margin has shown fluctuations over the past few quarters. From December 2019 to June 2020, the gross profit margin remained relatively stable, ranging from 30.41% to 32.92%. However, there was a noticeable decrease in the margin from March 2021 to March 2022, where it dropped from 32.92% to 30.00%.
Subsequently, there was an improvement in the gross profit margin from March 2022 to June 2022, with the margin increasing from 30.00% to 32.20%. However, this trend was not sustained, as the margin decreased in the following quarters. Most recently, as of June 30, 2024, the gross profit margin stood at 30.64%.
Overall, while there have been fluctuations, the general trend of the gross profit margin for Kennametal Inc appears to have stabilized around the low 30% range in recent quarters. It is crucial for the company to monitor and analyze the factors contributing to these changes to ensure sustainable profitability in the future.